Use a Yacht Broker To Buy Or Sell Your Yacht
A Yacht is a serious asset to take on, it’s just like a piece of real estate, and in order to make sure that you are able to properly sell or buy one of these vessels you might want to consider calling in some professional help. Using a Yacht broker to buy or sell your yacht can be extremely important. What’s even more important is finding a skilled broker that is able to help you buy or sell a boat appropriately. A boat broker that is professional and certified will have a responsibility to their clients. They worked to handle the funds from the sale, they can assist with financing and they will complete due diligence on the vessel to determine if it has any outstanding liens or issues associated with it before the sale.
You can find yachts listed online and the vast majority of these listings are handled by brokers worldwide. Finding a broker that can point you in the direction of a yacht that’s going to be a good fit for you can be a better option. Without proper representation, you might find yourself in a situation where you simply have to transfer money to a sailing yacht broker. Having a yacht broker on your side is very important as a buyer.
Buying a boat without a broker can be extremely difficult as many yachts for sale regularly totaling hundreds of thousands of dollars. Most sellers would rather have a broker on both sides to ensure that the sale can be carried out smoothly and that both the buyer and seller are represented by a professional. There’s a lot of emotion in large-scale transactions for assets like yachts and having someone in your corner can be important for the negotiation process and for handling the purchase of a large asset.
A buyer’s agent will go through all of the professional data including proper book valuations, sold boat data, liens on the potential vessel, and help you through the process of a survey to make sure that the boat is ready for use. When you’ve narrowed down your options you’ll be able to get together your Marine financing and insurance options and get prequalified so that you’re ready for proper negotiation when you’ve made a decision on a yacht purchase. You’ll be responsible for paying the survey costs on any vessel but this is well worth it in the event that you could be facing major repairs after purchasing the vessel. Buyers brokers will make sure that all the paperwork is completed accurately and the surveys are done by proper professionals. By keeping the process of the survey and sales organized, a buyer’s broker can make sure you are able to get a better deal and more protection in your deal.
If you’re going to be selling a yacht it’s very important you have a broker working with you. It’s likely that selling a yacht will require marketing to a specialized market and a broker can make sure that you have somebody that is interested in selling your vessel. Privately selling your vessel will mean that you have to go down the Marina every time that somebody wants to look at the yacht and you’ll be the one doing the majority of the negotiation. A broker will allow you to use escrow accounts for your client funds which can increase the ease of comfort in the deal. Brokers can show you more about how you can prepare your vessel for sale and they will act as your representative and negotiator to help you command a top price for your yacht in the market.
If you’re interested in buying or selling a yacht you should contact us today.