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Old 03-19-2009
Finny Finny is offline
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Quote:
Originally Posted by JohnRPollard View Post
When a closing/settlement date must be scheduled ahead of sea-trial, the customary practice is to place some amount of money in escrow pending sea trial.
What do you think a fair amount to go in escrow would be? Obviously it depends on the boat and engine, but I've had a broker say ~$2000, but should it be more? Will $2000 cover any potential problems? It was the seller's broker after all...
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Finny

"Most of my money I spent on boats and women. The rest I squandered."
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