Does anyone have a good sample sales contract?

P-Dogg · Post by **P-Dogg** » Fri Jul 01, 2011 5:05 pm

I am in danger of making my largest boat purchase. Does anyone have a sample sales contract to use in case a broker is not involved? My presumption is that they will have one of their own. Besides the obvious " subject to satisfactory survey" clause, what other items have you found useful to include ( or wish you had included!) in a boat sales contract? Thanks, Perry

P-Dogg · Post by **P-Dogg** » Sun Mar 18, 2012 11:41 am

Okay, Really? No one has a sample sales contract to share, or advice as to what should be in one?

Let me start:

1). Subject to approved financing.
2). Your thoughts here. What did you get shafted on when you bought your boat?

Thanks, Perry

Big D · Post by **Big D** » Sun Mar 18, 2012 11:48 am

I would also include a mechanical inspection/clause.

If you can't sea trial right away but want to purchace now, a hold back clause of a certain amount of money to cover needed power plant repairs isn't uncommon.

Sorry, I don't have a sample contract.

prowlersfish · Post by **prowlersfish** » Sun Mar 18, 2012 11:50 am

satisfactory sea trial ( boat gets to claimed speed , won't over heat etc )

ready123 · Post by **ready123** » Sun Mar 18, 2012 11:52 am

I have always gone through a broker (buying or selling) and used the standard contracts that say subject to purchasers satisfactory survey and in water test. Thereby ensuring I can walk away without any penalty even just because I changed my mind

Try this:
http://www.cramermarine.com/images/form ... n_sale.pdf

prowlersfish · Post by **prowlersfish** » Sun Mar 18, 2012 11:59 am

If your not dealing with a broker and the boat meets your needs sea trail survey .

Then you can use this ( change to your boat )

http://sbo.sailboatowners.com/index.php ... Itemid=257

BTW I have never used a contract when buying a boat , and I have bought a lot of them .

What are you Buying ? you should know if a broker is involved or not before you even have seen it

Is there a broker and the owner is trying to sell behind his back ? ( happens ) if so there can be big issues .

P-Dogg · Post by **P-Dogg** » Sun Mar 18, 2012 5:45 pm

Great info -- thanks for the feedback guys! I'm looking at this boat. It is listed by a broker.

http://www.yachtworld.com/core/listing/ ... 4&url=[url]

I've bought a couple of planes before, but never a large boat. I just didn't want to see a boat sales contract for the first time when I showed-up to make an offer.

It is around the corner from Sir Aaron of Baltimore, who I live (kinda) near and with whom I've been in contact with as I try to decide which model to go with. A tad on the expensive side for Tricabs, but it has been updated. I will try to take a look at it for the first time next weekend. It was for sale last summer, when I began this endeavor, as were a lot of the other boats listed. Which brings me to another question. What would you offer, and what you pay, for this vessel? Thanks, Perry

prowlersfish · Post by **prowlersfish** » Sun Mar 18, 2012 6:46 pm

I would Guess the Boat is about 10k over priced .Just IMO . Pehaps RB will chime in he has a similar vintage tri .

Get a survey , and do not use a surveyer that the seller or broker recommends , Boat us has a list of ones they recommend .

prowlersfish · Post by **prowlersfish** » Sun Mar 18, 2012 7:12 pm

heres some more

http://www.yachtworld.com/core/listing/ ... 75743&url=

http://www.yachtworld.com/core/listing/ ... 76229&url=

prowlersfish · Post by **prowlersfish** » Sun Mar 18, 2012 7:14 pm

heres a few others Opps double Post .

rossjo · Post by **rossjo** » Sun Mar 18, 2012 7:23 pm

STANDARD FORM OF THE YACHT BROKERS ASSOCIATION OF AMERICA:
http://www.oceanmarinellc.com/brokerage ... eement.pdf

Good info from BoatUS:

Boat Buyer's Guide:
Sales Agreements & Contracts
http://www.boatus.com/buyer/guide/buyer/contracts.asp

Boat Seller's Guide:
The Sales Agreement*
* Get It In Writing!
http://www.boatus.com/buyer/guide/seller/agreement.asp[/u]

Big D · Post by **Big D** » Sun Mar 18, 2012 8:43 pm

Nice Ross, thanks for that.