We sell only bank owned
repossessed boats. The process is relatively simple. We take
the offer in writing with a deposit check and present it to the
seller. We do not take offers from multiple buyers at the same time
on the same boat. The seller will accept or counter the offer within a few
days to a week, at which time we inform the buyer.
on any boat may be made subject to
survey (Marine or Mechanical) and Sea Trial, all at
buyers expense. Northeast Marine will only sea trial vessels 32' and over.
A licensed USCG captain is required to perform a sea trial.
are to be performed only by accredited and insured surveyors. Northeast
Marine reserves the right, on behalf of the boat owner (seller),
to approve or reject any surveyors and captains.
Once there is an agreed sales figure,
the buyers has 48 hours to sign a formal agreement with a 10% deposit.
After all provisions of the contract
have been met, the 10% will be applied to the
purchase price or refunded, depending on the survey results,
as per the contract.
Buyer(s) are responsible for storage
arrangements date of closing.
All sales are subject
to a $200 Conveyance fee from buyer, for paperwork.
These vessels are
offered subject to prior sale, price change, or withdrawal without