It sometimes pays to ask around, many marinas that have storage will have owners who have stopped paying, if the boat is in good/ fair shape they will usually want to auction it. The reason being is it's the only legal
way for them to get rid of it, still, putting up boats for auction is a pain for the marina owner and they will only usually do it if they feel the boat is worth it. From time to time they have also put me in touch with the owner to see if some kind of deal could be worked out, usually with the marina fees
coming directly out of the sale
, of course every owner of a derelict thinks their "beauty" is worth top dollar, so don't be offended and don't be afraid to offer a price
that reflects it's current
state, they may not accept it originally but you never know, it's always worth calling back at a later date, like at the end of the moth when they've just received another bill.
But beware, even if you get the bill of sale and title from the owner it can't be moved from the storage yard until the fees are paid, you might want to set up the transfer of funds to include the money
owed to the boatyard. Don't get stuck holding the bag.
Also, if buying
a boat through a private sale at least spend the money to hire a titling/documentation service
, you will need to know if there are any other liens on the boat from either mortgage holders or insurance/liability claims against the owner/boat. If there are you will never get a title or documentation
cleared. It took me 6 months to get all the i's dotted and t's crossed on one boat I bought at auction, the refurb
work was done in half that time and could have been sold at that point if it weren't for the paperwork.
I've found a couple real bargains over the years just by asking.
If your checking out boatyards
always walk to the back of the storage area, that's where the long term stored boats go, you'll look at a lot of junk before you see a diamond in the rough, just make sure it's a boat that just needs a little TLC, not a complete refit