Notices

What Typically Goes with the boat in a sale?

Old 06-18-2019, 05:45 AM
  #1  
Junior Member
Thread Starter
 
Join Date: Aug 2008
Location: Falmouth, MA
Posts: 22
Likes: 0
Received 2 Likes on 1 Post
Default What Typically Goes with the boat in a sale?

Hey Guys...I am under contract to sell my boat. What is typical to leave on the boat for the new owner? There is nothing in the contract that identifies any inventory. The buyer got a little nit-picky so I plan to be fair but not generous. Thanks as my broker seem to want me to leave my lines, fenders (oversized, fleece covered) and a CG kit. Thanks.
Old 06-18-2019, 05:51 AM
  #2  
Senior Member
 
Join Date: May 2012
Posts: 272
Received 71 Likes on 47 Posts
Default

Usually there is a section in the contract of what is included, where you can make an itemized list. If the contract says nothing I would assume nothing.
Old 06-18-2019, 05:58 AM
  #3  
Senior MemberCaptains Club Member
 
Join Date: Aug 2007
Location: Back for good in the Sailfish Capital
Posts: 1,951
Received 146 Likes on 85 Posts
Default

Whatever is stipulated in the purchase agreement. There is no standard. Can be everything including a dock space or nothing at all; just hull, motors, electronics, and anything bolted to the hull.

If you are the buyer or the seller CYA and get it / put it in writing. This manages expectations and keeps everyone happy.
Old 06-18-2019, 05:59 AM
  #4  
Admirals Club Admiral's Club Member
 
Join Date: Jul 2011
Location: Boca Raton
Posts: 2,237
Received 915 Likes on 514 Posts
Default

In our purchase agreement, the seller and I (buyer) agreed to list out the life jackets, fenders, dock lines, and safety equipment.
Old 06-18-2019, 06:10 AM
  #5  
Senior Member
 
Join Date: Jan 2017
Location: League City, Texas
Posts: 109
Received 141 Likes on 64 Posts
Default

/\ /\ /\ /\ /\ /\ /\
What they said.
Entirely up to you if not specified in the contract and not attached to the boat.
You can be what you see as fair or keep what you'd like to have on the next boat (Fenders, lines, etc, etc) or a little of both
Fourth option is to assume nit-picky buyer is treating people as he would like to be treated and nit-pick your ass off
Old 06-18-2019, 06:38 AM
  #6  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2014
Posts: 493
Likes: 0
Received 26 Likes on 20 Posts
Default

Other option is to consider that the buyer assumes the sale of the boat includes all equipment on the boat except for personal items. I am sure the contract doesn’t specify a motor but obviously the motor would be included. So the question might be-do you want to blow a sale for a couple hundred dollars worth of accessories?
Likes:
Old 06-18-2019, 11:35 AM
  #7  
Senior Member
 
Join Date: Mar 2015
Location: Eufaula, AL
Posts: 1,562
Received 158 Likes on 103 Posts
Default

what you see is what you get if there is no explanation prior to the sale
Likes:
Old 06-18-2019, 01:42 PM
  #8  
Senior MemberCaptains Club Member
 
Join Date: Jul 2007
Location: westchester ny
Posts: 2,879
Received 213 Likes on 134 Posts
Default

Whatever was there when the buyer saw the boat unless you said something to the contrary that day.
Likes:
Old 06-18-2019, 03:19 PM
  #9  
Admirals Club Admiral's Club Member
 
Join Date: May 2014
Posts: 570
Received 124 Likes on 83 Posts
Default

I agree with the others about whatever the agreement says is what is included and if nothing has been written un, then it is just the hull and items such as motors and electronics that are physically attached to the boat, the only loose items that would be included are things that are integral to the operation of the boat or its systems like wireless remotes for lights/autopilot/radio/etc and keys. This would especially be the case if the boat was shown by the broker while still being in service by you vs on a lot or blocked up in a yard. Woth a broker involved I'd assume you were not present when they saw the boat so you don't know for sure what was promised or told to them by the broker about the contents of the boat but it's not your problem either, it's the brokers and he can buy them some lines and fenders and safety equipment if he told them those things would come with it.

You can also think about it from this perspective as well, if the sale agreement doesn't include any named items be included, then by the time the new owners take possession of the boat and find out those things are not there, the sale will have closed and you will already have your money and their only reasonable and legitimate repercussions will be as unhappy customers of the broker.
Old 06-18-2019, 05:28 PM
  #10  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2015
Location: Richmond VA
Posts: 1,009
Received 447 Likes on 245 Posts
Default

Here's another perspective. If your boat is a constructive total loss, and your insurance company pays you policy limits, then the boat belongs to the insurance company and all "boat equipment" goes with it. Electronics, life jackets, flares, anchors, dock lines, etc. You only get to remove "personal equipment." Fishing tackle, linens, dishes, foul weather gear. Tools can go either way. If it is required to operate, navigate, or maintain the boat then it is boat equipment and goes with the boat. So "lines, fenders (oversized, fleece covered) and a CG kit" would go with the boat.

Looks like your broker screwed up here and didn't write a very good contract. Perhaps you should suggest that the broker give up a little $$$ to make everyone happy.
Old 06-18-2019, 06:04 PM
  #11  
Senior Member
 
Join Date: Apr 2010
Location: Southern California
Posts: 2,681
Received 613 Likes on 315 Posts
Default

Originally Posted by kicker30 View Post
I agree with the others about whatever the agreement says is what is included and if nothing has been written un, then it is just the hull and items such as motors and electronics that are physically attached to the boat, the only loose items that would be included are things that are integral to the operation of the boat or its systems like wireless remotes for lights/autopilot/radio/etc and keys. This would especially be the case if the boat was shown by the broker while still being in service by you vs on a lot or blocked up in a yard. Woth a broker involved I'd assume you were not present when they saw the boat so you don't know for sure what was promised or told to them by the broker about the contents of the boat but it's not your problem either, it's the brokers and he can buy them some lines and fenders and safety equipment if he told them those things would come with it.

You can also think about it from this perspective as well, if the sale agreement doesn't include any named items be included, then by the time the new owners take possession of the boat and find out those things are not there, the sale will have closed and you will already have your money and their only reasonable and legitimate repercussions will be as unhappy customers of the broker.
Disagree, any boating equipment essential to the safe operation of a boat not specified as personal is a part of the sale.
Old 06-18-2019, 06:32 PM
  #12  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2012
Location: Palm Beach County
Posts: 11,351
Received 2,442 Likes on 1,391 Posts
Default

I give it all to them. Then when you get a new boat buy all new stuff
Old 06-19-2019, 04:21 AM
  #13  
Senior Member
 
Join Date: Dec 2012
Location: Brookline, Ma.
Posts: 1,838
Received 1,049 Likes on 522 Posts
Default

When I sold my last boat, all that went was the Boat. When you purchase from a dealer, everything is extra...CG pkg, anchor, chain, rode, etc. I was pruchasing another boat, so I wanted it for the new boat. You pruchased it, you own it. I sold a boat, not a marine package as well.
Likes:
Old 06-19-2019, 04:35 AM
  #14  
Senior MemberCaptains Club MemberPLEDGER
 
Join Date: Jan 2005
Location: SC
Posts: 13,255
Received 8,811 Likes on 4,704 Posts
Default

I listed my last boat as "turnkey ready" and included a full compliment of lines, 4 PFD's, throwable, fenders, etc. Basically everything needed to be legal minus flares. Stuff was all in good shape, just wanted to start fresh on the next boat. Also seemed to help move it quick.

Doing that isn't standard or customary, but does have it's advantages when listing.
Old 06-19-2019, 09:31 AM
  #15  
Junior Member
Thread Starter
 
Join Date: Aug 2008
Location: Falmouth, MA
Posts: 22
Likes: 0
Received 2 Likes on 1 Post
Default

Thanks, guys. Nothing was listed. I am going to go with basic safety gear, two fenders, and 4 lines. It seems to be fair especially for a buyer who asked me to replace wiper blades.
Old 06-19-2019, 09:55 AM
  #16  
Admirals Club Admiral's Club Member
 
Join Date: Feb 2012
Location: San Diego, CA
Posts: 1,437
Received 117 Likes on 87 Posts
Default

Originally Posted by waytooslow View Post
So the question might be-do you want to blow a sale for a couple hundred dollars worth of accessories?
This stuff adds up quick. I'd say a thousand or two, not hundreds

Originally Posted by Sammylulu View Post
Thanks, guys. Nothing was listed. I am going to go with basic safety gear, two fenders, and 4 lines. It seems to be fair especially for a buyer who asked me to replace wiper blades.
That's what I would do.
Old 06-20-2019, 06:31 AM
  #17  
Admirals Club Admiral's Club Member
 
Join Date: Mar 2015
Location: Richmond VA
Posts: 1,009
Received 447 Likes on 245 Posts
Default

Let us know how this comes out. That is, any pushback at closing.
Old 06-20-2019, 06:37 AM
  #18  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2016
Posts: 3,035
Received 3,165 Likes on 1,417 Posts
Default

Just my $.02

I would leave what they need to be USCG compliant. Flairs, flare gun, orange life vests (i would take the nice ones), enough dock lines to tie up, anchor and line, any boat specific parts such as fuel filters and impellers, a few fenders, anything bolted to the boat such as fender holders, TV etc.

Dinghy and outboard are not typically included.
Likes:
dev
Old 06-20-2019, 06:38 AM
  #19  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2016
Posts: 3,035
Received 3,165 Likes on 1,417 Posts
Default

Originally Posted by Sammylulu View Post
Thanks, guys. Nothing was listed. I am going to go with basic safety gear, two fenders, and 4 lines. It seems to be fair especially for a buyer who asked me to replace wiper blades.
Sounds like this guy operates by waring people down. Do you want him chasing you after the sale?
Old 06-20-2019, 07:50 AM
  #20  
Senior Member
 
Join Date: Apr 2012
Location: Miami, FL
Posts: 1,896
Received 606 Likes on 371 Posts
Default

Originally Posted by waytooslow View Post
Other option is to consider that the buyer assumes the sale of the boat includes all equipment on the boat except for personal items. I am sure the contract doesn’t specify a motor but obviously the motor would be included. So the question might be-do you want to blow a sale for a couple hundred dollars worth of accessories?

I'm guessing the motor probably is identified in the contract and probably includes the VIN if an outboard but regardless it is bolted to the boat so it's not really in question unless explicitly excluded from the sale.

All I can say is that when I was shopping, I asked on every boat I was interested in what was included in the sale but it sounds like there was not discussion here.

I agree with the OP's plan of basic USCG required equipment, 2 fenders and dock lines.

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.