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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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