Yacht Brokers work like real estate agents.
They are agents with whom people consult to find and purchase a boat, and whom people hire to list, represent, and sell boats for them. Traditionally, the seller pays the commissions that a yacht broker earns – not the buyer. Yet, brokers have a duty to both buyer and seller in every transaction. Yacht Brokers often work closely with Boat Dealers, who represent new boat lines.
They often take “trade-ins” to facilitate the sale of a new boat. Dealers advertise their trade-ins, often at very good buys. Some dealers will refurbish the boat before putting it on the market. Some dealers offer a pre-owned boat warranty program, similar to the automotive industry, particularly in smaller craft. A good yacht broker is able to access these deals and offer them to potential buyers. Peace of mind.
Many boats have changed hands over the years without ever changing the license or registration, so provenance may be difficult to show. Is there a lien on the vessel? Will you be able to purchase insurance given your own boating experience? These are all potential issues that a broker help you avoid. Access Markets.
A good yacht broker will have worldwide connections and be familiar with purchases from around the globe. Stop wasting time.
When selling a boat, a broker will help sift through unqualified buyers, and when buying a boat, a broker will help you narrow in on which boat meets your needs. Your time is extremely valuable. We are here to make your experience as swift, easy and enjoyable as possible. A good broker helps to prevent emotional interactions.
Just as in real estate, dealings between buyers and sellers can easily turn into heated disputes. Brokers can provide dispassionate advice when pointing out potential flaws in boats to buyers and offering professional feedback on valuations. They also have experience creating legal offers that cover most contingencies and will be prepared for any issues that may arise. Financing options.
A broker often has access to great options if you decide you need to take out a loan. Read about our financing here.A yacht broker is worth it!
There is a reason we exist. We are here to make your experience smooth, fair, secure and, most importantly, fun. Boating should be about freedom! A broker is here for you, to take care of anything that might get in the way of just that.