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Repossessed Yachts, Distressed Boats for Sale | Yachts Invest
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For knowledgeable yachtsmen, these are often excellent deals to purchase a yacht. Our company has been in permanent contact with selected banks, leasing companies, law firms and private corporations or individuals who have become trustees of illiquid assets. These Sellers work with us in order to find the most effective way to sell seized, repossessed and distressed yachts.

Our program is not limited to bank repos, it also presents opportunities from leasing and other financial institutions, private owners urged to sell and boats in stock. Bank repossessed yachts and distressed boats may frequently be neglected and in questionable aesthetic and technical condition. In most cases, this is different from private sellers urged to sell or boats in stock, where you have someone who understands yachting in front of you.

Our main objective at YACHTS INVEST is to benefit the buyer and the seller, seeking always the best deal for both parties, and mostly by assuring a safe transaction and managing all the appropriate paperwork and formalities involved in buying or selling a bank repo or distressed boat.

In short, a comprehensive program for the whole process of purchasing or selling a financially distressed vessel. This safeguard is of especially critical importance to the buyer and seller and can be a potentially serious hazard in a transaction like this.

Some financial institutions may prefer to use an independent Law Firm or Notary Public as an escrow agent. The buyer is responsible for the appointment and payment of a qualified marine surveyor to inspect the boat. A sea-trial, also borne by the buyer, is necessary as the yacht may have been immobilized for a significant period of time.

The costs involved in survey and sea-trial are generally the manoeuvres of bringing the yacht ashore and back into the water, fuel, crew and sometimes careening, antifouling and anodes, so the boat performs adequately.

Some auctions occur yearly on the French Riviera in Cannes and Antibes. Other auctions are also held in Italy, Spain and Great Britain. How we Work Our main objective at YACHTS INVEST is to benefit the buyer and the seller, seeking always the best deal for both parties, and mostly by assuring a safe transaction and managing all the appropriate paperwork and formalities involved in buying or selling a bank repo or distressed boat.

The Bidding and Purchasing Process Help you identify and locate the yacht of interest. Objectively help you evaluate the condition of the boat. Organize and attend your inspection. Advise you on how to submit a bid in writing. Await response patiently, indeed this sometimes takes a few days since it often involves a committee decision from the Seller s. If your bid is accepted, a contract is drawn up, including formalities, fiscal and legislative compliance requirements.

The boat will then be surveyed and sea-trialled by a qualified marine surveyor, as appointed and paid for by the buyer. The surveyor s will then provide a written appraisal of the boat, engines, drives and other relevant components. If the survey report is acceptable, the sale will be completed as per the agreed terms on the sales contract. Auctions Many yacht Sellers Blue Water Yachts For Sale Uk Inc may also decide to liquidate a marine inventory through boat auctions. Cannes Yachting Festival Cancelled.

European Committee for Professional Yachting.

Final:

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