Tranona
Well-known member
Ancasta in this case is NOT a dealer, but a broker acting on behalf of the seller. The contract is with the seller and it is quite normal to ask for a deposit as a sign of good faith and to ensure that any costs related to the sale are covered. The deposit is held in a secure client account.I bought our boat from a reputable dealer who didn't need a deposit.
Their ad appeared on Yachtworld on the Saturday, I spoke to them the same day about the history. Drove 600 miles to see the boat on Monday morning and made an offer there and then.
They specifically didn't want a deposit and kindly waited two weeks for the first available surveyors appointment I could get. No money changed hands until the survey was done and the purchase went ahead.
I have done the same as you. Viewed the boat, met the owner in the broker's office to clarify certain points, Made an offer (no survey), no deposit, no formal contract. Just an exchange of emails confirming what was agreed and paid 2 days later.
However, signing a contract and paying a deposit ensures that the boat will be yours provided the conditions of the contract are met, primarily that the seller has title and the boat is confirmed as described by your survey.