Who Pays For What

Story by Harris & Ellis / July 12, 2023

Author: Patricia and Grant Bowlby Yacht Brokers Harris & Ellis Yachts

In the purchase of a boat, it’s natural to wonder who pays for what costs. Here’s a rundown.

The Purchaser is responsible for the cost of the:

surveyor
marina haul-out for survey and re-launch if the boat is currently in the water
mechanical inspection
insurance coverage after the closing day
marina/yacht club fees from the closing date forward, unless otherwise specified in the agreement.
transfer of the registry. There is no cost to transfer a license.
Sales tax. This is not collected at the time of the sale but will be requested by the Ministry of Finance sometime in the future. Keep the funds available as you’ll have 20 days from the time of notification to submit the payment

The Seller is responsible for the cost of the:

insurance coverage on the boat until the Closing Day
cost to maintain the boat until the Closing Day
cost to prepare the boat for sea trial, including launching the boat if it was not in the water on the day of accepting the contract
marina/yacht club fees up to the Closing Day
the brokerage commission

Categories: Buying a Yacht, Selling a Yacht

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Testimonials

George Ayers was terrific to work with over the past few months as I evaluated, negotiated and purchased a CS 30 that Harris & Ellis Yachts had listed in Sarnia. He was patient, thorough and totally professional. I have owned nine sailboats in my 50+ years as a sailor. My experience with George and Harris & Ellis Yachts has been my best boat buying experience to date.

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George did an amazing job of selling our CS 30 sailboat. A caring and compassionate person, he went above and beyond our expectations and never stopped working on our behalf to get the job done. We are forever grateful for his dedication to his work. Please let him know how much we think of him!

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I am writing to express my deepest gratitude for the outstanding service provided by Greg. Last October, my husband suddenly passed away due to a heart attack, leaving behind two boats. Greg was instrumental in helping me sell the first boat quickly and at a very good price. As for the second boat, due to my husband's declining health in his final year, the boat had been sitting idle at the dock near our home for over a year. Greg demonstrated the utmost professionalism in cleaning, maintaining, and preparing the boat for sale. He put in a tremendous amount of work, understanding the niche market for this boat, and always kept me informed of his progress without burdening me with the stress of the process. Last week, Greg successfully sold the second boat, and I am very satisfied with the price achieved. His professionalism and confidence in his work gave me a much-needed sense of security during such a difficult time.

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Thank you for all your work in facilitating the sale of our dad's boat. Jake and I really appreciate all the hard work you put into it with the many visits, paperwork, etc. A special mention has to go out to Grant for teaching me how to fold the sails!

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As first-time boat buyers and as foreigners wanting to buy a cruising catamaran in the US, we knew we needed a reliable broker that had our best interests in mind. John Heintzman was just that, and more! He was extremely committed to understanding what we were looking for, gave great advice, and guided us through the purchase process with great patience and knowledge. All in all, we felt very well taken care of.

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I feel compelled to reach out about the absolutely wonderful experience that I have had with Grant and Patricia Bowlby. I completed the purchase of a boat yesterday and I couldn’t be happier. They were so helpful, kind, and patient. This was my first experience with a broker, and I think I’ve found the best.

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I can’t thank Ewan Campbell enough for the super job he did in selling G, making up for my lack of experience in this realm and patiently searching for just the right buyer and a win-win for seller and buyer alike.

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It was a wonderful experience selling A with Jeff Cole’s expert assistance. Thank you for simplifying a complicated process. Your patience and kindness are especially appreciated.

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I just wanted to thank Jeff Cole for all his hard work. He was very professional and effective.

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