Identifying and prioritizing your needs is a good place to start. Think about how and with whom you want to use the boat. Style is probably next. And then the pricing. When setting prices, it is important to take into account the purchase price, the delivery (for example. B the cost of installing the Ft. Lauderdale boat), taxes (for example. B import duties, business management), maintenance costs, operating costs, potential charter revenues and future resale value. Once the “Acceptance of the Ship” document is signed, the time and place of closure must be determined, and there are some papers to be done. We always recommend the services of a documentation or hedging company to keep funds in a trust account, process withdrawals, prepare closing documents (deposit search, sales invoice, closing statements), assist in importing and registering or licensing. Whether you are selling your family boat, a large motorboat or something in between, completing the transfer of ownership requires some paperwork. Know the requirements and have your files organized in advance so you don`t stop the final sale. The requirements are defined by transfer of ownership on the Transport Canada website.
Not all your notarized documents are always necessary, but it`s always a good idea. Maybe you are the owner of a boat and you want to sell your boat. Or you are a buyer who buys a boat from a private owner or on the secondary market. One way or another, there are steps you need to take so that you can conclude the transaction legally and register the ship properly. In Canada, all non-performing vessels are legally required to register with Transport Canada. If you do not register your vessel, this can result in heavy fines and disembarkation of your vessel. If you buy a boat or sell it to another owner, Form 6 is a voucher that you need to familiarize yourself with. This will allow you to complete the registration process. You`ve found the boat of your dreams… What are you doing? Remember that the real estate agent is there to guide you in buying/selling your boat and should advise if the offer is fair, the deposit is guaranteed and the financing approved and on site. The broker should also cover technical clauses that condition the sale of successful investigations, mechanical inspections and sea trials.
Assuming everything matches the surveys, the broker should discuss the details of the transaction and the delivery of your new boat. It is in everyone`s interest that the sale proceed smoothly and that all parties, both the seller and the buyer, are treated fairly. Form 6 is the Transport Canada form number that must be completed after the sale of the vessel is closed. This form serves as a sales invoice for the booking. It contains all important information about the owner or owner of the previous and new ship. The form must be completed and then sent to Transport Canada so that it can be registered. If you are the new owner of the vessel, the property registration cannot be transferred to you unless a sales contract is submitted to Transport Canada. Does the real estate agent know the strengths and weaknesses of the ship? Since so many types and varieties of boats are available, a broker should be informed of the basic design and capacity of most brands and models. Some models may appear under a different name, a technique that is mostly used by manufacturers outside of North America.
With a broker who can recognize the basic designs, a long way in saving you go time and money. Is the company a member of the BC Yacht Brokers Association? THE BCYBA has an established code of ethics that members must abide by.