majoma
Member
I am considering selling my boat myself. In the past I always used a broker and I need advise on how to handle safely the financial side and transfer of money.
Thanks
Thanks
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This summer I withdrew some money in $100 bills from my bank to pay for fuel on a boat trip. First stop was South Seas Island Resort at Captiva Island. I pad for my slip and fuel in cash. South Seas ran the $100’s thru the money machine and three of them were counterfeit. This was cash I personally got from the bank. They were the old style bills, hard to check if fake. I wouldn’t take cash from someone now even if I knew them.I have sold 29 boats over the years . Cash or a cashiers check is NOT king unless you know the buyer. You would need to check every bill and cashiers checks can be altered. Wire transfer only.
The paper work is fairly easy. If you are documented you can down load the needed forms and if not you sign over the title and it will be up to the buyer to register in his state and pay any required taxes and fees. Copy any signed bill of sale
and do not hand the buyer a signed title without it being filled out and signed by him which you need to copy.
As stated above your bank may help with the transfer as most people will not want to wire money without proof of title etc.
I don’t like dealing with a broker to buy or sell a boat anymore. The last five boats I have had I sold myself. Financial side is real easy. You wire the money to me, when the funds arrive, you get the boat and the associated paperwork.
+1Easy peazy, just find buyer, get money, give boat and title...
MM