Offshore Purchase in Mexico? - SailNet Community
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post #1 of 10 Old 04-07-2013 Thread Starter
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Offshore Purchase in Mexico?

Our in-laws are here in Banderas Bay looking at a boat. They have about 5 days here and they like the boat. Does anyone know what we need to do to complete an offshore purchase in the US and to export and re-import the boat into Mexico? It's a US documented boat and American buyers and sellers.
We've searched but speculation and prophesyzing doom & gloom seem to be the bulk of it.


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post #2 of 10 Old 04-07-2013
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Re: Offshore Purchase in Mexico?

I've heard buying a boat in MX is really easy. This may be a case where time is limited, however, and you should bring in some local knowledge. How about waving a few hundred dollars under the nose of a broker to act as facilitator? Either officially, thru a brokerage like PV Yachts, or contact one of their sales agents privately and hire them to guide you thru the formalities. They do this every day & can possibly save you from a mistake. No reason to pay full commission -- just a reasonable hourly rate for their help in a private party sale.

ETA: You might also call or eMail the good folks at Latitude 38 & ask them for advice and references. They know the ins & outs of the US/Mexico boating scene & are great ambassadors for the sport.

Buccaneer18, Grainnia
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post #3 of 10 Old 04-07-2013 Thread Starter
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Re: Offshore Purchase in Mexico?

The guys who own PV Yachts are on this dock. They've given a little advice but I asked them if they would act as an agent and he said "We do NOT handle paperwork on boats that we don't sell.


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post #4 of 10 Old 04-08-2013
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Re: Offshore Purchase in Mexico?

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The guys who own PV Yachts are on this dock. They've given a little advice but I asked them if they would act as an agent and he said "We do NOT handle paperwork on boats that we don't sell.
Yep. They're owner/brokers & lust after that full commission. You want someone farther down the food chain, an office assistant who knows what paperwork you need & would like a little moonlighting cash.

For instance, Mexico requires a Temporary Import Permit for foreign-registered boats, which IIRC is good for nine or ten years. Is that permit transferable, or must you apply for a new one when you buy a boat there? And does the clock reset if you reapply, or must the boat be taken out of MX waters for six months? Will you owe sales tax? To whom? A sales assistant will probably be able to answer those questions for you. On a strictly advisory & hypothetical basis, of course. "Let's say 'my friend' wanted to purchase a sailboat here. What sort of documents would a person like that need to (theoretically) obtain, and in what order? Here's a little cash consideration for your opinions."

Everyone understands this game. Brokers hate it, but they don't actually have a right to a commission on every boat sold within their territory.

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post #5 of 10 Old 04-08-2013 Thread Starter
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Re: Offshore Purchase in Mexico?

They decided to go through Mazatlan Yachts, they have a broker here too and they'll do all the paperwork and escrow for about the same price as escrow.com wants for just the escrow part.
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post #6 of 10 Old 04-08-2013
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Re: Offshore Purchase in Mexico?

awesome---what boat is it..was it there when i was there??


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post #7 of 10 Old 04-08-2013 Thread Starter
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Re: Offshore Purchase in Mexico?

It just got here a couple days ago. I don't want to say until they have an accepted offer and money in escrow.
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post #8 of 10 Old 04-09-2013
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Re: Offshore Purchase in Mexico?

Marine Title in Seattle can perform the same service...as a third party. Important to establish if the owners have a free and clear title to the boat. The USCG document does not establish this. Ask for the prior bill of sale, How did they get the boat? Is there a "satisfaction of Mortgage" issued by a bank or lending institution if the current owners financed the boat....ask a few hard question.


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post #9 of 10 Old 04-09-2013
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Re: Offshore Purchase in Mexico?

any broker can start the proceedings and any documentation company can do thew deeds... good luck and have fun with this..may it work out well for ye


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post #10 of 10 Old 04-10-2013 Thread Starter
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Re: Offshore Purchase in Mexico?

Mazatlan Yachts turned out to be as reliable as most other yacht brokers, but they were really really nice and shared their sources for getting the paperwork done. I think that they use the same title and escrow service as Aeventyr60 recommended and they have an agent locally who does the Mexican side of things. I'll share all of it when we have it all figured out. My wife wrote up an excellent offer/ counter offer form, 12 or 14 pages of it.


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