A clause for post survey negotiations should be included. You should know exactly which equipment is included. You may want to make the sale subject to financing. In some cases, when selling one boat and buying another you may want to make the purchase subject to the sale of your other boat. Financing the boat has consequences that go well beyond the avoidance of cash outlays.
Tax laws allow for the deduction of interest on certain loans.
Financing a boat also means complying with the many requirements of a lender. For example, a lender may require that a yacht be kept at a marina and be covered by hull insurance. But someone with a free mooring contemplating the purchase of an old boat may not be interested in complying with the requirements of a lender if such requirements would make yacht maintenance unreasonably expensive. For a more detailed discussion of ship mortgages, please refer to the chapter on the purchase and sale of vessels. The difference between state registration and Coast Guard documentation is meaningful only for certain uses of a yacht.