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Old 03-08-2011, 06:11 AM   #7
Larry M
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City: JAX, FL
Country: USA
Vessel Name: Hobo
Vessel Model: Krogen 42-120
Join Date: Nov 2008
Posts: 8,159
RE: Sales Contract & Earnest Money

Quote:
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*
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