Alabama Boat Bill Of Sale – The Alabama Boat/Vessel Bill of Sale is a legal document used to facilitate the sale/purchase transaction of a boat or watercraft with warranty. Seller undertakes to protect Buyer’s property rights by signing this form of sale and purchase document. Notarization of this legal document by an Alabama notary public is required for its execution. Both buyers and sellers must sign this legal document in the presence of a notary public. You may choose to attach a copy of the vessel or vessel inspection report issued by a certified professional. Accurately provide all details of the financial transaction and description of the vessel or vessel.
This boat sales form has six salient sections and it is very important to fill them out correctly. Provide accurate vessel details. You may specify additional terms of sale (if any) in the space reserved for it.
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List the make, model, year of manufacture, type, hours, and serial number of the engine in this space. You can provide descriptive information about the engine.
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This space is used to refer to the description of the equipment installed on the boat/boat. You may choose to provide detailed instructions for deck equipment, sail and rigging equipment, electronics, safety equipment and navigation equipment in this space.
Select yes or no to have the boat/vessel inspected by a certified professional and attach a copy of the same. List any known defects on the ship in the following lines.
List additional terms of sale (if any), then proceed to sign the Alabama Boat/Vessel Sale form. Both buyer and seller must sign in front of a notary and enter their printed names after signing.
The last space is reserved for notarizing the signature of an Alabama notary public.
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The buyer must transfer the boat or boat registration described in the Alabama Sales Act to his/her county licensing commissioner or county licensing officer within 15 calendar days of purchase. There is no grace period for using expired registered vessels. The Alabama DMV requires an Alabama Vessel Sale and Purchase Agreement to be signed when purchasing or selling a vessel or vessel under Alabama jurisdiction. As a buyer, you will need this well-appointed document when registering your vessel or vessel’s title. You must request and obtain this document when purchasing a boat or vessel from any seller or individual. However, sellers must submit an Alabama Boat Sale form signed by the boat or the legal owner of the boat. This document is necessary to establish your ownership of the vessel. Likewise, you will need to provide proof of ownership with this form when applying for a transfer of ownership. You must apply for a transfer of title within fifteen days of selling the boat or vessel.
Please use this Alabama boat sales slip template to determine ownership of your recently purchased boat or vessel within Alabama jurisdiction. Before applying for a transfer of title, you must obtain a duly signed sales slip and proof of title. Please insist on an Alabama bill of sale before purchasing a boat, as this document is required by the DMV, Alabama and insurance companies.
The boat’s sales slip, along with the boat’s name, proves that a person is the rightful owner of the boat he’s buying. It states the type of vessel for sale, the names and addresses of the buyer and seller, the sale price of the vessel, and any other useful information the parties wish to include. It’s important to know that ownership is the true sign of ownership – the sales slip only reinforces the fact that the new owner legally acquired the title.
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How to Sell a Boat “The two happiest days of a boat owner’s life are the day they buy the boat and the day they sell it”
While this is a joke among boat owners, there is quite a bit of truth to the above statement. Follow this guide to make your sales moments special:
When looking for boats for sale, buyers often gravitate towards those that require little or no maintenance. Not to mention a clean, gleaming boat that will set it apart from the competition.
Should you rent? Not necessarily, although this could be a full or multi-day process, depending on the size of the boat and the number of staff. That said, professional boat repairers often provide a level of cleanliness that weekend warriors struggle to achieve. According to KelleyMobileDetail, professional marine detailers can cost anywhere from $8 to $40 per foot. But keep in mind that if the seller is going to detail his boat himself, he will need to factor in the cost of purchasing cleaning supplies (if he doesn’t already own it).
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Easy to say, hard to do. However, there are some resources that can make the process easier. Use the NADA guide to understand the basic value of this boat. Be honest with the questions he asks. While all boaters like to think their boats are in good or excellent condition, only a few actually earn this mark. Often, the best way to determine if a boat is a good value for money is to search online for selling prices for boats of the same make, model, year and condition (see step 3 on recommended sites).
Sellers can list their boats for sale online (the best option), place their boats in high traffic or vehicular traffic, and/or buy ads in newspapers and other types of media. Online advertising is the most recommended option because it attracts a wide range of buyers at a relatively low cost. Recommended boat listing sites include:
Once the listing goes live, buyers start asking about the boat, often asking to see it in person. The effort sellers want to put into showing them is entirely up to them. For particularly expensive boats, it is common to take the boat on a test drive. This shows potential buyers that the boat is in good working order and that sellers are confident in their offer. Once buyers are interested in buying, negotiations can begin. Before negotiating, the seller should determine in advance the lowest price he is willing to accept. This currency wall can help sellers know when to let go and reduce their chances of failing due to overheated selling.
Buy and sell orders can be filled by either party, but are usually filled by the seller as they are more familiar with the vessel being sold. You can get the sales invoice form in any of the following ways:
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Regardless of the option the seller chooses, the following information needs to be entered on the form:
After payment is settled, the original sales order should be provided to the buyer. Copies can be made for other parties if desired.
At the top of the first page (page 1), enter the buyer and seller names. Usually there is only one buyer and seller, but for example, if the purchase is made by a married couple, two (2) names may be written. Under the name, write the date, month and year when the sale ends. Under the date, write the total amount ($) paid by the buyer for the boat, trailer and/or engine.
Depending on the product sold to the customer, one (1) or all of the checkboxes should be checked. For example, if the customer purchased a boat without an engine, only the first box should be checked. However, if the boat has a trailer and two (2) engines, all checkboxes should be checked.
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Finally, if one (1) or more “Engines” are tagged, you will need to enter the following for each engine:
For each option selected, enter the price the customer paid for each option. The sum of all additions should equal the amount entered in step 1.
At a minimum, buyers and sellers will need to sign their names, enter the date they signed, and write their printed name. However, if they want additional evidence that they both signed the form, they may allow up to two (2) witnesses to see
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