Generally from what I have researched, it should contain the following:
- Contingent on a successful survey This should cover hull, electronics, plumbing, engine and generators. Reserve the right to back out should anything major show up.
- Contingent on successful financing Even if you do not need to finance the boat, use that clause to get out in any event.
- Ask for full tanks Probably will be turned down, but worth a try!
- Acceptable Sea Trial to Buyers complete satisfaction
- Define a deadline on offer
- Put down a decent down-payment (10-15%) You want the seller to know you are serious, also when a broker has a check in his hand he/she will work very hard at closing the sale.
And last, but not least, dont fall in love with the boat. Don't become emotionally attached to it. There are many many more boats available. Not becoming emotionally attached permits you to make a low-ball offer with the expectation to not be accepted the offer.
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