Escrow & Closing Services
Secure deposits, clear documentation, and professional coordination from offer to closing. Ideal for international buyers and FSBO sales.
Secure buyer deposits held in escrow
Escrow agreement signed by all parties
Clear closing statements and document handling
Why use Escrow & Closing?
Boat transactions often involve large sums, cross-border payments, surveys, and time-sensitive deadlines. VIYB's Escrow & Closing service provides a neutral, professional process that helps reduce risk, prevent misunderstandings, and keep deals moving.
What's Included
A professional, structured process designed to protect both buyer and seller.
Escrow account management for buyer deposits
Escrow agreement signed by all parties, governing how and when funds are released
Offer and deposit coordination with clear timelines
Contract preparation and execution support
Survey and sea trial coordination support (where required)
Closing statement preparation showing fees, taxes, and net proceeds
Document handling for bill of sale and ownership transfer
Funds disbursement coordination on completion
Pricing
Escrow & Closing costs are typically between 1% and 2% of the sale price, depending on the value of the transaction, the complexity of the deal, flag state of the vessel, and other considerations.
Fees can be at the buyer's expense or shared between buyer and seller as negotiated in the purchase agreement.
Full details and exact fee structure will be provided upon request based on your specific transaction.
How It Works
Enquiry and setup
We confirm parties, vessel details, and timelines.
Escrow agreement
All parties sign an escrow agreement outlining the release conditions.
Deposit received
Buyer funds the deposit into escrow for secure holding.
Conditions managed
Surveys, sea trials, and agreed conditions are tracked to completion.
Close and disburse
Closing statement issued and funds released in line with the escrow agreement.
Frequently Asked Questions
Ready to make your transaction secure?
Send an enquiry and we will confirm the process, fees, and next steps for your sale.