| Selling
your boat
The advantages of motorboatsdirect.com, you get
direct access to the purchaser resulting in no brokerage fees,
this means that you will be able to obtain a better achieved price
for your boat and it will be perceived as better value by the
purchaser.
What will you need to be able to sell your
boat?
Clear title - registration proving that
you are the owner of the vessel with no outstanding mortgage,
this can be proved by obtaining a transcript of registry. If there
is an outstanding mortgage the sale proceeds must be sent directly
from the vendor to the finance company for the outstanding amount
of the marine mortgage. If registration is solely by means of
an SSR, the chain of ownership must be proved by means of builders
certificate and relevant bills of sale.
Insurance - You need to ensure that your
boat is covered by marine insurance until completion of the sale.
Proof of VAT payment - this will come by
means of the original invoice for the boat for proof of VAT payment
from a member of the European union if the sale is being conducted
between two EU nationals.
Faults on board - Most purchasers will
require a surveyor to inspect the boat prior to completion. They
will always find something that needs rectifying and the purchaser
has the right to request that these faults are rectified, deducted
from the sale price or can not go ahead with the sale and get
their full deposit returned. It is prudent to make sure that your
boat is as sound as possible prior to sale to ensure that the
sale process runs smoothly.
Don't forget that motorboatsdirect.com run a contracts
service and can take care of all of the above for you.
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