Sales Contract & Earnest Money

Doc · Mar 7, 2011

Can anyone direct me to a link for a "sold by owner" yacht sales agreement? Or perhaps you have one*you can send.

In a "sold by owner" situation, how would you recommend that the earnest money be handled without a broker to hold it in their escrow account?

JohnP · Mar 7, 2011

Doc,* This sounds like a good thing is about to happen?

Fingers crossed and Best of Luck.***** JohnP

Just write up a contract and you hold the deposit check.

I would not cash it till after the survey.

-- Edited by JohnP on Monday 7th of March 2011 02:37:29 PM

Doc · Mar 7, 2011

Could be but I not counting any chickens.

Baypoint · Mar 7, 2011

Send me a PM with your email I have the one we used. It is from the yacht brokers association. It is the one we used when we purchased it drom the owner

awpptdt · Mar 7, 2011

* Get a good attorney to handle the funds and documentation.

Keith · Mar 7, 2011

Boat/US has a complete service that you can pick and choose what you want. They will hold escrow, do the documentation transfer, have a contract and bill of sale... etc. I used them when I purchased my current boat and it was fast and efficient. Both parties were happy.

Larry M · Mar 8, 2011

Doc wrote:

Can anyone direct me to a link for a "sold by owner" yacht sales agreement? Or perhaps you have one*you can send.

In a "sold by owner" situation, how would you recommend that the earnest money be handled without a broker to hold it in their escrow account?

We sold our last boat and purchased Hobo without a broker.* We used an*attorney once and a marine title company for the other*closing.* They supplied the contracts, collected & held the money and did*the final distributions.* In both cases it was very professional and the total fees were*$500.00 which also included the vessel documentation.

Larry/Lena
Hobo KK42
Bahia de Sol, El Salvador*

Sales Contract & Earnest Money

Doc

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JohnP

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Doc

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Baypoint

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awpptdt

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Keith

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Larry M

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