Buying a Italian registered yacht

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Mr Cassandra

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I am looking at buying a Italian registered yacht through a Italian broker who speaks very little English. I have got as far as the iradication of the flag and blue book proceedings via a surveyor.

I dont think he will use a RYA style contract
What should i look out for and how do i control the money side of things?

Or any other concerns?
 
Yes I have read those threads, Thanks
Why when a question is asked specifically about Italy someone talks about buying in spain.lol

The problem I have is the International brokers' non-ability to communicate with me in English. And me with him in Italian .

I have, to me negotiated a good price and would like to proceed with this purchase, on sending questions to broker I rarley get the answer to the question being asked.
Then again he will not move on his 5% fee he wants me to use a local surveyor for 1450+vat with a sea trial to test the engine I asked for a water hose and qualified mechanic to run the engine and carry out a compression test instead, as it would save money on an up and down
Then up to 1000euro for irradiation of flag?
I think it's down to lack of communication but I have serious concerns in handing over a large amount of money not understanding the process.
It would help greatly if I could get someone to be able to speak the language.
 
Last edited:
rtboss1 said:
Yes I have read those threads, Thanks
Why when a question is asked specifically about Italy someone talks about buying in spain.lol

The problem I have is the International brokers' non-ability to communicate with me in English. And me with him in Italian .

I have, to me negotiated a good price and would like to proceed with this purchase, on sending questions to broker I rarley get the answer to the question being asked.
Then again he will not move on his 5% fee he wants me to use a local surveyor for 1450+vat with a sea trial to test the engine I asked for a water hose and qualified mechanic to run the engine and carry out a compression test instead, as it would save money on an up and down
Then up to 1000euro for irradiation of flag?
I think it's down to lack of communication but I have serious concerns in handing over a large amount of money not understanding the process.
It would help greatly if I could get someone to be able to speak the language.
Click to expand...
This is your post above translated to Italian by Google Translate. I'm using it very successfully to communicate in French with the PO of my recently acquired boat even though I don't speak any French.
ho letto quei thread, grazie
Perché quando una domanda viene posta specificamente sull'Italia qualcuno parla dell'acquisto in spain.lol

Il problema che ho è la non abilità dei broker internazionali di comunicare con me in inglese. E io con lui in italiano.

Ho negoziato per me un buon prezzo e vorrei procedere con questo acquisto, inviando domande al broker raramente ottengo la risposta alla domanda che mi viene posta.
Poi di nuovo non si sposterà sul suo compenso del 5% vuole che io usi un ispettore locale per 1450 + iva con una prova in mare per testare il motore Ho chiesto un tubo dell'acqua e un meccanico qualificato per far funzionare il motore ed effettuare un test di compressione invece, come si farebbe risparmiare su un su e giù
Quindi fino a 1000 euro per l'irradiazione della bandiera?
Penso che sia dovuto alla mancanza di comunicazione, ma ho serie preoccupazioni nel consegnare una grande quantità di denaro non capendo il processo.
Sarebbe di grande aiuto se potessi convincere qualcuno a parlare la lingua
 
That's easy if you can get the other person to answer the question being asked, not the questions you havent asked.
If I walk away from this deal, it will be because the Broker has failed in his duty of care towards his client.
We have a situation that an Owner wants to sell and a buyer that wants to buy and a broker that is not to interested in either. imo

Every message I have sent has been in English with the Italian translation underneath.
Its the lack of answers creating the problem.
 
Last edited:
rtboss1 said:
That's easy if you can get the other person to answer the question being asked, not the questions you havent asked.
If I walk away from this deal, it will be because the Broker has failed in his duty of care towards his client.
We have a situation that an Owner wants to sell and a buyer that wants to buy and a broker that is not to interested in either. imo
Click to expand...
Trust me I know. I’ve posted about my own relatively recent experiences with a British broker in Greece and I would never buy from a broker again. Too many totally incompetent shysters in that profession to be taking risks with our hard earned cash.
 
rtboss1 said:
I am looking at buying a Italian registered yacht through a Italian broker who speaks very little English. I have got as far as the iradication of the flag and blue book proceedings via a surveyor.

I dont think he will use a RYA style contract
What should i look out for and how do i control the money side of things?

Or any other concerns?
Click to expand...

I was told by an italian boat owner, that the declared engine hp rarely matched the reality, because of 'tax' adjustments.
 
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