The whole process of selling a boat in Georgia, from deciding on signing the bill of sale, is not that hard and can be described in a few simple steps.
Step 1
The first step of selling a boat in Georgia is fixing and cleaning your boat or vessel. It seems to be obvious, but many people tend to forget these simple actions and, as a result, struggle with the selling.
Step 2
During the second step of selling a boat in Georgia, you have to prepare all the documents you will hand over to a new owner or need during the negotiations. The most important documents are the title of ownership, manual, and specification. Also, do not forget about all the state-issued documents regarding the boat.
Step 3
The third step in selling a boat involves including to the deal all the attachments you may no longer need. For example, there is a chance that after selling the boat, you will no longer need the trailer you used to transport the boat inland. So, why not include it in the sale proposal? It might enhance the chances of a successful sale.
Also, in this step, do not forget to advertise your selling proposal, create ads on specific websites, and make posts on social media. Also consider making the old-fashioned paper announcement.
Step 4
When you finally find a potential buyer, try to negotiate the right price with them. Buyers always try to cut down the price, so it may be a wise strategy to ask for a price that’s more than the market average and, during the negotiations, cut it to a reason for both parties.
Step 5
The final step in selling a boat consists of filling the boat bill of sale. Transfers of ownership over expensive objects like cars or other vehicles in Georgia almost always require writing, filling, and signing a Bill of Sale. Selling a boat is not an exception. To change the owner of a boat, you need to complete a Boat Bill of Sale Form.
You can do it after the buyer and the seller agree on the price and all other necessary conditions of the dead. In the form, you have to write down the following information:
- Date of sale
- Seller’s personal information
- Buyer’s personal information
- Price
- Boat information (registration number, condition, etc.)
- Date and signatures of both parties
It is also important to mention that a new owner of the boat, as mentioned in the bill of sale, has to send or bring the bill to the Georgia Department of Natural Resources. The new owner will also be required to pay state fees.