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Generally, a contract to purchase the boat is completed and an escrow deposited before a survey. The survey represents a serious commitment to buy the boat. The cost of the survey and yard is paid by the buyer. The terms of the escrow state that any payments owed by the buyer that are not covered will come out of the escrow. This is what will protect you from the yard. If they buyer walks away from the purchase and doesn't pay the yard, you pay with his money out of the escrow.

Since you don't have a broker or escrow service involved, you will need to draw up an escrow contract agreeable to the buyer where you hold the money with the terms of returning or keeping spelled out. We have done it this way for purchasing 3 boats and selling 2.

Mark
 
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