Next, scan through the classified ad websites to get a feel for the market. Is the watercraft in poor, fair, good, very good, or excellent condition? The better the condition, the better price you could potentially receive. First, you are going to have to give an honest evaluation of its condition. There are several considerations you are going to have to make when adjusting the value of the vessel. Now that you have thoroughly cleaned up your boat and have all the necessary paperwork, it is time to figure out what the selling price will be.
Proof of a Paid Loan – If the boat was financed, you are going to want to provide paperwork confirming that you have reimbursed the lender, e.g.
#NOTARIZED BILL OF SALE FOR BOAT REGISTRATION#
Registration – Unless your boat is exempt from registration, you should be prepared to present the new owner with a copy of the vessel’s most current registration card.Title of the Vessel – This is the certificate of ownership one receives at the time of sale.Bill of Sale – Be prepared with 2 blank copies that can be filled out and signed on the date of the sale (it is recommended that both parties receive a copy for their records).There are various documents that a seller should have on hand when getting ready to sell their boat. Some defects may be easily repaired for a low price, others you may think will cut into your profit. Assess whether or not you think it is worth taking the time and money to repair the flaws to increase your chances of getting a higher price. Begin by washing the deck making your way down to the hull to scrub off any grime caused by the water (a power washer could be used for the more stubborn build up).Įxamine the boat looking for any defects such as scratches, rust, damaged parts, malfunctioning equipment, etc. Next, you are going to want to clean the outside. If your boat contains a cabin, clean the inside top to bottom using household cleaning products and vacuum the floors. Start by emptying out any unnecessary clutter within the boat. Step 1 – Preparing your Vessel for Saleīefore you present your boat to the public, you are going to want to make sure that the vessel is in tip-top shape. Listed below is a guide that will help ease the process of selling your watercraft. If you are looking to sell your boat, there are some steps that can be taken to increase your chances of a sale. The contract benefits both parties and may even be legally required dependent upon which state the transaction is taking place. This information includes general details such as the purchase price, buyer/seller specifics, and the vessel’s HIN (Hull Identification Number). Its function is to consolidate all the information regarding the sale or gift of a watercraft, thus creating a receipt for the purchase.
A b oat (vessel) bill of sale form can be used during the transfer of ownership of a watercraft.
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