The Boat-Buying Transaction (BR Podcast 4)

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Now that you've found a boat want to buy, how does the transaction work? What about a loan? Survey? Insurance? Closing? Listen in!
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The Boat-Buying Transaction (BR Podcast 4)

Now that you’ve found a boat want to buy, how does the transaction work? What about a loan? Survey? Insurance? Closing?

What do you have to do? If you have a broker, what will they do? What about a documentation service?

Learn about the whole transaction process in this podcast.

Prefer to read? Click here: Boat Shopping.

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2 Comments
  • Prentiss Berry
    Posted at 14 September 2016 Reply

    One of the surprising things I found when contemplating buying a boat was the addition of sales tax. This is a considerable difference between buying in house. I’m sure it differs by state. Recently when looking at a rather expensive boat in Florida the broker told me there is a cap of $300,000 purchase price that is taxable which equates to $18,000 (a 6% rate) for sales tax that I hadn’t even considered.

    • Carolyn Shearlock
      Posted at 15 September 2016 Reply

      Yes, in that respect it’s more like buying a car. Unfortunately.

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