Buying a Boat, no broker - Put these steps in order please

[nfbr]

What order would you do the following? (no Broker
Swap / Change as you see fit please


Quick Look
Offer
Contract
Deposit
Survey
Negotiation / Price Adjustments
Payment
Bill of Sale
Document Handover
De-Registration / Registration Transfer
Re-Registration
Insurance

[BlueH2Obound]

Although I wouldn't BIND the insurance, I'd get a QUOTE on insurance before the "offer" stage, at least narrow it down so you know you have options for when you insure. For instance, if your boat has a wood hull, it is over a certain age, or will be in hurricane prone regions, your insurance options may be limited.

[hscrugby]

I'd have the insurance ready to go at payment/bill of sale.
Good chance as soon as that happens PO is dropping insurance and marina might need your coverage immediately etc.
We just did this and basically it was:
Quick look.
Longer look, poking prodding etc etc.
Offer, counter, offer, etc etc. ONCE the offer was accepted, contract was part of that.
FORTUNATELY previous owner was awesome and worked with us as much as possible, since it took for bloody EVER to get a survey lined up.
Survey.
Survey results, negotiation. (got insurance lined up)
Agreement on new price
drive back down, gave bucket of money signed paperwork all over.
Bill of Sale/Coast Guard registration signing etc. Add insurance all the same day.
Now we own a boat. BUT registration/coast guard docs are SLOW. (web says they are processing from July right now)
Marina annoyed us wanting to double dip storage fees, so actually moved boat WAY before planned. But that's another story. So you want to have where you're storing her lined up BEFORE you own it as some marinas will kick you out or charge a crazy fee immedately.
Sailing her home, slowly, and waiting for Coastie registration to come back with copies of everything to show ownership on the boat.
Updated stupid MMSI cause he had a BoatUS one.
Still waiting on coastie docs.
Ordered new vinyl for name etc.
waiting on coastie docs.
still waiting.
Once coastie docs get here, we'll register her with NC.

[Shrew]

Originally Posted by nfbr

What order would you do the following? (no Broker
Swap / Change as you see fit please


Quick Look
Offer
Contract
Deposit
Survey
Negotiation / Price Adjustments
Payment
Bill of Sale
Document Handover
De-Registration / Registration Transfer
Re-Registration
Insurance

I would make the following adjustments to this process:

1) Quick look tells you if you want to inspect further, If I like what I see, I continue looking deeper.

2) Offer, Contract, & Deposit (Subject to Survey, Sea-Trial, Insurance, and Financing (If applicable)).

3) Survey & Sea Trial

4) Re-negotiate (If necessary)

5) Insurance

6) Payment, Bill of Sale, Title Handover (if applicable)

7) If a US boat that is documented, Transfer documentation (You don't transfer registration or De-Register)

8) Register (If US, and boat will reside is a specific state which would require registration)

[barnakiel]

Deposit is optional.


As a buyer, do not insist.


Check what actually constitutes 'taking over' - in some legal systems you must actually physically poses the thing to take it over.


Where I bought our boat, I was advised to "take over the keys and change the locks". As a token proof of now me owning the boat.


This (change of ownership, its exact moment and proof) may vary per country.



b.

[boatpoker]

"Quick look" ..... No !

A "hard look" before you spend money on a surveyor.

Marine Survey 101