Precautions when buying a boat
Posted: Mon Mar 24, 2014 2:44 am
Kind'va newbie at this, so not even sure if I'm asking the right questions, but here's an over-the-transom stab at it:
Was wondering if there is a source for determining whether a vessel has a clean title (like a title search when buying a house), specifically to determine if there are any liens against the vessel or if ownership is disputed or if there have ever been any insurance claims made against it? Trying to determine if I can assure a clean sale and also determine the vessel's history, and not so much whether it's fishy or not (generally easy enough to determine just from talking with folks who're familiar w/it and fished around it), but whether the vessel (fiberglass in this case) has had structural damage (hit a rock, e.g.) and repairs have been artfully concealed.
Also, is there a standard bill-of-sale contract you can use?
And cuz I don't even know what I don't know, I should add that any comments addressing concerns I'm too ignorant to've thought of yet in the buying process would be greatly appreciated from alla you that've been thru the looking and winnowing and buying.
Tx. for any comments and insights.
Was wondering if there is a source for determining whether a vessel has a clean title (like a title search when buying a house), specifically to determine if there are any liens against the vessel or if ownership is disputed or if there have ever been any insurance claims made against it? Trying to determine if I can assure a clean sale and also determine the vessel's history, and not so much whether it's fishy or not (generally easy enough to determine just from talking with folks who're familiar w/it and fished around it), but whether the vessel (fiberglass in this case) has had structural damage (hit a rock, e.g.) and repairs have been artfully concealed.
Also, is there a standard bill-of-sale contract you can use?
And cuz I don't even know what I don't know, I should add that any comments addressing concerns I'm too ignorant to've thought of yet in the buying process would be greatly appreciated from alla you that've been thru the looking and winnowing and buying.
Tx. for any comments and insights.