Several things to look for that are key IMO.
A clause that says something like "Buyer's obligation to purchase
is subject to Visual inspection
, sea trial and survey
at the satisfaction of the Buyer, in Buyer's sole discretion"
(emphasis added) - this is your out for any reason, including not liking the color of the cushions
And a clause that says something to the effect " In the event of rejection, Broker shall return the Deposit to Buyer "
There will be some dates tied to survey
and acceptance, but you can set those to give you enough time to decide to reject or not. And if you feel you don't have enough time, you reject, makes the offer null and void, and you can re-start negotiations.
Of course, if you can visit the boat before making an offer / deposit, that is better, but if the boat is in Grenada
, and you want to make sure the boat is still available for you once you show up in Grenada, then making an offer /deposit makes sense.
Just went thru this last week for a boat in Guadeloupe
- waiting now for the formal survey report to decide next step.
Finally, deal with a reputable broker. Above words are included in the standard Catamaran
and I am in my second purchase with them as my broker and fully satisfied.