{"id":344,"date":"2020-06-26T03:55:59","date_gmt":"2020-06-26T07:55:59","guid":{"rendered":"http:\/\/kermitinspiration.com\/?page_id=344"},"modified":"2025-10-22T10:16:43","modified_gmt":"2025-10-22T14:16:43","slug":"sales-forms","status":"publish","type":"page","link":"https:\/\/www.yachtsite.com\/sales-forms\/","title":{"rendered":"Yacht Sales Forms"},"content":{"rendered":"<style>\nh1.entry-title { display: none; }\n<\/style>\n<div class=\"join join-vertical lg:join-horizontal shadow-md rounded-md\">\n<div class=\"join-item bg-base-200 p-10 lg:w-1\/2 flex flex-col gap-4 lg:py-25\">\n<span class=\"text-4xl font-bold text-left text-balance\">Yacht Sales Forms<\/span>\n\n\n<p class=\"wp-block-paragraph\">If you need sales forms, we have downloadable PDF forms on this page.  We did not write these forms and offer them as a courtesy to facilitate the sales process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first form could be used as the Purchase and Sale Agreement and is editable online.  It is sometimes called the &#8220;Offer&#8221; form.  In coordination with the Purchase and Sale Agreement, there are three other forms which determine if the Buyer wants to go forward with closing, renegotiate based on survey items, or cancel the deal.<\/p>\n\n\n\n<ul class=\"list wp-block-list\">\n<li class='list-row'><a href=\"http:\/\/yachtsite.com\/files\/PSA-FSBO.pdf\">Yacht Purchase and Sale Agreement<\/a><\/li>\n\n\n\n<li class='list-row'><a href=\"http:\/\/yachtsite.com\/files\/Acceptance-of-Vessel.pdf\">Acceptance of Vessel<\/a><\/li>\n\n\n\n<li class='list-row'><a href=\"http:\/\/yachtsite.com\/files\/Conditional-Acceptance-of-Vessel.pdf\">Conditional Acceptance of Vessel<\/a><\/li>\n\n\n\n<li class='list-row'><a href=\"http:\/\/yachtsite.com\/files\/Rejection-of-Vessel.pdf\">Rejection of Vessel<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The below forms are to help you do closing paperwork.  The most important is the formal Bill of Sale used to transfer your yacht&#8217;s title.  We found this version on the United States Coast Guard website, and offer it here.  Also included are a dinghy bill of sale, warranty of title, and a Florida Power of Attorney.<\/p>\n\n\n\n<ul class=\"wp-block-list list\">\n<li class=\"list-row\"><a href=\"http:\/\/yachtsite.com\/files\/cg_bill_of_sale.pdf\">Coast Guard BILL OF SALE&nbsp;<\/a><\/li>\n\n\n\n<li class=\"list-row\"><a href=\"http:\/\/yachtsite.com\/files\/Dinghy-Bill-Of-Sale.pdf\">Dinghy BILL OF SALE<\/a><\/li>\n\n\n\n<li class=\"list-row\"><a href=\"https:\/\/yachtsite.com\/files\/Seller-Warranty-Boat-Title.pdf\">Warranty of Title<\/a><\/li>\n\n\n\n<li class=\"list-row\"><a href=\"https:\/\/yachtsite.com\/files\/Florida-POA-Vessel.pdf\">Florida Power of Attorney<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">If you are more comfortable using a marine documentation company to handle paperwork, we can provide inexpensive escrow and documentation service.  Prices will vary depending upon where the yacht is registered and where you want your new registration but start at around $1,500.00 USD for escrow and documentation services.  Please inquire for a quote via <a href=\"https:\/\/www.yachtsite.com\/start-escrow\/\">our escrow inquiry page<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We also provide a full service contract, escrow, and closing management service. This service is a premium level that includes all the title agent work mentioned above as well as a transaction coordinator and expert in marine contracts. Please again see <a href=\"https:\/\/www.yachtsite.com\/start-escrow\/\">our escrow inquiry page for additional information and a form to apply<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are purchasing or selling in the State of Florida, then the below pamphlet from the Florida Department of Revenue may help you determine any tax implications of the sale. We can help you qualify for the 90 day or 180 day sales tax exemption if you use our closing services. If you are a non-Florida resident buying a yacht located in Florida, our services offer tremendous value. <a href=\"https:\/\/www.yachtsite.com\/start-escrow\/\">Please contact our team<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/yachtsite.com\/files\/Florida-Boat-Sales-And-Use-Tax.pdf\">Florida Boat Sales and Use Tax Educational Pamplet<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If your yacht is for sale in the USA and you have concerns about US Customs, Duty, and Importation, these are two customs agents who you can contact for advice and services.  Recent US policy changes have increased the both the liablity as well as risk of enforcement.<\/p>\n\n\n\n<ul class=\"wp-block-list list\">\n<li class=\"list-row\"><a href=\"https:\/\/howardsreederinc.com\/\">Howard Reeder<\/a><\/li>\n\n\n\n<li class=\"list-row\"><a href=\"http:\/\/www.jpreynolds.com\/\" data-type=\"URL\" data-id=\"http:\/\/www.jpreynolds.com\/\">JP Reynolds<\/a><a href=\"https:\/\/yachtsite.com\/reference\/catamaran-importation-explained-by-custom-broker-jay-reynolds\/\" data-type=\"URL\" data-id=\"https:\/\/yachtsite.com\/reference\/catamaran-importation-explained-by-custom-broker-jay-reynolds\/\">Educational video \/ article from Jay Reynolds<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">We did an interview with William Coates below at Offshore Risk about yacht specific marine insurance. If you are US based, I would also reach out to <a href=\"https:\/\/www.statefarm.com\/insurance\/boats\">State Farm<\/a>.<\/p>\n\n\n\n<ul class=\"wp-block-list list\">\n\n\n<li class=\"list-row\"><a href=\"https:\/\/www.yachtsite.com\/reference\/factors-that-affect-catamaran-insurance-rates-with-william-coates\/\">Interview with William Coates<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">For financing if you have US military participation in your family, we find <a href=\"https:\/\/www.usaa.com\/inet\/wc\/bank_loan_boat_main\">USAA<\/a> is easy to work with and willing to partner with us in doing the escrow and title transfer.<\/p>\n\n<\/div>\n\n<div class='join-item p-10 lg:w-1\/2 lg:py-25 flex flex-col gap-4'>\n\n<span class=\"text-2xl font-bold uppercase text-left text-balance\">Steps for Purchasing a Vessel<\/span>\n\n\n<ol class=\"wp-block-list list\">\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30\">Visual Inspection of Vessel<\/strong><p class=\"list-col-wrap md:row-start-auto\">Primary visit without trial of vessel or machinery. In some cases an offer is made subject to visual inspection, survey, sea trial.<\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30\">Offer<\/strong><p class=\"list-col-wrap md:row-start-auto\">Accompanied typically by 10% earnest money deposit in negotiable funds to be held by an escrow company such as a title agency or <a href=\"https:\/\/www.yachtsite.com\/start-escrow\/\">our in-house escrow service via this link<\/a>.  Typically deposit is wire transferred within three (3) business days of Seller and Buyer agreeing to and signing a purchase agreement. Written contract is submitted with acceptable contingencies (i.e. sea trial and\/or survey, etc.). <a href=\"http:\/\/yachtsite.com\/files\/PSA-FSBO.pdf\">Yacht Purchase and Sale Agreement<\/a><\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30\">Counter Offer<\/strong><p class=\"list-col-wrap md:row-start-auto\">Negotiations proceed through a (possible) series of offers and counter offers.  These are usually verbally done without specific paperwork needed to be filled out.<\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30\">An Acceptable Price<\/strong><p class=\"list-col-wrap md:row-start-auto\">Having been negotiated, both parties endorse the contract with signatures.&nbsp;<em>10% deposit must be cleared funds in order to proceed further.<\/em><\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30\">Sea Trial<\/strong><p class=\"list-col-wrap md:row-start-auto\">Is conducted usually at Seller&#8217;s expense, often en-route to the survey site.<\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30 -row-start-2! md:row-start-1!\">Survey<\/strong><p class=\"\">Is conducted at Buyer\u2019s expense. Costs vary, however, $30.00 per foot, plus $7.50 per foot for hauling out, is an example rate. Your can search online or ask friends for qualified surveyors, as well as insurance companies, marine yards, etc. The survey must meet the Buyer\u2019s approval. There is no other standard by which the vessel passes survey other than the buyers own approval.<\/p>\n<ol class=\"wp-block-list list list-col-wrap\">\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold\">Acceptance of Vessel<\/strong><p class=\"list-col-wrap\">Resulting from satisfactory survey and sea trial. <a href=\"http:\/\/yachtsite.com\/files\/Acceptance-of-Vessel.pdf\">Acceptance of Vessel<\/a><\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold\">Conditional Acceptance of Vessel<\/strong><p class=\"list-col-wrap\">Based on survey and\/or sea trial (deficiencies).  Possible re-negotiation of price or repairs dependent on the severity of deficiencies.  <a href=\"http:\/\/yachtsite.com\/files\/Conditional-Acceptance-of-Vessel.pdf\">Conditional Acceptance of Vessel<\/a><\/p><\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold\">Rejection of Vessel<\/strong><p class=\"list-col-wrap\">Refund of deposit to buyer. <a href=\"http:\/\/yachtsite.com\/files\/Rejection-of-Vessel.pdf\">Rejection of Vessel<\/a><\/p><\/li>\n<\/ol>\n<\/li>\n\n\n\n<li class=\"list-row\"><strong class=\"text-balance text-left font-bold md:w-30\">Closing<\/strong><p class=\"list-col-wrap md:row-start-auto\">Transfer of documents and title upon receiving balance of funds.  Please see above for marine documentation agents and sample forms for do it yourself paperwork.<\/p><\/li>\n<\/ol>\n\n\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Yacht Sales Forms If you need sales forms, we have downloadable PDF forms on this page. We did not write these forms and offer them as a courtesy to facilitate the sales process. The first form could be used as the Purchase and Sale Agreement and is editable online. It is sometimes called the &#8220;Offer&#8221; form. In coordination with the Purchase and Sale Agreement, there are three other forms which determine if the Buyer wants to go forward with closing, renegotiate based on survey items, or cancel the deal. The below forms are to help you do closing paperwork. The most important is the formal Bill of Sale used to transfer your yacht&#8217;s title. We found this version on the United States Coast Guard website, and offer it here. Also included are a dinghy bill of sale, warranty of title, and a Florida Power of Attorney. If you are more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-344","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/pages\/344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/comments?post=344"}],"version-history":[{"count":72,"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/pages\/344\/revisions"}],"predecessor-version":[{"id":209330,"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/pages\/344\/revisions\/209330"}],"wp:attachment":[{"href":"https:\/\/www.yachtsite.com\/wp-json\/wp\/v2\/media?parent=344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}