How do I choose a yacht broker to sell my vessel? How do I come across the correct yacht broker to sell my yacht? These are questions that you as a vessel owner might ask when it is time to sell your boat. In my transactions with sellers, I find that most, if not all of them had no idea when deciding on the brokerage to represent them. Their preference was made arbitrarily it seems. When you are ready, you need to find a decent yacht brokerage that you can trust. Some of the points that you should ponder are honesty, value and ability.
A yacht is a huge expenditure and numerous people prefer to buy one from a yacht brokerage. A brokerage sells boats to interested parties for a commission. Clearly, before you consider which one to go with when selling, you will need to be familiar with the commission amount that they charge; it is a standard 10% in the business.
Obviously, you want to look for honesty in a yacht broker. No one desires to do business with a dishonest person in any manner, but some people are extremely dishonest without seeming to be. Investigate the history of the brokerage and ensure that there are no complaints filed against them. The brokerage should be competent when it comes to knowing how to price your yacht. Your yacht brokerage should have a good feel of the market and how much to value your boat.
Always look for skill in a yacht brokerage. They should have been in the industry for some time. The longer, the better, clearly as this indicates they're able to stay in business. They will not only have the ability to sell your boat at a decent price, but also have the ability to come across the perfect yacht if you are looking to acquire another one from a broker.
In order to find the top yacht brokerage, you must shop around. Speak to several people until you get at ease with one. Request and call up references. Never do business with a brokerage that is assertive or insists that you sign a contract that you do not comprehend. These legal documents are binding. If you do not understand the listing agreement, seek legal counsel. In addition remember that buying a vessel is similar to purchasing a home. You will want to screen the organization as you would a home brokerage firm.
Here are some questions to pose while searching for the best yacht brokerage. Use this list to establish which Broker is best for you. I have included my answers to each question.
Do you co-broke with other Brokers who might have a buyer that could purchase my boat? Can I obtain it in writing? It is in our listing agreement; we constantly co-broke with other Brokers. If you cannot get it in writing the broker is more worried about his commission; you could potentially lose out on a deal.
How accessible are you going to be to me, buyers and other Brokers? We make phone calls regularly to other Brokers and wait to hear back from them. My Blackberry and laptop are at all times on; you can contact me if you need to; buyers can too!