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On Mon, 23 May 2011 20:55:19 -0700 (PDT), Hoges in WA
wrote: Hi. I have two questions if anyone with experience in this can help. 1. Does the seller pay the broker's fee? Yes, the broker (if applicable) will deduct his fee from the purchase payment. 2. What sort of title check do I need to do to make sure it is clear of encumbrances? i.e. whose services do I engage? This is a tricky issue. If the boat is documented or titled you can search for liens if they have been properly filed but that is still not a total guarantee. Normally there is language in the contract to the effect that the seller guarantees no encumberances and promises to defend against any that arise. Things can still happen however, especially with things like unpaid tax obligations and your only recourse is against the seller. 3. If the boat is registered as a US vessel, and I am not a US citizen, how long do I have to change this or who should I contact to find out? Sorry, don't know the answer to that. |
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