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Liquidation Center Listings | Bidding Process | Bid Form (PDF) | Contact Us

Liquidation Center Bidding Process

Visit the JBYS Liquidation Center to see our inventory available for bid. We recommend personal inspection of the boat you are interested in bidding on. Please contact us to discuss details and arrange a showing. No offers will be accepted without speaking with a Jarrett Bay Yacht Sales Representative first.
When you are ready to place your bid, print out and complete the Bid Offer Form. If there is more than one boat with the same make, model & year found in the JBYS Liquidation Center, please click on the desired Liquidation Center boat to retrieve and note on the bid form the unique Inventory Number found at the top of its details page. The Buyer must be at least 18 years of age.
Receipt of the signed official bid offer form, will be acknowledged by a Jarrett Bay Yacht Sales Representative. Faxing or transmitting electronically or verbally without acknowledgement does not constitute an offer. All offers must be signed and completed on the official Bid Offer Form; any verbal or unsigned offers will not be submitted.
Bids are closed according to the date indicated on the individual Liquidation Center listing at 4:00 pm Eastern Time. Offers are opened and the high offer on each vessel is submitted to the Seller (i.e. Bank, Agency or Owner) on the following morning. The Seller, at its sole option, may accept or reject the offer or make a counter offer. Responses typically occur within 48 hours.
All vessels are sold AS IS, WHERE IS, with no warranties, express or implied, as to condition or fitness for a particular purpose.
Upon verbal notification of acceptance of an offer, a 10% deposit will be required to move forward in the process. The balance due on the gross offer may be paid by cash, financing or bank wire transfer. No drafts, personal, company or certified checks or credit cards will be accepted for the gross offer balance due.
The buyer has ten (10) working days to complete any "conditions" as set forth and pay the amount due IN FULL. Failure to close the transaction within ten (10) business days after notice of acceptance may result in forfeiture of the deposit and the boat will be placed back into the next auction cycle.
Winning bidder must remove vessel from its location or make storage arrangements after closing. Storage charges will accrue at the standard rates applicable until the vessel departs.
The said vessel is being purchased free and clear of all debts, claims, liens and encumbrances of any kind whatsoever, except as noted hereinafter, and the Seller warrants and will defend that he has good and marketable title thereto and will delivery to the agent all necessary documents for transfer of title to the Buyer on or before the closing date. All transfer of title and USCG documentation is done by an outside firm, for an additional fee.
Sales and use taxes, if applicable on this purchase are the responsibility of Buyer and will be collected by the agent at time of closing.
Information on the vessel is believed to be good and correct and the AGENT offers such information in good faith, but does not and cannot guarantee the accuracy of the information. After the provisions herein have been compiled with and this transaction has been consummated, it is understood and agreed that the Buyer has accepted the vessel in its "as is" condition, and no warranty, either expressed or implied, and no representation as to the condition of said vessel has been or is binding upon Agent.