Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 11, 2021 14:03:04 GMT
I will probably buy from a broker but if a boat comes up from outside a broker what is the process of buying a boat from a private seller? And from a security point of view is as safe, it's a large purchase and I don't want any worries. Is there anything particular I need to be aware of. Any advice will be welcome.
|
|
|
|
Post by thebfg on Aug 11, 2021 14:30:17 GMT
Make sure Rog is not around as the boat could come from dubious sources.
Obviously if something is too good to be true then there is probably an issue.
Look for history, records of blacking, licences and insurance for example.
Receipts of work done and historical photos are all a good indicator.
With ours(in-laws) we had all the plans, instructions and stuff from when it was built but did purchase through a broker.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 11, 2021 14:39:35 GMT
Make sure Rog is not around as the boat could come from dubious sources. Obviously if something is too good to be true then there is probably an issue. Look for history, records of blacking, licences and insurance for example. Receipts of work done and historical photos are all a good indicator. With ours(in-laws) we had all the plans, instructions and stuff from when it was built but did purchase through a broker. thanks, that all makes sense but I was referring more to the legal and money side of things, at what stage does money change hands and that type of thing. |
|
|
|
Post by patty on Aug 11, 2021 15:29:35 GMT
Make sure Rog is not around as the boat could come from dubious sources. Obviously if something is too good to be true then there is probably an issue. Look for history, records of blacking, licences and insurance for example. Receipts of work done and historical photos are all a good indicator. With ours(in-laws) we had all the plans, instructions and stuff from when it was built but did purchase through a broker. thanks, that all makes sense but I was referring more to the legal and money side of things, at what stage does money change hands and that type of thing. Think u put down a deposit and have it surveyed(opinion varies on whether survey nec) ..just ensure there is a paper trail so that u know that owner is the rightful one. Put the boat up on here and you'll get some valid opinions You'll also get some 'opinions' u may chose to ignore The experts will tell u what to watch for and whether its gud value for money The ladies of the forum will let u know the pretty bits and maybe what might not be desirable I was lucky, had mine built and I watched every bit of the fit out and knew where all the wiring etc went Sadly I had to let her go and still see that as my biggest mistake but we move on. Enjoy your search |
|
|
|
Post by thebfg on Aug 11, 2021 15:43:13 GMT
Pretty much the same order as a broker. There are template contracts on line that can be used too.
|
|
|
|
Post by Mr Stabby on Aug 12, 2021 20:07:21 GMT
Make sure Rog is not around as the boat could come from dubious sources. Obviously if something is too good to be true then there is probably an issue. Look for history, records of blacking, licences and insurance for example. Receipts of work done and historical photos are all a good indicator. With ours(in-laws) we had all the plans, instructions and stuff from when it was built but did purchase through a broker. thanks, that all makes sense but I was referring more to the legal and money side of things, at what stage does money change hands and that type of thing. Pay a deposit of say £1,000 if you are interested in the boat and want the seller to remove it from the market while you have the survey done, then pay the remainder when you take it over. Traditionally this was done with a carrier bag full of readies but the banks seem to frown on that nowadays so maybe a building society cheque that the seller watches you obtain. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 12, 2021 20:12:24 GMT
5% cash deposit then bacs transfer.
I don't know what all this chat about surveys is but of course endless funds means I can afford just to let boats waste away and buy another one afterwards.
|
|
|
|
Post by Andyberg on Aug 12, 2021 20:18:52 GMT
Chaps payment is same day/ instantaneous, bacs usually 3 days.🙄
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 12, 2021 21:20:35 GMT
thanks, that all makes sense but I was referring more to the legal and money side of things, at what stage does money change hands and that type of thing. Pay a deposit of say £1,000 if you are interested in the boat and want the seller to remove it from the market while you have the survey done, then pay the remainder when you take it over. Traditionally this was done with a carrier bag full of readies but the banks seem to frown on that nowadays so maybe a building society cheque that the seller watches you obtain. What if the survey turns out a nightmare, obviously some renegotiations need to take place but if the seller wont budge enough on the price do you lose the deposit or what happens then. As opposed to buying through a broker where if the cost of any repairs is greater than 10% of the purchase price you can get your deposit back and walk away. |
|
|
|
Post by Mr Stabby on Aug 12, 2021 21:29:38 GMT
Pay a deposit of say £1,000 if you are interested in the boat and want the seller to remove it from the market while you have the survey done, then pay the remainder when you take it over. Traditionally this was done with a carrier bag full of readies but the banks seem to frown on that nowadays so maybe a building society cheque that the seller watches you obtain. What if the survey turns out a nightmare, obviously some renegotiations need to take place but if the seller wont budge enough on the price do you lose the deposit or what happens then. When you buy from a brokerage there is generally a clause covering this, e.g. if the survey indicates work is required that exceeds 5% of the purchase price then the buyer can withdraw and the deposit is refunded. For a private sale it's very much between you and the seller to agree this between yourselves before proceeding. So you need to decide for yourself if the seller appears to be honest and trustworthy and discuss possible survey outcomes prior to doing the deal. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 12, 2021 21:34:23 GMT
|
|
|
|
Post by phil70 on Aug 12, 2021 23:02:04 GMT
All of the above, when we sold the Amber Rose Too we were able to provide a very firm paper trail starting with the original invoice for the boat and then all the receipts for all work done, all documents such as insurance, EA licences etc etc.
Good luck.
Phil
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Aug 13, 2021 15:51:27 GMT
Thanks for the input people It will be a couple of months before we start looking but I will take all the advice on board(excuse the pun but i'll take the credit anyway). Going to Crick next week, maybe some kind boater will show us the inside of their boat.
|
|
|
|
Post by Mr Stabby on Aug 13, 2021 15:56:11 GMT
Thanks for the input people It will be a couple of months before we start looking but I will take all the advice on board(excuse the pun but i'll take the credit anyway). Going to Crick next week, maybe some kind boater will show us the inside of their boat. I won't be at the Crick Boat Show this year as I'm doing some painting and want to watch it dry.  |
|
|
|
Post by patty on Aug 13, 2021 17:40:41 GMT
Thanks for the input people It will be a couple of months before we start looking but I will take all the advice on board(excuse the pun but i'll take the credit anyway). Going to Crick next week, maybe some kind boater will show us the inside of their boat. I went once.... took ages to get in, it was heaving However don't let us doom n gloom merchants put u off Have a great day  |
|
