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The steps to buying a yacht...

We help make it easy! Most of our clients live elsewhere and so we are old hands at working for you through the purchase process. We not only know the boats we are selling very thoroughly but we are completely up front about what we know of them. We also know the best of the resources in the BVI and can put you in contact with the professionals who can help you make your decision.

Here are the typical steps to purchasing a boat:

BVI Yacht Sales Ltd. image

BVI Yacht Sales Ltd. image You have found the yacht that you were looking for on our web site and asked us any questions that you can think of that we didn’t cover (though we try to be as thorough and complete as we can!). We have answered your questions (sometimes by going to the boat and measuring or checking things, often taking digital pictures of requested areas which speak for themselves) with everything that we could determine (which can be considerable – none of us are marine surveyors but we have an impressive number of combined years experience in the boating industry). You like what you hear and are ready to make an offer to purchase…

Should you choose to come and view vessels or collect the boat that you have purchased, you may require a VISA.

www.visahq.com

Is a website to see your restrictions if you need a VISA to enter the British Virgin Islands given your citizenship.

BVI Yacht Sales Ltd. image

BVI Yacht Sales Ltd. image You fill a standard Yacht Brokers Association of America 'Purchase and Sale Agreement'. This contract is short and simple at only 4 pages, but covers all the bases such that it is the most used agreement in this part of the world. You will specify all of the items you want your offer 'subject to', such as marine survey, sea trial, personal inspection. Then you need to print, sign, and send it back to us via Fax or scan to Email. At this point, you will need to send the 10% deposit to our escrow account. If you decide against the purchase, your deposit is fully refunded less a standard bank wire transfer fee. Once we have received a formal signed offer, we proceed to present your offer to the seller for their acceptance or rejection. If there is a counter-offer, which we try to minimize by encouraging both parties to a reasonable and fair price in the first place, we negotiate until an offer is accepted!

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BVI Yacht Sales Ltd. image You choose a surveyor (a marine survey is highly recommended - we can supply a list of surveyors) and choose whether to have the survey done before you come to see the boat or be present while the survey is happening and the sea trial, if you chose it, (you will need to have completed all of your 'subject to' items by your Acceptance Date that you wrote in the P&S agreement). Meanwhile, we are checking on clear title and other important details. You like what you have found and decide you are going to purchase the yacht…

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BVI Yacht Sales Ltd. image At this point you will need to send the balance of the purchase price to our escrow account where it will be held until closing day (usually 7 - 10 days after your acceptance). Meanwhile we get the bills of sale to the seller for notarized signature and they will get them back to us by closing.
It’s Closing Day - you receive the bills of sale, the keys and possession of the yacht you always wanted!
REMEMBER: There are NO TAXES in the B.V.I when purchasing a boat!

 
 

BVI Yacht Sales Ltd.

Nanny Cay Marina
Nanny Cay, British Virgin Islands VG1110

Toll-free 877-279-9415
Tel (284) 494-3260
Fax (284) 494-3535
Email Us
Nous avons un broker parlant Franais.

http://www.yachtworld.com/bviyachtsales


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