Selling a Boat on Your Own - SailNet Community

   Search Sailnet:

 forums  store  

Quick Menu
Boat Reviews  
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Hatches and Portlights
Interior And Galley
Marine Electronics
Other Items
Plumbing and Pumps
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here

Go Back   SailNet Community > Contributing Authors > Buying a Boat Articles
 Not a Member? 

Closed Thread
LinkBack Thread Tools
Old 06-24-2001
Contributing Authors
Join Date: Jan 2000
Posts: 37
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Jon Shattuck is on a distinguished road
Selling a Boat on Your Own

We would like to sell our sailboat on our own. What forms are legally necessary, and how can we find out about the need of using an escrow account?

Jon Shattuck responds:
Thanks for your query. First, keep in mind that both boat buyers and sellers will benefit from using a written purchase agreement stating the selling price, a description of the vessel being purchased, the equipment included and excluded, any terms or contingencies, and the date and location of the closing. Boat sales are generally conducted on an as-is where-is basis unless agreed upon and specified otherwise in writing.

Second, you will need to transfer legal ownership of the vessel from the seller to the buyer. If your boat is state titled, generally all you have to do is write the name and address of the buyer on the title, and sign it. The buyer will then be required to provide the old title signed off by the seller when applying for a new one.

If your boat is USCG documented, you will need to provide USCG Bills of Sale along with the original USCG Documentation, signed, dated, and notarized, in duplicate. You'll need to have all of these documents filled out perfectly, so I recommend using a documentation service.

Regarding an escrow account, while not mandatory, most boat transactions require an earnest deposit (traditionally 10 percent of the purchase price), which should be held by a third party. Some USCG documentation services and marine lenders provide this service, and this is one of many services yacht brokers provide.

You are certainly free to sell your boat yourself, but a broker can help you with all the aspects of listing, marketing, and selling your boat. There are more recommendations in the Buyer Tips section of, have a look:

Here's a good tip to get your boat selling activity started on the proper tack: use BoatSearch to easily create a complete equipment list for your boat (e-mailable and printable) while marketing your boat on the Internet 24-7.

While no longer free (BoatSearch offers three low pricing options), it is still one of the most time and cost-effective boat buying and selling services available. Good luck to you.
Quick reply to this message
Closed Thread

Quick Reply

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:
Please enter a password for your user account. Note that passwords are case-sensitive.
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:


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

All times are GMT -4. The time now is 12:59 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) LLC 2000-2012

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