| Yachts are luxury boats, which are used for either | | | | Ownership of the boat is not in dispute, however, |
| pleasure or competitive sailing. These types of boats | | | | the process can be more tedious especially if one is |
| come in a wide variety of designs, models and types. | | | | buying the boat on a built-to-order basis, rather than |
| When buying or selling yachts, you need to be able | | | | buying a stock or production boat. |
| to chose one that fits your preferences and tastes, | | | | In addition, the major factor to consider with getting |
| and if you're selling one , you need to address your | | | | a new yacht, is to make sure that the |
| prospective boat owners' wish lists. | | | | manufacturer's insurance completely covers the boat |
| For those looking for one, you need to know the | | | | while still in production. If not, then the buyer should |
| important points a buyer should consider when | | | | arrange for the insurance. Lastly, sea trials are vital |
| choosing between a new or used yacht and what | | | | on a non-production boat, and this should be |
| are the pitfalls to avoid. | | | | incorporated, or fully stated in the contract. |
| List All the Important Stuff You Need before Looking | | | | Items To Consider When Buying A Used Yacht |
| For one | | | | It's a fact that a person can buy and sell a yacht |
| For prospective yacht buyers, the number one | | | | without the need for formal paperwork, as a verbal |
| aspect you should ask yourself is "what is essential?" | | | | agreement between two parties would be enough to |
| and it's a good idea before you begin looking for a | | | | constitute a legally binding contract. |
| yacht, to make a list of what you must have, then | | | | However, without any form of documentary |
| afterwards, make a list of what would be nice to | | | | evidence, the transaction and any problems following |
| have. | | | | purchase or sale can be burdened with a lot of |
| As there are many options and add - cons you can | | | | technicalities or difficulties for obvious reasons. It's |
| get for these boats, however these can get very | | | | vital to use one of the standard forms available or |
| expensive if you do not properly plan and buy one in | | | | ask a marine solicitor to ensure the transaction |
| a hurry. | | | | proceeds smoothly and according to plan. |
| It is highly recommended that when you shop for a | | | | Other Factors To Take Into Consideration |
| yacht, you always should plan out your budgets | | | | Whether you're buying the boat from the owner or a |
| before starting to look for one. A nice boat may be | | | | yacht broker, which acts like an estate agent acts |
| quite expensive, which is something probably need to | | | | for the seller, the most important factors to consider |
| save up for. These types of boats are great for | | | | are the overall condition of the yacht; whether or not |
| sailing, particularly for those who have a lot of money | | | | the Value Added Tax (VAT) has been paid, and |
| to spare. | | | | whether the seller actually has, or is given the right |
| Buying A New Yacht | | | | to sell that particular boat. Unless the boat is being |
| If you're rather inclined on buying a new boat, this | | | | bought as part a restoration project or the buyer is |
| process should basically be a fairly straightforward | | | | well aware of its actual state, the advice is to always |
| process, just as much like you would view a new car, | | | | enter into an agreement that is "subject to survey" |
| and making a decision to buy and then entering into | | | | within the terms of the contract. |
| an agreement with the builder or distributor. | | | | |