Why You Should List Your Yacht for Sale with a Broker

The advantages of using a broker to sell your Yacht for sale

When looking to sell your yacht for sale, there are a number of factors should be considered if you wish to have a smooth sale. Boat seekers tend to look for yachts with sites that have yacht brokers as they give a sense of creditability to the site. In addition to the creditability that your listing gains from using a yacht broker, there are other advantages. Here are a few.

Exposure

One of the fundamental roles of the yacht broker for your yacht is to maximize the exposure on the market. This is obtained by listing your boat on a site which has high SEO and SERP. Additionally, this may include local print listings, advertisements, and such. Much like a real-estate agent, the yacht broker will focus on diversifying your listing to multiple platforms and listing services in order to maximize the targeted audience. The more exposure your yacht listing has, the more apt you are to see a sale.

The practical side of the argument is that when you list on a third party site, you are subjecting your yacht to viewers who may or may not be interested in a sale. Putting a for sale sign locally limits you to the local market. However, if you use a yacht broker, the market increases substantially, especially if the lister has a national or global reach. The target market becomes specialized to those seeking your product, and you save time and money by having someone list your boat for sale in areas which are frequented by those seeking to purchase the type of yacht you are offering for sale.

A filter for inquiries

The drawback to using a third-party site without a broker is that you are given the responsibility of handling all the inquires about the vessel. And while there may be some inquires which are creditable, there will also be a great number of redundant questions. Allocating time to answering every inquiry could be quite taxing. However, if you have a broker for your yacht, he or she will sift through the questions and comments to find those which are truly interested in investing in your listing. From these inquires, the broker will then address such comments and questions without bothering you unless needed. More so, when questions about the engine, the specifics about the brand, and other information arises, a reputable broker will be able to guide the person to information. If listed without a broker, you will need to provide such information to help sway the seller into negotiations.

Negotiations

Once you have a potential buyer for your yacht, the yacht broker will serve as the representative who will conduct the sale of the vessel. The broker will provide the proper documentation as well as sever as a middle man/woman in any negotiations which may be conducted between you (the lister) and the potential seller. As the broker is familiar with the market and the pricing of similar yachts in the area, the listing and selling price of the yacht has a higher probability of a higher ROI than if you were to just stick a for sale sign on the boat or list it within the local paper.

The legal advantage of having a broker is that all of the paperwork is covered. A reputable yacht broker will have the bill of sale, the warranty information (if such is in place), the terms of the sale, the receipt, the tag transfer, and such documents presented to the seller. Additionally, the yacht broker will ensure that the payment from the seller is valid. Unlike listing on a third party site where payment can be fraudulent as well as dangerous, using a broker typically entails a direct communication with the lending institution and a transfer of funds and assets which does not require “shady” meeting places and exchanges.

Finding a broker

Listing and selling a yacht is easy with Vessel Vendor. We work with yacht brokers in the area to help you get the most for your pre-owned yacht. When listing on our platform, you will find that we have an abundance of information for potential buyers, including boat, manufacturer, location pages, and maintenance and repair help.

Are you looking to list your yacht? Please look at our listing platform. Our system is designed to pair qualified buyers with sellers. Because our site is only oriented to boats and yachts, the SEO and the SERP of your listing will be higher on search engines, giving you a greater chance for a quicker sale.

Should you have questions about listing your yacht for sale, or if you would like more information about the services offered by Vessel Vendor, please fill out the appropriate form on our site and we will respond promptly.