Thread Tools Display Modes
Old 12-07-2012, 06:05 PM   #1
Veteran Member
City: Pender Island
Country: Canada
Join Date: Nov 2012
Posts: 70

Hello --------Fellow Canuckleheads....... Have you purchased a boat privately in the U.S. of A.and brought it back to Canada?????------- I've researched with assistance from TF experts the importation process for trailer and boat--seems doable....... Next the $$ part!! The boat is in Arizona(I'm in B,C,) and I plan to make a trip down to have a have you paid for your boat(Iknow with $$)... the seller will transport the boat half way but I'm sure he'll want some $$ up front(maybe not)..........I'm thinking I could go through a Notary in Arizona who could hold the $$ in trust until I agree to release it?????? Don't know.......any financial wizards out there who could give some input ..... Thanks a million john

Lucy 11 is offline   Reply With Quote
Old 12-07-2012, 06:08 PM   #2
City: Hotel, CA
Country: Fried
Join Date: Sep 2011
Posts: 7,576
How about a boat escrow service?

Craig - AKA Some Clueless Idiot

The person who is saying something is impossible should not interrupt the person who is doing it.
CPseudonym is offline   Reply With Quote
Old 12-07-2012, 06:29 PM   #3
Moonstruck's Avatar
City: Hailing Port: Charleston, SC
Country: USA
Vessel Name: Moonstruck
Vessel Model: Sabre 42 Hardtop Express
Join Date: Nov 2008
Posts: 7,310
I did something like that when I sold a boat to a buyer from Michigan. I gave my banker the USCG Bill of Sale and other documents. It was set up in Michigan with a correspondent bank. When the funds were wired to my account, my banker released the documents via overnight delivery. The buyer then came down to pick up the boat. We had it fueled and provisioned for him. I went through the first two dam lockings to get him familiar. Then my wife picked me up down stream. It was a very smooth transaction.

When they went through Chicago, one of my friends had to wait for a bridge opening for them. He phoned me, and asked what I was doing in Chicago. Small world stuff. The buyer arrived in Saugatuck without any issues.
Don on Moonstruck
Sabre 42 Hardtop Express & Blackfin 25 CC
When cruising life is simpler, but on a grander scale (author unknown)
Moonstruck is offline   Reply With Quote
Old 12-07-2012, 06:31 PM   #4
bobofthenorth's Avatar
City: Cowichan Bay, BC
Country: Canada
Vessel Name: Gray Hawk
Vessel Model: Defever 43 Offshore Cruiser
Join Date: Oct 2009
Posts: 569
I just phoned my Credit Union, talked to the manager (who used to work for me) and had him transfer the funds but I think what you're really asking is how to handle the deposit. We used our broker's trust account for the deposit and the closing funds. With no broker involved I think you're going to have to pay somebody like a lawyer or escrow service to hold the funds or else some heavy duty trust is going to be involved.
bobofthenorth is offline   Reply With Quote
Old 12-07-2012, 06:44 PM   #5
Veteran Member
City: Pender Island
Country: Canada
Join Date: Nov 2012
Posts: 70

I'm a trusting soul BUT !!!!! THANKS FOR THE SUGGESTIONS !! I'll contact Coast Capital and see what they have to say ---- maybe they can co-ordinate with the Sellers Bank ........... standing by jp
Lucy 11 is offline   Reply With Quote
Old 12-07-2012, 06:49 PM   #6
Senior Member
DCBD's Avatar
City: Sidney BC
Country: Canada
Vessel Name: Our Island
Vessel Model: KK Manatee
Join Date: Nov 2010
Posts: 196
We bought our boat privately, I used a maritime title company in Seattle. I wired the money to them and they held it in escrow until the deal was finalised. Part of their service is to search the title and look after transferring the registration. It was seamless, but the boat and PO were both in Seattle. I'm not sure they could provide the same service out of state. I can provide full details if you PM me. Would at least be a good starting point.
DCBD is offline   Reply With Quote
Old 12-07-2012, 09:25 PM   #7
Keith's Avatar
Vessel Name: Anastasia III
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,716
Boat/US provides the same services, from escrow to title search, etc. Very cost effective.
Keith is offline   Reply With Quote
Old 12-08-2012, 12:55 AM   #8
Veteran Member
City: Pender Island
Country: Canada
Join Date: Nov 2012
Posts: 70
Oh Oh !!

Only problem here is that the buyer and seller must be living in the continental USofA ---- I'm in Canada so that resource won't work ---- thnx. for the suggestion looks like a great organization--nothing like it this side of the Border,,,,,,,,,,,,,,,,, standing by.. john
Lucy 11 is offline   Reply With Quote
Old 12-08-2012, 04:53 AM   #9
TF Site Team
Larry M's Avatar
City: Friday Harbor, WA
Country: USA
Vessel Name: Hobo
Vessel Model: Krogen 42-120
Join Date: Nov 2008
Posts: 4,383
I think someone already gave you the link for Marine Documentation Service in Anacortes. When we bought Hobo, with no broker, they collected the money, did the final distribution (the seller had a loan) and all the paper work. The seller and buyer were not WA State residents. When we sold another boat, we and the buyer hired an attorney that worked in the marine industry and she basically did the same thing as Marine Documentation Services. The cost for each was around $500 which was split.

Larry M is online now   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not 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 Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 05:01 PM.

Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012