Originally Posted by saltwaters
I might be selling my boat. It's documented. I believe the seller will need to transfer the Coast Guard documentation. What is the safest method of payment?
Cash from his pocket to yours
As a Seller you just need to make sure the wire is in and clear before signing anything over to the Buyer..... As a Buyer - they may want a title company to handle the transaction... All depends on you guys...
I have only purchased 2 documents vessels - and had an escrow/title company handle the details... I am sure others will say thats a waste of money - I probably agree...