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Conversely, the seller may be willing to throw in some extra items to bring the offer price up. So we accepted.Robin was born and raised in the Canadian North. There is sometimes some back and forth, each party adjusting their price until a mutually acceptable price is reached.The two happiest days of a sailor’s life are the day they buy a boat and the day they sell it.

 You can easily use them for the transferring of title (ownership) without involving any legal advisor.The Free Boat Purchase Agreement makes the task of buying and selling boats a lot easier by describing all the included clauses within the template. We have found we come from a less desperate position if we have something else we are interested in. But before you buy a boat, you have to negotiate a price, and that is a process unto itself. There must be both an offer and an acceptance. 1.

Unless you can afford the loss, don't offer to finance the boat! You can easily use the sections mentioned in the template for recording a single payment and optional holding deposit to practice fair business dealings. When it comes time to pay taxes, you will pay on the $35k, but not the other $10k.We aren’t in the business of taking advantage of people. Continue to Registration and Documentation. One should not do contortions to avoid taxes, but paying the correct taxes is proper.The seller is going through a similar process; basically what the boat is worth to them, the minimum for which they would sell the boat and what they think they might be able to get for it.

In one case the seller was offended and we received an abrupt message back. The list price for boats is often quite a bit off what it will actually sell for.Once a deal has been made there may be an opportunity to split up assets to avoid paying high taxes or import duties. Sales agreements or contracts should include the following minimum information: 1. Complete names and addresses of buyer and seller. Complete description of boat and engine, including make, model, year, as well as hull-identification number (HIN) and engine serial number(s).
The boat comes with a liferaft, outboard, dinghy, extra life vests, a bbq, extra anchors, a large sail inventory, etc. SALE PRICE Purchase price Currency … In one case, we couldn’t come to an agreement, but the seller threw in a rigid bottom dinghy, mooring ball and the cost of the first haul-out – all of which was worth well more than the difference between our offer and his minimum sell price. And, if you have a boat loan outstanding, the lender may not permit this arrangement. A realistic purchase offer may appear as a low-ball offer to an unrealistic seller. The Free Boat Purchase Agreement makes the task of buying and selling boats a lot easier by describing all the included clauses within the template. Keep looking around for other boats and if possible have at least one other boat that you are seriously considering. Again, from our experience we have never seen a boat sell for the survey value. Numbers don’t lie and they are not swayed by emotion. Below are some things to consider when you’re planning on making an offer on a boat.Offering to buy a boat is an exhilarating and sometimes daunting experience. We’ve found buying to be more fun than selling. If the boat comes with a lot of extras, these extras can be put on a separate bill of sale. Make an offer but resist the urge to justify your offer. Second, many studies have shown that giving something up releases oxytocin, which helps build trust and also makes the recipient want to reciprocate. Depending on what’s included with the boat, there may be items that can be taken off, like an older GPS or radar, or life preservers, an old outboard, expired liferaft, etc. 3. Setting the price. However, he was still willing to negotiate. An agreement arises when one person, the offeror, makes an offer and the person to whom is made, the offeree, accepts. Low-balling can be an effective way to set a low anchor point, but it can also offend the seller to the point where they no longer wish to entertain offers from you.
There seems to be a culture in boating, sailboats especially, of sellers asking more than they think they will get. We have never heard of a boat selling for its list price. 2. Purchase price 2. After the dust has settled, feeling like you have paid too much will stick with you for the rest of the time you own the boat and can sour the enjoyment of it.We expect a counteroffer so our original offer is below our ideal price. Overall, I’d say don’t focus on worrying too much about how somebody will react to your offer but offer something that allows you to negotiate up to your ideal price.I am with jim, that was a great point, definitely want to be paying the correct taxes