tony345
New member
Wow - lots of replies and I really appreciate all of the advice given here.
One interesting point raised is 'what security do I have for my deposit'.
Do I just hand over a cheque for £5k in this case to a broker who I meet for the first time and know little about. Who actually holds my money - Broker or Owner?
If the broker goes bust while he has my money - what redress do I have? Would I own 10% of the boat?
Given the number of small firms going to the wall in the current climate - can you see why I'm a bit jumpy about handing over cash in this way.
I was surprised to see that so may posters have encoutered time wasters during the course of a sale. But forewarned is forearmed here as I too have a boat to sell. I'd fondly imagined I'd be quite happy to take anyone for a short test ride who was serious enough to come and meet with me and look over the boat. - Perhaps I'm being a mug here
One interesting point raised is 'what security do I have for my deposit'.
Do I just hand over a cheque for £5k in this case to a broker who I meet for the first time and know little about. Who actually holds my money - Broker or Owner?
If the broker goes bust while he has my money - what redress do I have? Would I own 10% of the boat?
Given the number of small firms going to the wall in the current climate - can you see why I'm a bit jumpy about handing over cash in this way.
I was surprised to see that so may posters have encoutered time wasters during the course of a sale. But forewarned is forearmed here as I too have a boat to sell. I'd fondly imagined I'd be quite happy to take anyone for a short test ride who was serious enough to come and meet with me and look over the boat. - Perhaps I'm being a mug here