Quote:
Originally Posted by 993guy
Sorry, I too am looking to get into a trawler in the very near future and am here to learn, am I to understand that an offer requires a deposit up front? I can only go by (6) houses bought and sold but no offer required an actual check along with it. Is it different with boats? Yes, I did eventually put deposits down on all the houses (usually $5k) but that was after the offer had been made and accepted.
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Welcome to buying a boat. Yes they make you give a check WITH the offer, usually 10%. Why? what I have heard is because the next step after the offer is accepted is a sea trial and if they did not require you to put money on it, they'd have ppl making offers right and left to get a ride on a boat they really don't plan to buy. Not sure how much truth there is to that??? Would love to hear the broker's perspective on the reasoning behind it.