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Old 06-05-2016, 10:52 AM   #11
dhays
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City: Gig Harbor
Vessel Name: Kinship
Vessel Model: North Pacific 43
Join Date: May 2015
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Quote:
Originally Posted by BandB View Post
Two parts to the question. First, as to contract and flow. The FL contract linked to is an excellent example. Order is offer contingent upon survey and sea trial, with deposit and acceptance followed by sea trial and survey. Then buyer can accept and proceed or negotiate further based on issues found or reject and walk away.

Part two of the question is the deposit. I would never turn the deposit over to an individual. That is where a documentation/title agency is essential. Upon acceptance of the offer, the deposit would go to them.
Very succinct and I would agree completely. In a private sale, I would want someone to be able to act as an escrow agent and the title agency would be able to do that.
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Dave
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