About Buying a Boat
What is the procedure?
Once you have visited and decided that you'd like to buy a boat listed on this site, drop us a line with your offer which we will pass onto the vendor. If this is accepted we'll draw up a sales and purchase agreement which establishes the terms for the next stages of your purchase.
This document is designed to protect both vendor and purchaser from the worst excesses of what can happen between an accepted offer and final exchange.
Once the documents are signed and a 10% deposit paid the purchaser may go ahead with a survey and, if agreed, a sea trial. Within a fixed period the boat may then be accepted, rejected or the price re-negotiated based on any new findings.
If rejected the purchaser will have their deposit returned less any costs incurred as a result of the survey, relocation of the boat etc.
If accepted a date for handover will be agreed and the balance paid to the client holding acount. Once we have cleared funds in the dedicated client holding account the transfer of title will take place & all documents and keys be handed over.
If we find a way to circumvent the broker, why shouldn't we do that?
Well, I think that question is probably based on the general perception that brokers do nothing, so why should they have any money for it?
Our defence would be that it isnt the case. You can see for yourselves the work and thought that has gone into creating this website. Each boat is visited by one or two of our agents and carefully photographed including a virtual tour. The agent (commission based) will then return to the boat numerous times, either to conduct viewings, or just to check on it if they are in the area.
In addition to this, and to a buyers own direct benefit. We will draw up a sales and purchase agreement to provide an agreed framework for the delicate stages between accepted offer and final exchange. We will ensure that the correct title documents are produced and handed over along with historical paperwork, and give advice on the latest legislation relating to VAT and RCD on second hand boats.
Most importantly we will make sure that the funds are transferred securely through a dedicated client holiding account approved by the BMF.
And last but not least we will give the buyer(s) a complimentary years offshore membership of the RNLI.
Everyone who works at Western Horizon Yachts owns and has bought and sold boats through brokers in the past, and so are familiar with a customers perspective. We strive to use this knowledge to ease the process of buying & selling however we can.