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jrc · 10-04-2006, 11:51 AM

I just contarcted to buy a slip, for my own use. Here's my findings:

- How is maintenance handled?
All buyable slips are condos. The condo association will handle most maintenance through yearly (monthly?) condo fees. Some major repairs and improvements may causse them to collect a special assessment above and beyond the regular fees. I've seen regular fees range from about $800 to $1500 a year.

- Do real estate agents broker these sales?
Yes, many are listed on MLS, check under land. Many are private sales check the classified here, at the marina web sites and the paper bulletin boards at the marinas.

- Will getting a mortgage be difficult?
I used private financing so I have no opinion.

- How is value (sale price) established?
Like all real-estate by what the market will bear. Some important points are location, slip size, marina amenities, finances, and rules (esp. pets)

- Property taxes?
The towns tax these just like everything else, on their market value.

Any thoughts, advice, things to be sure to consider, etc. would be very much appreciated

Make sure you can fit a boat in the slip. Go to the marinas and see the intangibles. The market is in transition now, be careful.

10-04-2006, 11:51 AM	#3
jrc Senior Member Join Date: Apr 2004 Location: NH Posts: 2,689 Thanks: 33 Thanked 439 Times in 249 Posts	I just contarcted to buy a slip, for my own use. Here's my findings: - How is maintenance handled? All buyable slips are condos. The condo association will handle most maintenance through yearly (monthly?) condo fees. Some major repairs and improvements may causse them to collect a special assessment above and beyond the regular fees. I've seen regular fees range from about $800 to $1500 a year. - Do real estate agents broker these sales? Yes, many are listed on MLS, check under land. Many are private sales check the classified here, at the marina web sites and the paper bulletin boards at the marinas. - Will getting a mortgage be difficult? I used private financing so I have no opinion. - How is value (sale price) established? Like all real-estate by what the market will bear. Some important points are location, slip size, marina amenities, finances, and rules (esp. pets) - Property taxes? The towns tax these just like everything else, on their market value. Any thoughts, advice, things to be sure to consider, etc. would be very much appreciated Make sure you can fit a boat in the slip. Go to the marinas and see the intangibles. The market is in transition now, be careful.