SailNet Community - Reply to Topic
Thread: Purchase agreement? Reply to Thread
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:
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.

  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)
05-11-2007 04:14 PM
hellosailor 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.
05-11-2007 02:10 PM
Cruisingdad 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
05-11-2007 01:55 PM
camaraderie This should get you started:
Florida Bill of Sale of Boat/Vessel with Promissory Note (Sold "As-Is" without Warranty) - Free Legal Form
05-11-2007 01:31 PM
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?

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

For the best viewing experience please update your browser to Google Chrome