wiggy
Well-known member
I'm selling my boat and am about to take a 10% deposit, what are the normal arrangements and when would it be returned or kept by me?
Presumably a private sale not involving a broker. I recently sold my HR31 privately to a Swede. We agreed between us that he would, prior to final offer, inspect the boat at her home berth. He arranged for the marina to lift and pressure wash her, with my agreement, to inspect the undersides, I put on a new anode whilst in the slings. He then made final offer which was accepted, signed a contract I had prepared, which required him to pay £5K non-refundable deposit to my account within 5 days via interbank payment BIC/SWIFT, balance £58k to be paid by completion date (3 weeks later). Failure to pay voided the contract. All went smoothly, boat left for Sweden 24 days after his first viewing. MCA Bill of Sale completed as well (download from MCA site)None as of yet, do you have a recomendation?