SailNet Community - Reply to Topic

   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 > General Interest > General Discussion (sailing related) > Closing Costs?
 Not a Member? 


Thread: Closing Costs? Reply to Thread
Title:
  

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

Message:
Trackback:
Send Trackbacks to (Separate multiple URLs with spaces) :
Post Icons
You may choose an icon for your message from the following list:
 

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.



Click here to view the posting rules you are bound to when clicking the
'Submit Reply' button below


Additional Options
Miscellaneous Options

Click here to view the posting rules you are bound to when clicking the
'Submit Reply' button below


Topic Review (Newest First)
11-06-2010 08:22 PM
rockDAWG The amount if sales tax for a car is not so bad. Not for a boat, it will be costly if you get a 400k boat. You need a mortgage to pay for it. Time to think about move to states that have no sales tax. NH and DE come to mind.
11-06-2010 07:46 PM
puddinlegs
Quote:
Originally Posted by paul323 View Post
I also paid for a marine title company to complete a title search (confirming the boat was free of any leins), transfer the ownership of the boat, and complete USCG documentation. It cost about $200.
Yup... that's the important one.
11-06-2010 06:49 PM
CalebD I was going to add that a mechanic, rigger or even a boat yard could have a lien placed on the boats title but paul323 covered that.
11-06-2010 05:41 PM
paul323 I also paid for a marine title company to complete a title search (confirming the boat was free of any leins), transfer the ownership of the boat, and complete USCG documentation. It cost about $200.
11-06-2010 05:14 PM
Faster If you're fortunate to be able to arrange moorage, it's often payable a year in advance (often a better rate that way too)... depending where you are and size of boat this could be another several $K dip into the piggybank...
11-06-2010 03:58 PM
PorFin Trisstan,

Quick list:

a. Survey (paid to surveyor)
b. Quick haul for survey haul out (paid to marina).
c. Engine and/or rigging survey -- something to consider if vessel is a little long in the tooth.
d. State sales tax.
e. State registration.
f. USCG documentation (if required by lender or you elect to have it documented.)
g. FCC Ship's Station License (if vessel is equipped with an SSB.)
h. Insurance.

Can anyone think of anything else I've missed?
11-06-2010 03:22 PM
sailpower Is the boat going to be CG documented? A marine lender will usually require it if you are financing through one. They will also probably require you to use a documentation service for the documentation and the First Preferred Ship’s Mortgage.

That can all add up to $400 - $700 depending on who you use.

Then there is the 6% FL sales tax.
11-06-2010 03:11 PM
trisstan87 Thanks a lot. Im really close to closing on a deal and I just wanted to make sure I wouldn't get bit by any unforeseen costs due to bureaucratic type fees.
11-06-2010 02:14 PM
Minnewaska You mentioned the survey. Yes, FL has annual registration fees, approx $100 depending on length of boat. Insurance has always been required where I've been, but may not be everywhere. Delivery charges to get the boat home. Maintenance is almost always deferred to some level on a boat being sold, bottom paint, etc. Marina charges, slip or mooring. Then I've always had the experience of fixing tons of stuff that shows up the first season. After I get all caught up, it seems to settle down.
11-06-2010 01:07 PM
trisstan87
Closing Costs?

Just a quick question regarding the purchase of a boat. What sort of additional costs are often associated with buying a sailboat? I live in FL so information pertinent to that state is most sought after but all is appreciated.
Basically I am wondering if there are any sort of registration costs or transferring of ownership or anything else that you could overlook in planning (besides a survey) to buy a boat.
Also, Do most of the marinas in FL require you to have some sort of insurance to stay at/in their docks/marinas?
Anything that could offset the closing costs is what I am after. I am trying to make sure I do not have any unforeseen surprises so if I am missing something please enlighten me.

 
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 07:37 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.