Details of Sale

To Make the Details of the Sale Easy & Comfortable 

A Typical Deal:

  1. We make an offer not only to buy the boat, but we use to it to keep other people from buying the boat until we determine we want it! Contrary to popular belief, late model, clean boats that are priced right are hard to find.
  2. Once you decide on the boat you want and what you want to offer, we make the offer to the Owner.

Once the offer is accepted and before the survey you will wire the deposit (Sometimes it must be done at the time we make the offer).  Instead of using a Check for the deposit, which requires us to wait until it clears to send it back, by using a wire,  this  enables us to return your money right away if the deal doesn’t work out.   ( Besides we just don’t take checks)

  1. We tentatively arrange a surveyor, Captain, and a haul-out.
  2. Example: Lou Stahlberg charges $18.00 per foot 42-foot boat =$ 756.00
  3. Haul-out at South Texas Yacht Service $ 4.00 per foot 42-foot boat = $168.00
  4. If it needs a pressure wash $ 2.00 per foot 42-foot boat = $84.00
  5. Captain is usually $ 150.00 (Cash)
  6. We negotiate final deal.
  7. We start working with a closing agent to ensure that you are protected with USCG Abstract of Titles etc. . (this a Must Do, not a Recommend item)
  8. Don’t forget all boats sales have a 6.25% sales tax or use tax. The tax is capped $ 18,750.00 . A 6 million dollar boat is still $ 18,750.00 . Remember in Texas outboards and tenders are required to be titled and that costs extra .
  9. We do the survey: it starts early in the morning and then about 10:00 a.m. or 11:00 a.m. the boat is hauled out of the water.  The haul out will take about an hour.
  10. The boat is then re-launched, and the sea trial portion of the survey is done. You will go sailing. Normally you hire a captain. (I can help you with that).
  11. The sail usually lasts about an hour. The purpose is to put up sails, check the engine and generator underway and to let you see how the boat handles.
  12. Upon returning to the dock, the surveyor will finish checking everything else out.
  13. The survey takes a full day. When it is finished, you will know whether you want the boat.
  14. The boat is used, so normally there will be some things to be corrected or fixed, such as replacing light bulbs, fixing a bilge pump etc. If the survey shows a major repair that needs to be done, then depending on the price of the boat we can renegotiate. (If you have already gotten the seller to the lowest price he can go, effectively to the “last nickel, then we are at the “last nickel and there won’t be any more room to negotiate).
  15. Then we close.

LYS’s In House Closing Agent is a person I have known and worked with for 20+ years: Greg Alison 832-746-5702. greg.allison2@gmail.com

HELPFUL HINTS—YOUR COURSE TO A SMOOTH CLOSING

  • It is never too early to start thinking about your boat’s name.   It can be a more difficult task than many people imagine. 
  • Move money around, if necessary, for the funds needed at closing.  A wire transfer will be required.  If these funds are in a brokerage account or out-of-town bank, it can take a few days to wind up with good funds in your local account. 
  • Check into insurance.  While generally not a lengthy process, it pays to have at least make contact with an agent or two to obtain quotes and to know what else the agent will need from you to be able to bind the insurance for closing.

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Surveyors (in no certain order)

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Local Insurance 

Garrett Heck—garrett@insurancenavigators.com   or 281-333-3100

Dennis Onstott—donstott@epboatins.com or 281-326-2622

Scott Chauvin Allstate—scottchauvin@allstate.com  or 281-333-4148

Financing:

Greg Allison 832 746-5702 greg.allison2@gmail.com

Shana White 757 266-4600   mailto:shana.w@justboatloans.com

Documentation:

Carol Mathews Vessel Documentation

Greg Allison 832 746-5702 greg.allison2@gmail.com

Sailing Clubs and Yacht Clubs 

http://www.texasmariners.com

http://www.houstonyachtclub.com

https://www.lakewoodyachtclub.com/

Local Marinas

CLEAR LAKE:

www.watergatemarina.com  (floating and non-floating slips) 

www.waterfordharbormarina.com (where office is, all floating is the nicest, next door to Watergate)

http://www.portofinoharbour.com/ (all floating, close to the bridge)

http://www.seabrookshipyard.com/ (floating and non-floating close to the bridge)

http://www.southshoreharbourmarina.com/ (all floating but way up the lake)

http://www.kemahboardwalkmarina.com/ (all floating and the only marina on the other side of the bridge on the bay)

http://marinadelsoltx.com/ (all floating, cheaper, not as well maintained and shallow)

http://www.legendpoint.com/Amenities.htm  (a condo complex with slips, inexpensive but no floating)

http://www.baylandparkmarina.com/  (up near the Baytown Bridge, all floating)

–Private Yacht Clubs (membership required)

http://www.lakewoodyachtclub.com/  (on Clear Lake)

http://team.houstonyachtclub.com/ (up on the Bay, north of Clear Lake, 2 minutes and your sailing , mostly floating docks )

GALVESTON:  

City Harbor (pretty run down and has had no slips for some time)

http://www.galvestonyachtclub.com/  (AKA  Bob Smith Yacht Club/Basin-slips are rare)

http://www.harborwalkmarina.cc/  (west of Tiki Island on the ICW-all floating)

http://www.pelicanrestmarina.com/ (new marina on Offatts Bayou, very nice)

ROCKPORT:

http://www.coveharbormarina.com/ (new floating as well as covered floating)

PALACIOS:

http://www.campingfriend.com/serendipitybayresort/ (floating slips)

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Diesel Fuel Cleaning (Fuel Polishing)

Diesel Fuel Maintenance, Inc. 1607 W. Main • La Porte, TX 77571 281-842-8015 • Fax: 281-842-8025 • Toll Free: 1-888-812-6647 DieselFuel@sbcglobal.net

 

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HELPFUL HINTS—YOUR COURSE TO A SMOOTH CLOSING

  • It is never too early to start thinking about your boat’s name.   It can be a more difficult task than many people imagine.
  • Move money around, if necessary, for the funds needed at closing.  A cashier’s check or wire transfer will be required.  If these funds are in a brokerage account or out-of-town bank, it can take a few days to wind up with good funds in your local account.
  • Check into insurance.  While generally not a lengthy process, it pays to have at least made contact with an agent or two to obtain quotes and to know what else the agent will need from you to be able to bind the insurance for closing.