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Old 09-18-2009
ditch ditch is offline
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Purchase Plan help

I am trying to prepare myself for purchasing the first boat. I would greatly appreciate it if you all could look over this plan and adjust add subtract etc.
Thanks. Ditch

Purchase Plan
1. decide itís the boat (model) for you- research research
2. get otherís opinions about the boat in question
3. Make a balanced overall budget then-make an offer
4. Physically inspect the boat
5. Find out if:
A. it has a clear title
B. it has taxes to be paid
c. What else to lookout for?
d.
6 Make a Purchase Agreement:
Helpful things to include:
a. place deposit money in escrow
b. purchase contingent on survey outcome and positive sea trial
c. What else to lookout for?

7 survey
8 sea trial
9. Payment procedure: Advice here would be helpful, would owners/brokers be willing to take less with cash, is that a bad idea?
a.
b.
c.

10.paper work, fees: this is where I am very confused, it would be great if someone could explain the a-e process below.
A. title procedure:
b. sales tax:
c. registration: USCG
d. boats name change:
e. others ??
11. Transport: Cost out all these and include in the overall budget.
Sea transport:
Overland:
Storage:
a. storing. on the hard, slip, mooring.
b. hauling
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