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Ocean House Marina Brokerage Process Breakdown

Evaluation

  1. Ocean House Marina will determine if the prospective seller’s boat fits into the company’s product line.
  2. Our sales team will review service records that our dealership has on record.

Inspection

  1. If the boat has not been serviced by Ocean House Marina within the past year, a $400 survey will be assessed. All consignment boats undergo inspection. The inspection includes the following:
    • Record & check all information of boat, motor, trailer, including serial and VIN numbers
    • Perform engine survey which includes checking gear oil
    • Engine downloads, compression test and overall appearance of motor 
    • Check all gauge operation, checking all components/switches for proper operation
    • Checking all cushions, canvas components for condition 
    • Checking overall structure of boat and record any defects
    • Checking all rigging components, drains, hoses, mounted accessories
    • Trailer inspection of tires, bearings, lights and main frame of trailer
    • Also includes launching boat and performing sea-trial and record all data

Valuation

The Ocean House Marina appointed Listing Broker will determine a fair market value for the boat. This is determined using a NADA appraisal & a soldboats.com comparative sales analysis.

Ownership Documentation & Listing Distribution

  1. Ocean House Marina’s Sales Coordinator will be in touch to collect necessary paperwork. Our Sales Coordinator will also explain our brokerage process in detail.
  2. A listing agreement will be drafted via YachtCloser (an online brokerage platform) & will be sent to seller(s) for electronic signature(s).
  3. Upon receipt of a signed listing agreement and all requested documentation, the sales department will take photos of the boat & create a listing. The listing will be visible on the following platforms:
    • Ocean House Marina Website
    • YachtWorld
    • Boats.com
    • BoatTrader
    • Social Media Platforms

Reaching a Deal & Boat Closing

  1. All communications from interested prospects will be directed to Ocean House Marina. Showings will also be conducted by the Ocean House Marina sales team.
  2. Once a serious offer is extended, the offer will be communicated to the seller for negotiation or acceptance.
  3. When an agreement is reached, Ocean House Marina will complete and process all closing paperwork. A formal closing will be provided for the seller. At this point, the seller will be required to sign a bill of sale & the back of the title(s) to process registration/transfer ownership.

Sale Proceeds

Proceeds will be disbursed to the seller within 2-3 days of Ocean House Marina receiving the funds in full.

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