Your better half has given you the head nod and with that, you've been 'propelled' into the boat market! Here are 3 tips to consider before making the purchase:
1. Ask for a condition-and-valuation survey. This is a trusted Consumer Protection marine survey that speaks to the condition and value of a boat. From the condition of the electrical system to the condition of the safety equipment, this document independently checks it all.
2. While not always required, insurance is essential. While only a few states require it, very few homeowners policies cover boats valued over $3K. Your 30-yr old son did just back into the mailbox with your golf cart. Don't risk it. Get insurance.
3. It's time to get related. Ask questions. If you're buying a used, treat it like a first date and get to know the history of your future boat soulmate. Who else has she dated? When was she last taken for a spin? How long has she been off the market? Why is she now available? Any problems? This could be a lifelong relationship! You have a right to know all the details...good or bad.