Closing the sale of my boat ???
09-13-2006 | 11:55 AM
#21
Registered
Joined: Sep 2003
Posts: 7,775
Likes: 1
From: San Francisco CA
Re: Closing the sale of my boat ???
Originally Posted by Sydwayz
FTM are stand up folks. As with any marine business, they have had their share of ups and downs, and PO'd customers; but I don't think they are trying to pull one over.
you said the same thing about goodt...
09-13-2006 | 01:29 PM
#24
Registered
Joined: Jan 2001
Posts: 4,367
Likes: 1
From: BRENTWOOD, TN
Re: Closing the sale of my boat ???
Originally Posted by Raypanic
I dont think so either but it's not how I have learned to do a transaction like this.
She wants me or my broker to fly there for a saturday closing. Even this would not work because the funds would not transfer until monday. And a Cashiers check would take a few days.
She wants me or my broker to fly there for a saturday closing. Even this would not work because the funds would not transfer until monday. And a Cashiers check would take a few days.
09-13-2006 | 01:37 PM
#25
OSO OG
Joined: Feb 2004
Posts: 7,030
Likes: 2
From: Blue Martini Hall of Fame
Re: Closing the sale of my boat ???
Originally Posted by Playn
Why would you have to go anywhere? You really shouldn't have to be lifting a finger to get this deal done. Funds to be wired in full to Attorney, then Attorney overnight the title and distributes funds to seller and commissions to brokers.
09-13-2006 | 01:46 PM
#26
Registered
Joined: Sep 2001
Posts: 1,759
Likes: 1
From: In your driveway while you sleep
Re: Closing the sale of my boat ???
WHAT????
I am a broker and have been doing this for a LOOOOOONG time.
Lets make this easy considering your broker has already lost control of the deal (Sorry, its true!).
1. Have your Broker go to the bank and open up an escrow account in the name of the Buyer-Seller and The Boat (Use Hull ID if need be) with instructions to release funds upon receiving receipt.
2. Have all of the money wired into this account for the buyer or buyers broker.
3. Make copy's of everything you are about to send.
4. Have YOUR broker make his own copy's and send them to the buyers broker with receipt.
5. Upon receiving receipt go to the bank and get your money.
6. Make your broker squirm for his now 5% considering you had to protect yourself.
Protect yourself.
I have NEVER had a client loose money, but I have offended allot of people making sure they didn't!
I am a broker and have been doing this for a LOOOOOONG time.
Lets make this easy considering your broker has already lost control of the deal (Sorry, its true!).
1. Have your Broker go to the bank and open up an escrow account in the name of the Buyer-Seller and The Boat (Use Hull ID if need be) with instructions to release funds upon receiving receipt.
2. Have all of the money wired into this account for the buyer or buyers broker.
3. Make copy's of everything you are about to send.
4. Have YOUR broker make his own copy's and send them to the buyers broker with receipt.
5. Upon receiving receipt go to the bank and get your money.
6. Make your broker squirm for his now 5% considering you had to protect yourself.
Protect yourself.
I have NEVER had a client loose money, but I have offended allot of people making sure they didn't!
Thread
Thread Starter
Forum
Replies
Last Post
Formula Outlaw
General Boating Discussion
25
05-04-2004 10:58 PM
Jamie B.
General Boating Discussion
11
07-15-2002 10:23 PM
