I am in the early talkings of a Boat purchase
The sellers brooker is very open and communicative, answering all my questions fast and complete. Overall i do have a good feeling about the Boat
, the Brooker and the possible purchase
This will be my first Boat purchase, so i get most of my knowledge of what to do pre purchase on the forum or other web sites...
When talking about money
transfer, i was thinking an escrow service
would be the choice of most deals.
However, the sellers brooker adviced that deposite and further payments would be made using their "Yachts clients account".
So basically he would act as an escrow service
Is that a common process? I do understand the issues that could come up with that way. However, if everything is fixed in a contract
, any additional risks showing up here?
According the Sellers brooker, the Boat does not have any loans and is in private possesion.