Buying a boat in the winter - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
 Not a Member? 


Reply
 
LinkBack Thread Tools
  #1  
Old 11-09-2006
Junior Member
 
Join Date: Mar 2002
Posts: 8
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
StephenOrd is on a distinguished road
Buying a boat in the winter

How does one handle the purchase of a vessel if you cannot do a sea trial or engine survey for 4-5 months after the offer is accepted or the on-land survey, especially if the sale is a private sale?

Who handles the deposit and how much is a safe amount from both sides? Is a deposit needed? What other problems should I expect?
Reply With Quote Quick reply to this message Share with Facebook
  #2  
Old 11-09-2006
sailingdog's Avatar
Telstar 28
 
Join Date: Mar 2006
Location: New England
Posts: 43,290
Thanks: 0
Thanked 11 Times in 11 Posts
Rep Power: 13
sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice sailingdog is just really nice
Why not do an escrow account for the deposit, pending the sea trial and engine survey.
__________________
Sailingdog

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Telstar 28
New England

You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

If you're new to the Sailnet Forums... please read this
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
.

Still—DON'T READ THAT POST AGAIN.
Reply With Quote Quick reply to this message Share with Facebook
  #3  
Old 11-09-2006
khbritten's Avatar
Member
 
Join Date: Jan 2006
Posts: 32
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
khbritten is on a distinguished road
Have a good contract in hand when you go to look at the boat! A bit too late, I found quite a few good templates on the web when we bought a boat last winter. Because of the special circumstances in your case, write clauses that are acceptable to both you and the seller into the contract before you hand him a check. Our story is told in a thread here started last January. You really can't put too much into a contract. I would also suggest escrow for the deposit - check to see if your bank or the seller's can set up an account.

Sailingfool said it best:

"good luck...

... is helped by good contracts!"
Reply With Quote Quick reply to this message Share with Facebook
  #4  
Old 11-10-2006
camaraderie's Avatar
moderate?
 
Join Date: May 2002
Location: East Coast
Posts: 13,877
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 15
camaraderie is a jewel in the rough camaraderie is a jewel in the rough camaraderie is a jewel in the rough
Do an escrow with the broker. Write a contract with the contingencies you and the seller wish to have. Usual amount is 10% down.
Reply With Quote Quick reply to this message Share with Facebook
  #5  
Old 11-10-2006
deckhanddave's Avatar
Member
 
Join Date: Oct 2006
Posts: 93
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
deckhanddave is on a distinguished road
I'm in the same boat (I punned). I've found that because this is the very begining of the winter season, many of the owners of the boats I've seen are almost willing to give them away than to worry about winterizing. Is this typical or is it an indicator of how crappy the boat condition really is?
Reply With Quote Quick reply to this message Share with Facebook
  #6  
Old 11-10-2006
Junior Member
 
Join Date: Sep 2006
Posts: 19
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
VMacDonald is on a distinguished road
Quote:
Originally Posted by deckhanddave
many of the owners of the boats I've seen are almost willing to give them away than to worry about winterizing. Is this typical or is it an indicator of how crappy the boat condition really is?
I suppose it depends on white how much they are prepared to 'give the boat away'. A seller at this time of year (assuming northern hemisphere ) will be looking at 4-5 months of storage costs and insurance. Neither of these are insignificant - especially storage at a fashionable marina. There is also the risk associated with the winter layup - they may come back to sell the boat in the spring and discover all sorts of minor problems: seized blocks, torn spray hoods etc which then need to either be fixed at their cost or will make the boat harder to sell. As such, many owners (if they are being realistic) will be prepared to knock a few hundred or even thousand (depending on the expected lay-up and storage costs - which will as with most thngs be proportionate to the size of the boat) off the price for a quick sale.

Of course, if the buyer wants to make it all conditional on a sea trial etc in the spring there's no real advantage to the seller of signing a contract now as he would normally remain responsible for storage and mooring costs and 'risk' in the mean time.
Reply With Quote Quick reply to this message Share with Facebook
  #7  
Old 11-10-2006
Jotun's Avatar
Space cadet
 
Join Date: May 2006
Location: KSQ, PA, USA
Posts: 396
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
Jotun is on a distinguished road
Can anyone point me toward one of the online contracts?
Reply With Quote Quick reply to this message Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Joys and Pitfalls of Buying a New Boat - Part 1 Lin & Larry Pardey Buying a Boat Articles 25 08-02-2014 09:44 PM
Seakindly Boats vs.the rest rmf1643 Boat Review and Purchase Forum 14 04-10-2013 04:26 PM
New name (I know, I know) owlmtn Boat Review and Purchase Forum 13 12-13-2009 08:46 PM
Production blue water boats JakeLevi Boat Review and Purchase Forum 73 07-31-2009 11:07 PM
The Joys and Pitfalls of Buying a New Boat - Part 2 Lin & Larry Pardey Buying a Boat Articles 0 11-06-2006 05:51 PM


All times are GMT -4. The time now is 12:06 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.