We sell only bank owned repossessed boats.  The process is relatively simple.   We take the offer in writing with a deposit check and present it to the seller.  We do not take offers from multiple buyers at the same time on the same boat.  The seller will accept or counter the offer within a few days to a week, at which time we inform the buyer.

• Any offer on any boat may be made subject to survey (Marine or Mechanical) and Sea Trial, all at buyers expense.  Northeast Marine will only sea trial vessels 32' and over. A licensed USCG captain is required to perform a sea trial. 

• All surveys are to be performed only by accredited and insured  surveyors. Northeast Marine reserves the right, on behalf of the boat owner (seller), to approve or reject any surveyors and captains.  

• All offers must be accompanied by a deposit of 10% of the offer.  The deposit check will not be cashed until there is an agreed sales price.  If the buyer and seller do not come to an agreement on price, the buyers uncashed deposit check will be returned to them. 

• Once there is an agreed sales figure, the buyers 10% deposit will be deposited into Northeast Marine's escrow account. 

• After all provisions of the contract have been met, the 10% will be applied to the purchase price or refunded, depending on the survey results, as per the contract.  

• Buyer(s) are responsible for storage arrangements date of closing.  

• All sales are subject to a $100 Conveyance fee for non-documented vessels, $150 for documented vessels, and $75 for recreational vehicles from buyer, for paperwork.

• These vessels/vehicles are offered subject to prior sale, price change, or withdrawal without notice.