I have found a yacht in Greece that i like and i am thinking about putting in an offer to purchase. What's the next procedure?

Purchasing a yacht involves several steps to ensure a smooth and legally sound transaction. Here's a general outline of the next procedures you might consider after finding a yacht you like in Greece:

1. **Offer and Negotiation**: Contact the seller or their broker to express your interest and make an initial offer. Negotiate the terms of the sale, including the purchase price, any additional equipment or accessories, and the conditions of the sale.

2. **Acceptance of Offer**: Once both parties agree on the terms, the seller will accept your offer. This can be done verbally or in writing, depending on local practices and legal requirements.

3. **Purchase Agreement**: A purchase agreement or sales contract will be drafted. This document outlines the terms and conditions of the sale, including the purchase price, payment schedule, contingencies (such as surveys or sea trials), and other relevant details. You might want to involve a maritime lawyer to ensure the contract is legally binding and protects your interests.

Our first Yacht bought in Greece, 'Christina' a William Garden designed Teak Ketch, she made a perfect summer liveaboard.
4. **Deposit**: You'll likely be required to provide a deposit, often around 10% of the purchase price, as a sign of your commitment to the purchase. This deposit is typically held in an escrow account until the deal is completed.

5. **Sea Trial and Survey**: Before finalising the purchase, it's advisable to conduct a sea trial and hire a professional marine surveyor to inspect the yacht. This helps identify any potential issues with the yacht's condition, systems, and structure. If significant problems are found, you can use this information to renegotiate the terms or even withdraw from the deal.

6. **Financing and Documentation**: If you're not paying the full purchase price upfront, you might need to secure financing. Your lender will require documentation such as the purchase agreement, survey report, and possibly your personal financial information.

7. **Title Search and Documentation**: It's crucial to ensure that the yacht has clear title and is free from any liens or encumbrances. Your maritime lawyer or broker can help with this process. The seller should provide the necessary documentation, such as ownership documents, registration, and any relevant certificates.

Christina in the distance - first visit to Lipsi in the Aegean. 
8. **Closing**: Once all conditions have been met, including financing approval and satisfactory survey results, you'll proceed to the closing. This is when the remaining balance is paid, ownership documents are transferred, and the yacht officially changes hands. The closing can take place at a notary's office or through a maritime lawyer.

9. **Registration and Documentation Transfer**: The yacht's ownership and registration will need to be transferred to your name through the appropriate maritime authorities. This might involve paperwork, fees, and compliance with local regulations.

Ouzeria taverna in Lipsi and of course octopus! 
10. **Insurance**: Don't forget to arrange for insurance coverage for your new yacht. This is essential to protect your investment and cover potential risks.

Remember that the specific procedures and requirements can vary depending on the country, local laws, and the practices of the parties involved. It's recommended to work with professionals who specialise in maritime transactions, such as brokers, lawyers, and surveyors, to ensure a successful yacht purchase.

Is Your Yacht in Safe Hands While You're at Home?

Introducing Our New Yacht Remedial Works Management Service: Your Yacht in Safe Hands While You're Home

Owning a yacht is a dream come true for many sea enthusiasts. The thrill of sailing the open waters, the freedom to explore new horizons, and the luxurious experience it offers are unparalleled. However, like any valuable possession, yachts require regular maintenance and occasional remedial works to keep them in pristine condition. I understand that being away from your beloved yacht during these necessary repairs can be disheartening. But fear not! I am excited to announce my new service in Preveza and Lefkada Marinas and Boatyards, specifically designed to put your mind at ease while you're home.

The Yacht Remedial Works Management Service

My Yacht Remedial Works Management Service is tailored to cater to yacht owners who want to ensure their vessels receive the best care and attention, even when they can't be present during repairs or maintenance. I am dedicated to offering a comprehensive and seamless solution that guarantees your yacht remains in safe hands.

How It Works

1. Transparent Assessment: When you reach out to me with your yacht's maintenance requirements, I will conduct a thorough assessment of the necessary remedial works. I will provide you with a detailed report outlining the scope of the repairs, estimated timelines, and cost projections.

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3. Constant Communication: Throughout the entire process, I will maintain open lines of communication with you. I will keep you updated on the progress of the repairs, sharing photos and videos of the work being carried out, so you can witness firsthand the attention your yacht is receiving from the boatyards involved.

Your Peace of Mind, Our Priority

At Yacht-Surveys-Greece, we understand the emotional attachment yacht owners have with their vessels. My Yacht Remedial Works Management Service is not just about fixing what's broken; it's about preserving the essence of your yachting dreams. By entrusting me with the care of your yacht while you're home, you can enjoy peace of mind knowing that your investment is being looked after with the utmost dedication and professionalism.

Get in Touch

If you're planning remedial works for your yacht and want a reliable partner to manage the process on your behalf, reach out to me today. Let me take care of your yacht, so you can focus on creating more unforgettable memories on the open seas. My passion for yachts matches yours, and I'm eager to make this service the perfect solution for yacht owners like you.

Fair winds and smooth sailing!

Reviews: Throughout the project, Steve's communication was impeccable. He kept me informed every step of the way, providing regular updates on the progress and addressing any concerns promptly. His responsiveness and willingness to answer questions demonstrated his commitment to customer satisfaction. Mr. Barry Thomas.

Reviews: First and foremost, Steve displayed a deep understanding of yacht maintenance and repair. He meticulously assessed the issues and provided clear explanations of the required remedial works. This instilled confidence in me, knowing that my yacht was in capable hands. Mrs. Joy Cook.