oakleyb
Well-Known Member
Upgrading my boat, i did have boat owner mag with easy explained boat purchase guide - but mislaid. Is it offer depending on satisfactory survey, deposit, survey,negotiation,purchase
Thanks
Thanks
Boat purchase
- Thread starter oakleyb
- Start date
Twister_Ken
Well-Known Member
Usual to add satisfactory sea trial into that list as well.
arfa
Well-Known Member
The RYA has a handy procedure list and documents to use if you wish.
The link to the relevant area should be here
RYA Knowledge base
I am using it at the moment and based on conversations with those who are more experienced in these matters than I, it seems to be pretty comprehensive.
The link to the relevant area should be here
RYA Knowledge base
I am using it at the moment and based on conversations with those who are more experienced in these matters than I, it seems to be pretty comprehensive.
GeorgeLlewellin
Well-Known Member
If you are an RYA member then get their members pack for “Buying a Secondhand Yacht” at
http://www.rya.org.uk/KnowledgeBase/legal/legalmembers/legalmembersonlybuyingprivately.htm
Product Code: G21
Author: Edmund Whelan, RYA Legal
ISBN: 0954730135
Purchasing a yacht is a big investment and risk, yet the legal side can be very simple. This new edition covers surveying, insurance, finding a mooring, draft contracts and Bill of Sale.
Our price: £5.50
RYA member price: £4.95
George
http://www.rya.org.uk/KnowledgeBase/legal/legalmembers/legalmembersonlybuyingprivately.htm
Product Code: G21
Author: Edmund Whelan, RYA Legal
ISBN: 0954730135
Purchasing a yacht is a big investment and risk, yet the legal side can be very simple. This new edition covers surveying, insurance, finding a mooring, draft contracts and Bill of Sale.
Our price: £5.50
RYA member price: £4.95
George
gwc2004
Well-Known Member
I've sold 2 boat in the last 2 years and the proceedure I followed was,
1. Agree price for vessel and written inventory subject to survey if they want one. Agree on required documentation should sale complete.
2. Accept deposit upto 10% on agreement.
3. Release vessel for survey at buyers expense and responsibility.
4. Discuss survey and renegotiate if defects are found and you both want to proceed.
5. Arrange sea trial should buyer what one.
6. If all has gone well arrange, transfer of balance of purchase price. Once the funds have cleared the vessel is then sold.
7. Hand over all documents and keys etc.
8. Buy another boat.
I used a contract downloaded from the RYA site and it gives protection to both parties involved. It lays down time limits for proceedures to be completed, has get out clauses should either of you wish to back out. Good luck! PS. Both my deals took a month to nurse through the sale.
1. Agree price for vessel and written inventory subject to survey if they want one. Agree on required documentation should sale complete.
2. Accept deposit upto 10% on agreement.
3. Release vessel for survey at buyers expense and responsibility.
4. Discuss survey and renegotiate if defects are found and you both want to proceed.
5. Arrange sea trial should buyer what one.
6. If all has gone well arrange, transfer of balance of purchase price. Once the funds have cleared the vessel is then sold.
7. Hand over all documents and keys etc.
8. Buy another boat.
I used a contract downloaded from the RYA site and it gives protection to both parties involved. It lays down time limits for proceedures to be completed, has get out clauses should either of you wish to back out. Good luck! PS. Both my deals took a month to nurse through the sale.
poter
Well-Known Member
Are you purchasing privately or thru a broker?
If thru a broker you have some safeguards including a client account with the bigger companies.
Absolute must is a survey, they almost always find some faults that you can use as a bargaining tool. The RYA pack is good but not comprehensive, as twister ken says try & get a sea trial, it may be difficult to arrange this time of year but imho is an essential. I did on my last purchasing foray & nearly ended up with a Dog as I was very impressed with price but took her out & wow things started to go wrong.
So take your time & put the intended purchase on here as well, I did with my Dufour & got all sorts of reply's mostly good.
Good luck & let us know how you get on.
poter /forums/images/graemlins/wink.gif
If thru a broker you have some safeguards including a client account with the bigger companies.
Absolute must is a survey, they almost always find some faults that you can use as a bargaining tool. The RYA pack is good but not comprehensive, as twister ken says try & get a sea trial, it may be difficult to arrange this time of year but imho is an essential. I did on my last purchasing foray & nearly ended up with a Dog as I was very impressed with price but took her out & wow things started to go wrong.
So take your time & put the intended purchase on here as well, I did with my Dufour & got all sorts of reply's mostly good.
Good luck & let us know how you get on.
poter /forums/images/graemlins/wink.gif
Rum_Pirate
Well-Known Member
When buying you might like to request proof that VAT has been paid. /forums/images/graemlins/wink.gif
