Purchase agreement? - 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 05-11-2007
Banned
 
Join Date: Jul 2006
Posts: 30
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Alberg30 is on a distinguished road
Purchase agreement?

I am looking at buying an owner-listed boat. What are the order of steps if I should wish to make an offer.



I know I need a purchase agreement to present a potential lender, but what does this constitute? Do I need a lawyer to draft and witness it?



I assume I then present the agreement ("contingent on results of survey") to lender next and then if I get preliminary approval, I proceed to survey.



Is that correct?
Reply With Quote Share with Facebook
  #2  
Old 05-11-2007
camaraderie's Avatar
moderate?
 
Join Date: May 2002
Location: East Coast
Posts: 13,878
Thanks: 0
Thanked 2 Times in 2 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
This should get you started:
Florida Bill of Sale of Boat/Vessel with Promissory Note (Sold "As-Is" without Warranty) - Free Legal Form
Reply With Quote Share with Facebook
  #3  
Old 05-11-2007
Cruisingdad's Avatar
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Mobile Liveaboards
Posts: 9,894
Thanks: 3
Thanked 97 Times in 52 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
This isn't Cam's boat you are buying, is it? If so, you better have the lawyer and all that!!! Besides, I offered $50. My offer was first. Get in line!

- CD
__________________
Sailnet Adminstrator & Moderator
Catalina 400 Technical Editor

2004 Catalina 400, Sea Mist IV (our boat, F/T Mobile Live Aboards in S FL and Keys primarily)
1987 Tayana Vancouver 42, Credendo Vides, (Mom and Pops boat, F/T Mobile Live Aboards in Puget Sound)

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


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


Follow me on Facebook:

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook
  #4  
Old 05-11-2007
hellosailor's Avatar
Plausible Deniability
 
Join Date: Apr 2006
Posts: 10,418
Thanks: 1
Thanked 74 Times in 72 Posts
Rep Power: 10
hellosailor has a spectacular aura about hellosailor has a spectacular aura about
Your lender probably won't care about anything except a survey--to be done to their specification--and a clean title transferring to you. If the boat is documented the title is tied to that process. If it is state registered, there may/not be a separate title and registration, depending on the state and the age of the boat.

The purchase agreement, no matter how informal it is, should also state that the transfer is being made free and clear of all liens, etc. to you, just in case there are any mechanic's liens or storage liens that you aren't aware of. The lender may be able to suggest a title company or someone to handle the sale details for you, as well, but a lawyer can be a good idea when there's any major dollar value involved.

Hey, I've got this great Sundeer 65 that's stuck in Nigeria, I just need a couple of grand to pay the port fees and once I get it back to the US you can have it for a song.
Reply With Quote Share with Facebook
Reply


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
Help! My survey is done!... Kacper Boat Review and Purchase Forum 46 03-22-2007 06:12 PM
purchase agreement arti23 Boat Review and Purchase Forum 5 05-02-2006 11:47 PM
purchase agreement kristenmiller Boat Review and Purchase Forum 1 09-13-2004 09:48 PM
Developing a Pre-Cruising Agreement Sue & Larry Her Sailnet Articles 0 04-07-2004 08:00 PM
Purchase Agreement Examples? kc_cmc Boat Review and Purchase Forum 5 01-16-2004 10:07 PM


All times are GMT -4. The time now is 04:46 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