The diktat of Caveat Emptor (buyer attention) means that a boat seller is not legally obliged to make negative information about his boat voluntarily. For example, if it missed a number of services, got involved in a collision or requires serious repair, this may not appear clearly in the ad or during the ad. On the other hand, the seller is not allowed to misreprestress the product he sells, so you need to find out yourself to ask the right questions. Then you have to write down the answers and, if the purchase goes to a more related level, you need to include the details of the extensions in the sales contract – a contract document that describes the terms of sale on which the two parties agree and sign. Once the effects of the maritime investigation and experimentation have been corrected and the agreement has been confirmed or amended based on new knowledge, it is time to conclude the agreement. This essentially includes the certified signature of the voucher, the transfer of the agreed price balance to the seller and (subject to the successful clearing of these funds) the handing over of the keys and title documents to the purchaser. However, note that if you do not pass the documents of your sales and sale contract, the buyer has the right to withdraw at this late stage – so it is important here too that the contract is drawn up in accordance with your circumstances and that you are completely transparent about what you can (and cannot) can. While the sale and sale contract defines the terms of sale, the final delivery of the boat is done through a sales invoice. This can often be as simple as a signed, dated and dated document with basic data from the seller, buyer, boat and agreed purchase price, but it remains an important final document.
Here too, standard models of the RYA are available, but if the value of the boat is particularly high or if the boat and its equipment is particularly complex, it may be wise to appoint a naval lawyer to assist in the development of a satisfactory document. All that remains then is for the buyer to transfer the title in his own name or to have the boat placed in the register. While buying new ones brings with it the chance to replicate the boat in your mind in every detail, the purchase used includes a level of choice, the value and convenience of new boat buyers can`t hope to match. The fact that there are so many used boats on the market, new and old, classic and modern, continuous and set, factory standard and fully custom, means that there is really no limit to the size, type and value of craftsmanship that are available to you. More on point, the fact that the choice is so great means that you, as a buyer, are able to negotiate the price of a position of strength, knowing that the cost and complication of holding a boat on the market is often a much stronger reflection than the propensity to resist any downside trading.