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Southern Motor Boats - Heart Of The Solent |
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Listing a boat
When somebody wishes to list their boat with us we do the
following:
Find out what type of boat, year and why she is for sale
along with where she is lying.
Also need to work out who is doing the viewings (as this
makes a difference to the brokerage fee). If we are doing
the viewings then we need to make sure that we will have
access to a key.
After the basic details have been taken we send out a brokerage
listing pack with contains:
For Sale Sign (to be used when the boat is in a different
marina to us)
Sold sign (promoting SMB)
Brokerage Listing Agreement
Inventory Sheets
Declaration of No Liens (showing there is nothing owing on
the boat)
Blank Bills of Sale (x2)
Listing pack letter
NOTE: There are different Brokerage Listing Agreements that
get sent out. Brokerage fee will have been decided before
listing pack gets sent.
We will always ask for actual pictures of the boat.
Once the inventory sheets have been
filled in and returned to us along with a signed listing
agreement the boat specification will be gathered together
on our systems and advertised ‘subject
to owners approval’.
The specification details are then sent to the owner for
confirmation that they are correct. The details should be
signed on each page.
Once the details have been confirmed then the boat will
be put live onto the Internet.
NOTE: We will always ask for original documents relating
to the boat when it gets near handover.
Selling a boat
When somebody is very interested
in a boat and it gets to the point that they make an offer
the offer is clarified i.e. what it is subject to – if
anything. After all information is gathered the offer is
put to the owner of the boat for acceptance or refusal.
If the offer is declined a higher offer needs to be put
forward if possible.
If the offer is accepted then a holding
deposit of £500/£1000
is usually taken if it is not possible to take full 10% deposit.
At this time a brokerage order form is signed by both the
purchaser and SMB sales person, which states the parameters
clearly. In addition to this a Sale and Purchaser Agreement
form is signed.
10% deposit is needed as soon as possible and definitely
before any surveys or sea trial takes place.
At this point if there is a survey or sea trial needed then
it is arranged.
If any problems occur as a result of either survey or sea
trial then the negotiation process starts. Through the whole
of this process the point of contact for both the purchaser
and vendor is the broker.
Once all has been decided the handover date is decided and
balance of funds transferred.
If there were no subject to’s or no problems found
as a result of the subject to’s the handover date is
decided straight away and balance of funds is transferred.
Before handover takes place all Original documents and other
boat documentation relating to the boat will be needed by
the broker so that change of title can be arranged.
At handover all paperwork is given to the purchaser with
an explanation of what it is.
Following handover the balance due to the vendor will either
be transferred electronically or a cheque will be sent (whichever
is preferred).
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