Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 21-09-2020, 20:25   #1
Registered User

Join Date: May 2019
Posts: 91
Buying a Boat, no broker - Put these steps in order please

What order would you do the following? (no Broker
Swap / Change as you see fit please


Quick Look
Offer
Contract
Deposit
Survey
Negotiation / Price Adjustments
Payment
Bill of Sale
Document Handover
De-Registration / Registration Transfer
Re-Registration
Insurance
nfbr is offline   Reply With Quote
Old 22-09-2020, 14:33   #2
Registered User

Join Date: May 2019
Location: Kentucky, for now
Posts: 134
Re: Buying a Boat, no broker - Put these steps in order please

Although I wouldn't BIND the insurance, I'd get a QUOTE on insurance before the "offer" stage, at least narrow it down so you know you have options for when you insure. For instance, if your boat has a wood hull, it is over a certain age, or will be in hurricane prone regions, your insurance options may be limited.
BlueH2Obound is offline   Reply With Quote
Old 23-09-2020, 10:18   #3
Registered User

Join Date: May 2020
Location: North Carolina
Boat: Hans Christian 33t
Posts: 58
Re: Buying a Boat, no broker - Put these steps in order please

I'd have the insurance ready to go at payment/bill of sale.
Good chance as soon as that happens PO is dropping insurance and marina might need your coverage immediately etc.
We just did this and basically it was:
Quick look.
Longer look, poking prodding etc etc.
Offer, counter, offer, etc etc. ONCE the offer was accepted, contract was part of that.
FORTUNATELY previous owner was awesome and worked with us as much as possible, since it took for bloody EVER to get a survey lined up.
Survey.
Survey results, negotiation. (got insurance lined up)
Agreement on new price
drive back down, gave bucket of money signed paperwork all over.
Bill of Sale/Coast Guard registration signing etc. Add insurance all the same day.
Now we own a boat. BUT registration/coast guard docs are SLOW. (web says they are processing from July right now)
Marina annoyed us wanting to double dip storage fees, so actually moved boat WAY before planned. But that's another story. So you want to have where you're storing her lined up BEFORE you own it as some marinas will kick you out or charge a crazy fee immedately.
Sailing her home, slowly, and waiting for Coastie registration to come back with copies of everything to show ownership on the boat.
Updated stupid MMSI cause he had a BoatUS one.
Still waiting on coastie docs.
Ordered new vinyl for name etc.
waiting on coastie docs.
still waiting.
Once coastie docs get here, we'll register her with NC.
hscrugby is offline   Reply With Quote
Old 23-09-2020, 10:25   #4
Registered User

Join Date: Aug 2010
Posts: 1,697
Re: Buying a Boat, no broker - Put these steps in order please

Quote:
Originally Posted by nfbr View Post
What order would you do the following? (no Broker
Swap / Change as you see fit please


Quick Look
Offer
Contract
Deposit
Survey
Negotiation / Price Adjustments
Payment
Bill of Sale
Document Handover
De-Registration / Registration Transfer
Re-Registration
Insurance
I would make the following adjustments to this process:

1) Quick look tells you if you want to inspect further, If I like what I see, I continue looking deeper.

2) Offer, Contract, & Deposit (Subject to Survey, Sea-Trial, Insurance, and Financing (If applicable)).

3) Survey & Sea Trial

4) Re-negotiate (If necessary)

5) Insurance

6) Payment, Bill of Sale, Title Handover (if applicable)

7) If a US boat that is documented, Transfer documentation (You don't transfer registration or De-Register)

8) Register (If US, and boat will reside is a specific state which would require registration)
Shrew is offline   Reply With Quote
Old 23-09-2020, 13:40   #5
Registered User

Join Date: Aug 2009
Location: between the devil and the deep blue sea
Boat: a sailing boat
Posts: 20,231
Re: Buying a Boat, no broker - Put these steps in order please

Deposit is optional.


As a buyer, do not insist.


Check what actually constitutes 'taking over' - in some legal systems you must actually physically poses the thing to take it over.


Where I bought our boat, I was advised to "take over the keys and change the locks". As a token proof of now me owning the boat.


This (change of ownership, its exact moment and proof) may vary per country.



b.
barnakiel is offline   Reply With Quote
Old 23-09-2020, 13:48   #6
Marine Service Provider
 
boatpoker's Avatar

Join Date: Nov 2008
Location: Port Credit, Ontario or Bahamas
Boat: Benford 38 Fantail Cruiser
Posts: 4,312
Re: Buying a Boat, no broker - Put these steps in order please

"Quick look" ..... No !

A "hard look" before you spend money on a surveyor.

Marine Survey 101
__________________
That hysterical laughter you hear as you sail a way in your "new" boat ..... is the seller.
boatpoker is offline   Reply With Quote
Reply

Tags
boat, buying, lease

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Winterizing... Are These Steps Critical scarlet General Sailing Forum 46 12-11-2019 14:49
Trying to find these mast steps brianontheroad Construction, Maintenance & Refit 5 11-10-2013 17:15
I wonder you builds these custom steps that lower from the front deck videorov Multihull Sailboats 1 01-01-2013 14:04
If it's Better to Buy Through a Broker-to-Broker Arrangement, I Need a Broker YesIsail Multihull Sailboats 4 14-11-2011 10:00
Please Place 'these' in the Right Order unbusted67 Dollars & Cents 3 09-08-2011 11:00

Advertise Here


All times are GMT -7. The time now is 00:08.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.