Making an Offer

Advice on Making an Offer on a Boat for Sale

Our first advice is that you sleep on your thoughts about what sort of offer you may wish to make. Once you decide you want to proceed you should then contact us and advise a figure and any conditions you may wish to place on the offer from the following:

Conditional on Survey

Conditional on Finance

Conditional on  Sea Trial (Although we normally find that what buyers really want is a familiarisation session with the boat and the previous owner/crew. This can be arranged but does not necessarily form part of the contract.)

OR – if you want to proceed quickly without any of the above, simply “As is, where is”. If Finance or Insurance is required then a survey will normally be a condition of the lender and/or insurer if the boat is more than one year old. Most marinas and yacht clubs also require proof of insurance and insurance is required for racing, mandatory in some countries and most marina’s. As such a survey is normally required in all cases. Nicolle Associates always recommend a “Pre purchase survey”.

There will often be a negotiation at this stage which in some circumstances can get quite complex and is not necessarily limited to price. The negotiation often includes things like additional inventory, timescales, delivery and even crew. The benefit of having us involved from an early stage soon becomes apparent; we will ensure that all negotiations are documented and where necessary written confirmation is provided between both parties.