Most purchase and sale agreements stipulate that your deposit is due once the seller accepts your written offer. The amount is normally 10 percent of the contracted price, and typically, it must be received into the broker’s trust account within three business days.
Things can move surprisingly fast between making an offer and closing the deal.
That is the question, and it vexes all trawler lovers—especially at boat-show time.
PM’s brokerage expert Jeff Merrill explains how a maritime attorney can help you understand the legal aspects of trawler ownership.
Be as sure about financing and expenses as you are about the trawler you’re buying or selling.
Insurance shouldn’t be an afterthought. It should be a top priority in any trawler purchase.
Forget the 5 percent rule. You’ll give up many other things to pay the price, whatever it is. Love always finds a way.
There’s pleasure in any boating adventure, but for some, it’s better—and safer—to be able to get to your destination a little quicker.
Preparing your team and documents before making an offer on a trawler will save you time and hassles.
Compact Dehumidifier for Boats
Groundings often happen in the places we think we know. These are the reasons why.
This world-cruising expedition yacht is the result of an evolution that began in 2008 with the first Nordhavn 86.
Feeling queasy on the water happens to all of us. Here’s how to identify the early signs and counter them.
Conversations with the legendary lensman Onne van der Wal.
Nathan and Lindsay of the 71 Percent—the can’t stop, won’t stop power cruisers—completed a “wrong way” crossing of the Pacific Ocean.
An adventure aboard a 90-year-old ship brings the past to life.
A traveling boat’s toolbox is never full. Try to equip yours to handle any issues that might arise.
A small crew finds the adventure they wanted on a bucket-list journey to Greenland aboard a custom aluminum yacht.
AIS networks are a mighty addition to any onboard suite of electronics. They have significant value, but also limitations.
