ACQUIRING A RESIDENCE Q. How do I safely acquire a Residence on a Cruise Ship?
• Identification of a Dwelling Unit – Study the information on our web sites – www.nwdir.com. Print a copy of our brochure or web pages that pertain to what is available and ask a lot of questions. We believe our principal responsibility is to give you information about any aspects of this very significant purchase. • Escrow Agency – Our background includes many years of real estate property sales and management. Like Real Property, we use a closing agency to protect the parties. Simply put, we put the documents in escrow – you put money in escrow – the Closing Agent exchanges title and documentation for property for the money. • Due Diligence – After the deposit of funds and before the closing you will have an opportunity to investigate the purchase, obtain legal and accounting advice, review the documents, inspect the ship. Inspecting the ship is not always convenient or possible. In this event you will have an opportunity to revise your selection later and even have a ‘recapture’ of
