Purchase Agreement Example/Template? - Page 2 - 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
  #11  
Old 06-16-2007
ASA and PSIA Instructor
 
Join Date: Apr 2000
Posts: 3,436
Thanks: 6
Thanked 17 Times in 17 Posts
Rep Power: 15
sailingfool will become famous soon enough
Quote:
Originally Posted by SEMIJim
Thanks, sailingfool, that's the kind of thing I was looking for. That one is set up for a broker, and this will be a private sale (if it happens), but that can be used for a kind of template, if nothing else.

Four weeks, eh? Takes that long to find a good surveyor (and possibly engine mechanic) and get 'em on-site?
I have found the best surveyors seem to book about three weeks out, among the rest you can find some good surveyors who book in a week or so. My opinion, get the best only, and expect to pay twice the rate as "good' alternatives, money very well spent.
Reply With Quote Share with Facebook
  #12  
Old 06-16-2007
Senior Member
 
Join Date: Jun 2007
Posts: 2,710
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
SEMIJim will become famous soon enough SEMIJim will become famous soon enough
Quote:
Originally Posted by sailingfool
I have found the best surveyors seem to book about three weeks out, among the rest you can find some good surveyors who book in a week or so. My opinion, get the best only, and expect to pay twice the rate as "good' alternatives, money very well spent.
Very well. Thanks for the input, sailingfool.

For this I'll be relying on a friend of mine who has been in boating since about forever. His father was into boating before him. He knows several good surveyors, incl. one he says is called "the buyer's surveyor." Apparently a man sellers hate to see coming . Surveys everything from dinghys to freighters, the world over. Since the boat is about three hours away, drive time, he told me he'd poll a couple of them for recommendations in that area.
Reply With Quote Share with Facebook
  #13  
Old 06-16-2007
USCGRET1990's Avatar
SENIOR CHIEF
 
Join Date: May 2007
Location: YORKTOWN, VA
Posts: 1,380
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
USCGRET1990 is on a distinguished road
Quote:
Originally Posted by sailingfool
I think this is what you want.

http://www.oceanmarinellc.com/broker...eAgreement.pdf

In your contingency, be sure to allow adequate time for slecting a good surveyor, and engiune mechanic, I'd ask for four weeks. Good luck.
I put that in my favorites incase someone asks in the future...good to have!
Reply With Quote Share with Facebook
  #14  
Old 06-16-2007
Member
 
Join Date: Apr 2006
Location: Georgian Bay
Posts: 61
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
Rodz47 is on a distinguished road
You can also find some documents at: General Publications

I think this is the best source of information.
Reply With Quote Share with Facebook
  #15  
Old 06-16-2007
ASA and PSIA Instructor
 
Join Date: Apr 2000
Posts: 3,436
Thanks: 6
Thanked 17 Times in 17 Posts
Rep Power: 15
sailingfool will become famous soon enough
Pay the travel time

Quote:
Originally Posted by SEMIJim
Very well. Thanks for the input, sailingfool.

For this I'll be relying on a friend of mine who has been ....one he says is called "the buyer's surveyor." Apparently a man sellers hate to see coming . Surveys everything from dinghys to freighters, the world over. Since the boat is about three hours away, drive time, ....
Pay the travel time!!!Surveyors like that are few and far in between.
Reply With Quote Share with Facebook
  #16  
Old 06-16-2007
Senior Member
 
Join Date: Jun 2007
Posts: 2,710
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
SEMIJim will become famous soon enough SEMIJim will become famous soon enough
Quote:
Originally Posted by sailingfool
Pay the travel time!!!Surveyors like that are few and far in between.
I don't know if we could get him even were I willing to pay the travel time. Apparently he's rarely home. I imagine he's hideously expen$ive.
Reply With Quote Share with Facebook
  #17  
Old 06-16-2007
Here .. Pull this
 
Join Date: Jan 2007
Posts: 2,031
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 8
Sailormann will become famous soon enough
Quote:
he's hideously expen$ive.
Money you will never, ever regret spending.
Reply With Quote Share with Facebook
  #18  
Old 06-17-2007
Moonfish's Avatar
Cruiser/Lats and Atts TV
 
Join Date: Feb 2003
Location: Friday Harbor, WA
Posts: 372
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 12
Moonfish is on a distinguished road
Jim -

I just bought a boat from a private party. Well, he accepted my offer and I gave him earnest money as a deposit to take it off the market. Survey and sea trial next. Anyway, I did some searching for a private party purchase agreement and found one that I tailored to my circumstances. It's simple, but covers the basic. Both myself and the seller thought it sufficient and used it. I hope it pastes below OK...

BOAT PURCHASE AGREEMENT

Boat Name:

Builder: Model: Year:

Owner:

Address:

City: State: Zip

Buyer:

Address:

City: State: Zip

BUYER hereby offers the sum of $ USD for the above vessel. This Offer is accompanied by earnest money of $ USD in partial payment of the purchase price.

This Offer is subject to satisfactory inspection of the vessel, any marine insurance requirements, and the Terms and Conditions below. Final payment is to be made by on or before .

Buyer (sign/date)

2) OWNER agrees to sell said vessel for $ USD in accordance with the terms and conditions specified herein.

Owner (sign/date)


TERMS AND CONDITIONS

1. The Owner(s) warrants that he has full power and legal authority to execute and perform this agreement. Owner(s) is to furnish free and clear title to the vessel by discharging all liens, mortgages, and/or encumbrances of any kind now held against the vessel, or any which may be incurred prior to transfer of title to the Buyer(s). Owner(s) warrants that the title is in accordance with the regulations of the U.S. Coast Guard, U.S. Customs, and the City, State, and County tax departments.

2. Buyer(s) is responsible for all federal, state, and local taxes and fees that are applicable to this transaction and shall hold harmless and indemnify Owner from any such liabilities arising from those obligations. Upon purchase of the vessel the Buyer(s) becomes responsible for all costs relating to the vessel, including but not limited to moorage, insurance, and maintenance.

3. Should Buyer(s) marine insurer require a marine inspection survey in order to secure hull insurance for said vessel, Buyer(s) may then have the vessel surveyed at his expense. The surveyor shall be of the Buyer's choice. Yard cost and surveyor's fees shall be paid by the Buyer(s). If elimination of major structural deficiencies or safety issues are recommended by the marine inspection report, the contract may be renegotiated to the mutual agreement of all parties. Normal wear and tear, minor deficiencies, and maintenance recommendations are not the Owner's responsibility. The Owner agrees to be responsible for repair or towing charges that might become necessary during the demonstration or survey of the vessel.

4. Information on this vessel and its related equipment is believed to be correct, but the vessel is sold to the Buyer(s) and is accepted "AS IS, WHERE IS," after the foregoing provisions have been met. NO WARRANTY, either specified or implied, and no representations as to the condition of said vessel or its title have been made.

5. Owner(s) have the choice of retaining the earnest money deposit in a separate trust account or general checking or savings account. Should Buyer(s) not complete the purchase/sale of the vessel due to major structural deficiencies or safety issues identified by the marine inspection survey report, the earnest money deposit shall be refunded in its entirety. Should the Buyer(s) be otherwise unwilling to make final payment and/or take delivery of the vessel, the parties agree that the Owner(s) have the option of retaining the earnest money deposit in its entirety as a result of Buyer's failure to perform.

8. This Offer shall be governed and construed by and under the laws of the state of Washington without giving effect to principles or provisions relating to conflicts of laws or choice of laws. If any provision of this Agreement is held to be void or otherwise unenforceable, all remaining provisions shall continue in full force and effect and all terms contained herein shall be deemed separable and mutually independent.
__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
"Always approach the dock at the speed you wish to hit it."
s/v VENUS
1978 North Sea 33 Pilothouse Cutter (Ta Chiao)

Reply With Quote Share with Facebook
  #19  
Old 06-17-2007
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,261
Thanks: 8
Thanked 17 Times in 16 Posts
Rep Power: 11
xort has a spectacular aura about xort has a spectacular aura about xort has a spectacular aura about
Check out...
Buying A Boat
Bill has done loads of research on many, many aspects of buying, cruising, etc.
This page has a lot of links to various other pages with info you are looking for among much more stuff.
Worth a look.
Reply With Quote Share with Facebook
  #20  
Old 06-17-2007
Senior Member
 
Join Date: Jun 2007
Posts: 2,710
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 9
SEMIJim will become famous soon enough SEMIJim will become famous soon enough
Quote:
Originally Posted by Moonfish
Jim -

I just bought a boat from a private party. Well, he accepted my offer and I gave him earnest money as a deposit to take it off the market. Survey and sea trial next. Anyway, I did some searching for a private party purchase agreement and found one that I tailored to my circumstances. It's simple, but covers the basic. Both myself and the seller thought it sufficient and used it. I hope it pastes below OK...
Looks like it pasted fine to me, Moonfish. Thanks! That was exactly what I was seeking
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
Purchase agreement? Alberg30 Boat Review and Purchase Forum 3 05-11-2007 04:14 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 09:26 PM.

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.