See full version: Everything You Need to Know About The Coast Guard Bill of Sale
The boat bill of sale is necessary for several reasons. First, it shows the legality of the transaction of the boat and transfers ownership of the vessel and any liens or fines currently accrued to the new owner. The bill of sale is necessary for you as the buyer so that you can register the vessel to you in your state, but you will also need it if you intend to seek documentation from the U.S. Coast Guard, so your vessel becomes part of the federal registry.
Your boat bill of sale should contain basic information regarding the buyer (you) and the seller of the boat. You also want information regarding the sale price of the vessel, what the sale includes (like any accessories like a trailer or other equipment on the boat), and the date of the transaction. It is also a good idea to have the document signed and notarized to help give it a legal stamp as a document. here
Buying a boat can be an incredibly exciting time in a person’s life. Maybe you’ve been saving up for a while, and it’s finally time to pull the trigger on a sale. Perhaps this is a dream you’ve had seemingly forever. No matter the circumstances, you’re going to want a bill of sale when you buy the boat. That way, you can have all your “ducks in a row,” at least in terms of the taxes.
Phone: (732) 522-1963
Email: Matt.Prestigeyachtsales@gmail.com
If you are interested in selling your boat, please contact yacht sales professional: Matthew Morin @ (732) 522-1963 and he will be more than happy to help you buy or sell your boat today!
Using a broker is a great way to utilize an expert in the industry in order to sell your boat. Whether it is their connections, knowledge of the industry, or negotiating strategies you are looking for, a broker will make selling your boat an easy process. After all…selling your boat should be a fun. [links]
Whether you are deciding to step up to a bigger boat, or simply sell your existing one, the process of selling a boat can quickly become daunting. Where do I list? How do I determine the right price? What paperwork is necessary for selling my boat? more
This is where hiring a boat broker to list your boat removes stress associated with the process. Besides having an industry expert instantly on your team, here are seven reasons why hiring a broker is the right choice:
Enter You Name, Email And Vessel Information Below And A Yacht Sales Professional Will Reach Out To You Shortly With Exactly How Much You Boat Is Worth Based On Sales Data And What Similar Vessels Like Yours Have Sold For Over The Last 1-3 Years! here
According to Lindy Schweickert of St Thomas Yacht Sales, “We think there is a buyer somewhere out there for every boat, no matter how strange or unique”. However, much of the trading takes place at the top end of the market with the 45 to 55 footers, so what of the more battered boats in the under $25,000 bracket? [links]
“I didn’t have money to work on the boat,” says Dirk, “but did what I could do to maintain it.” Eventually, he was able to rebuild the interior, purchase sails and enlarge the cockpit. Fine for a bolthole, but when the opportunity came to start his own business, a boat wasn’t what Dirk wanted. “I can’t get a computer on the boat, so I wanted to live on shore again and sell it to start the business.” more
Talking of systems and accessories, “for the cruising market, people are looking for the solar panels, the watermaker and the wind generator, so the extras are important. But you can’t expect to get back what you paid for them,” underlines Underwood.
At $15,000, the price was not exorbitant, but by then the trimaran was in Trinidad, where, according to Dirk: “there are not a lot of yachties and those who are there want a nice boat, not one to live on.” He tried brokerages, but “found that they were not really interested.” That left selling it himself. Bay Island Yacht’s Heather Underwood has some tips on how to shift this kind of boat: “At least empty all your stuff out of it,” she stresses. “The biggest thing people don’t do with the lower end of boats is preparation.” After that, “the most important things are the rigging – if it’s towards the end of its 10-year life then you’re better off doing that. Then even simple things like the brightwork looking nice. It doesn’t matter how good your systems are if the boat doesn’t look well-maintained at first sight.”
On the other hand, maybe you and your boat have drifted apart. Maybe your needs have changed: The kids grew up and moved away, for example. Or you’ve had more kids and need a bigger boat. Or you’ve married a Vegas waitress half your age and she wants to go fast. Maybe you just don’t want to deal with involved repair issues (I don’t blame you; I don’t like them, either). So go for it—flip the old ark for a new one. You can finance the purchase over many years, rather than pay for costly repairs out of pocket, in the near term. You’ll be doing a good turn for the economy, too: Boatbuilding provides a lot of jobs in the U.S., many in areas where folks depend on those jobs. here
Before starting major repairs, have your boat inspected by a certified, experienced surveyor; ask him/her to focus on the boat’s structure, looking for, among other things, water intrusion, core delamination, damage to the hull and deck supports, transom issues (common in stern drive and outboard boats, especially older ones with wooden transom cores), and integrity of the hull-to-deck joint. Serious structural problems can turn a “fix” into a “flip” pretty quickly: They can be very expensive to repair. [links]
So the fix-or-flip thing really comes down to one question: Do I like my boat well enough to invest major cash in its repair? To truthfully answer this question you may want to ask yourself another: “How much will it cost to fix my boat vs. replacing it with one that will give me as much pleasure as I get now?” If your boat’s structurally in good shape, but needs just a little engine work, or some cosmetics, or maybe a system or two upgraded, etc., I’ll wager that the flip will cost way less than the fix. But if you love your boat, the answer is clear: Fix it. here
Powerplant looking a little frowzy?Even modest efforts at a cleanup should work wonders. more
If your boat’s getting a little tired, should you refurbish, or sell, and put the cash into a new one? Here’s some insight to help you decide.