Oakland Michigan Offer to Purchase Boat

Category:
State:
Multi-State
County:
Oakland
Control #:
US-01076BG
Format:
Word; 
Rich Text
Instant download

Description

A contract is based upon an agreement. An agreement arises when one person, the offeror, makes an offer and the person to whom is made, the offeree, accepts. There must be both an offer and an acceptance. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Most reputable brokers will insist on this, as sales can be lost if it's not possible to provide this documentation in a timely manner. Once an offer is accepted, standard contracts for buying and selling boats make this a binding deal, although usually subject to a satisfactory survey and possibly a sea trial.

3.000 Fees FeeSold in an even-numbered year$10Sold in an odd-numbered year$15Nonresident vessel registrationSold or due in an even-numbered year$5724 more rows

3.000 Fees FeeSold in an even-numbered year$10Sold in an odd-numbered year$15Nonresident vessel registrationSold or due in an even-numbered year$5724 more rows

Just simply draft up a bill of sale from the original owner and sign it (both of you) to transfer this to your name. If you don't have any documentation and the boat has never been registered, you can still bring in the Hull ID and whatever documentation you have about the boat (a photo, for instance) and register it.

If a titled boat is sold by an individual, the seller must complete the transfer section on the back of the title in the presence of a notary public before presenting it to the buyer.

Sales and use taxes for boat purchases in California can range from 7.5 to 10 percent, according to BoatUS. The taxes do not end once you assume ownership of your new or used boat.

Effective 07/04/2002, Ohio law requires all watercraft to have a 12-digit hull identification number before it can be titled. An outboard boat and outboard motor will have two separate titles. Inboard or inboard/outboard boats have one title describing the boat.

Vessel registration renewal is required every two years on an odd-numbered year. A California boat registration renewal notice is sent to a boater by mail within 60 days before the date their current registration will expire.

In Ohio, a bill of sale is not required in order to sell a vehicle. However, you may need a bill of sale for vehicles that are imported or were purchased out of state. While many states require a bill of sale as part of the vehicle purchase and registration process, Ohio does not.

Selling a Boat, Outboard Motor or Personal Watercraft The signature of the seller must be notarized. The seller is also required to assign the Ohio Watercraft Registration Card to you. No registration is required for outboard motors.

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Oakland Michigan Offer to Purchase Boat