Step 4 – Presenting the Boat to Buyersĭepending on the location of the boat, it can be a challenge to show to potential buyers. In either case, if the seller decides to list the boat on their own it’s best to use the following websites (5):īefore you even think about listing your boat online or with a broker, it’s a good idea to clean and brush up your boat, whether that’s by making cost-worthy repairs or by hiring a cleaning service to give your boat the best opportunity to sell. Most brokers will not accept a boat lower than this amount. Selling it Yourself – If the value is under $40,000 then it’s advised to sell the boat yourself. They will not only list it for the fair market value but also clean the boat and make it presentable to potential buyers. Hiring a Broker – Generally, if the boat will be selling for more than $40,000, then it’s best to hire a broker at a local marina. The first (1st) question to ask yourself is, “Do I need a broker?” Otherwise, a seller’s best bet is to look up what the exact make, model, and year of the boat is selling for in your market. In the chance you do not know the value, using give you a general range of what to look for. Most owners know, more or less, the value of their boat. This will most likely be the most difficult part of the process. Whether or not these items are included will determine the final value of the sales price depending on if it’s wanted by the buyer. When an individual decides to sell their boat he or she must decide what will be going along with the boat including, but not limited to, outboard motor(s), trailer(s), life jackets, and other gear. How to Buy/Sell a Boat (7 steps) Step 1 – Decide what You’re Selling Whether purchasing or selling a boat, a bill of sale must be included in the transaction.Ī bill of sale helps protect the buyer from accusations of fraud by showing proof of payment in good faith while also protecting the Seller if any problems are to arise after the sale.

By StateĪ boat bill of sale is used when you have made the decision to sell your boat and is one of the many essential documents needed to make the transfer of title successful. Therefore, it’s highly recommended the seller does not authorize a bill of sale until paid in full. Once signed, the sale becomes final whether or not the funds have been given to the seller. A boat bill of sale may be used for any motorized or non-motorized vessel and is required in most jurisdictions in order to register after purchase. A boat bill of sale is a document used to record the change of ownership of a watercraft.

Simple blank bill of sale