Andrew_emd
New Member
- Feb 15, 2022
- 16
- Boat Info
- Boatless
- Engines
- Boatless
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Does anyone have a template contact for buying a boat with a deposit put down with the rest pending sea trial results with a clause for xxx amount of money in damages
Thank you for the clarification and help much appreciatedA deposit would imply it’s refundable. You are describing a transaction where you agree on a purchase price but an escrowed value to cover costs discovered during trial. You have basically agreed to purchase the boat for full price, minus escrow, if repair costs exceed escrow. You are banking costs will be less than escrow and seller is hoping costs are minimal. You own the boat regardless. That allows the seller to take the amount minus escrow and start spending it. Just say that in plain English in the conditions of purchase.
Unfortunately had to pass on it, he was unwilling to let me put a large sum down pending a sea trial, just said he knows buying a boat out of water can be scary but the trailer is new and worth 4 k.... Maybe it is a gem and works great but the gambles too high, think I might have to wait until spring and see what people start selling when fuel prices go up
Does anyone have a template contact for buying a boat with a deposit put down with the rest pending sea trial results with a clause for xxx amount of money in damages
don’t put a deposit down until after the sea trial. Be patient and deliberate in your search. It’s very easy to give up your money. Much more difficult to get it back.
Yeah, that's not going to work.Wha? I don't know many sellers, private party or otherwise, that are going to offer up a sea trail with no signed offer, no money in hand.
I don't generally offer free boat rides to people I don't call friends or family
Wha? I don't know many sellers, private party or otherwise, that are going to offer up a sea trail with no signed offer, no money in hand.
I don't generally offer free boat rides to people I don't call friends or family
Is that why you are boatless?its your prerogative to do whatever you like, when conducting a sale. It’s my prerogative not to buy from you.
Is that why you are boatless?
im boatless because it hasn’t been a good time to buy, for quite some time. Boat sellers are trying to hit the lottery, and many are succeeding. But With $8 a gallon a gas on the horizon and uncertainty in the financial markets and Russia, I suspect things should get much better for buyers.
personally, I would not pay a deposit before a sea trial but I would reimburse for the cost of fuel, and any other expenses associated with a sea trial, which is fair. This would deter tire kickers.
Unfortunately, you'll probably not be buying a boat. No sane person is going to go thru a true sea trial without a deposit.im boatless because it hasn’t been a good time to buy, for quite some time. Boat sellers are trying to hit the lottery, and many are succeeding. But With $8 a gallon a gas on the horizon and uncertainty in the financial markets and Russia, I suspect things should get much better for buyers.
personally, I would not pay a deposit before a sea trial but I would reimburse for the cost of fuel, and any other expenses associated with a sea trial, which is fair. This would deter tire kickers.
Unfortunately, you'll probably not be buying a boat. No sane person is going to go thru a true sea trial without a deposit.
Tell me about it. My last seller refused to do a sea trial even with and contract and money upfront. Sold it anyway.and a signed contract. Plus why would they sign a contract if you have no skin in the game. It’s not well known, but it is kinda a sellers market these days. ;-)
Have you ever bought a "big boat" before? I'm not trying to be snarky but what you're describing is highly unusual when moving forward with these types of boat purchases. If it's your expectation to hop on someones $100k+ boat, offer to cover gas, and go for a cruise I think you're going to be pretty frustrated with the process. And it won't have anything to do with unreasonable sellers...
And for what it's worth someone, someday, will be quite fortunate to buy my 400. She's been exceedingly well cared for. I understand if you're not interested due to my unreasonable expectations, of course
I hope it's me!Have you ever bought a "big boat" before? I'm not trying to be snarky but what you're describing is highly unusual when moving forward with these types of boat purchases. If it's your expectation to hop on someones $100k+ boat, offer to cover gas, and go for a cruise I think you're going to be pretty frustrated with the process. And it won't have anything to do with unreasonable sellers...
And for what it's worth someone, someday, will be quite fortunate to buy my 400. She's been exceedingly well cared for. I understand if you're not interested due to my unreasonable expectations, of course