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Advice on Making an Offer
on a Boat for Sale
Our first advice is that you sleep on your thoughts about what sort of offer you may wish to make. Once you decide you want to proceed you should then contact us and advise a figure and any conditions you may wish to place on the offer from the following:
Subject to Survey
Subject to Finance
Subject to Sea Trial (Although we normally find that what buyers really want is a familiarisation session with the boat and the previous owner/crew. This can be arranged but does not necessarily form part of the contract.)
OR - if you want to proceed quickly without any of the above, simply "As is, where is". If Finance or Insurance is required then a survey will normally be a condition of the lender and/or insurer if the boat is more than one year old. Most marinas and yacht clubs also require proof of insurance and insurance is required for racing. As such a survey is normally required in all cases. Nicolle Associates always recommend a "Pre purchase survey".
There will often be a negotiation at this stage which in some circumstances can get quite complex and is not necessarily limited to price. The negotiation often includes things like additional inventory, timescales, delivery and even crew. The benefit of having us involved from an early stage soon becomes apparent; we will ensure that all negotiations are documented and where necessary written confirmation is provided between both parties.