| Unknown to the spotlight of political, fashion, food | | | | luxury yachts would be of advantage too. Brokerage |
| and entertainment industry, the luxury yacht industry | | | | pages usually found in Marine magazines is one place |
| have grown tremendously in its own silent realm. | | | | to start off. |
| Back in 1993, there had only been 700 boats sized | | | | After finding the right broker, setting the price is the |
| over 24 meters, now an estimate of 7000 yachts | | | | next crucial step to make. You must take caution |
| over 24 meters are reported to be in use. It is | | | | with it because this highly determines how fast or |
| currently a $25 billion international industry with an | | | | slow you are going to sell. It is wise to study how |
| annual growth of 5-10%. | | | | prices are going for the market you are aiming for |
| Certain events like the 9-11 attack on the World | | | | and the broker's fees should be considered too. |
| Trade Center, stock market crashes, threats of | | | | Setting prices sky high could be a disadvantage if you |
| SARS, and dollar devaluation, had completely no | | | | really want to sell in pronto, while inverse would be |
| effect on this market segment. The business has | | | | opportunity lost for you. Flexibility in negotiating is the |
| grown steadily for the past years despite of the | | | | key for you to maximize the deal both in favor for |
| economical crises that have been hitting investors | | | | you and your client. After you have set the price, |
| and still marketing experts forecast that it would still | | | | your yacht is laid out in the market and comes face |
| continue to. | | | | to face with its perspective buyers. |
| A few reasons of the increasing trend in luxury yacht | | | | Just as in buying a car, clients would evaluate by |
| ownership and chartering would be due to the | | | | looking at beauty and the mechanical work of the |
| immense benefits the client gets in it. Foremost, | | | | machine. Especially, since luxury yachts are like a |
| people in off-shore residency could live tax-free in | | | | second home to its owners, the looks, style, and |
| the comforts of their yachts. It is also one way to | | | | furnishings should be appealing to the buyer. Since |
| spend retirements, not by feeling old in closed doors | | | | first impressions lasts, when prospects inspect your |
| but rather young and adventurous. And for the | | | | yacht make sure that everything is clean, polished |
| multimillionaires, it tops their list of most popular and | | | | and bright as a gem as you tour them around. Know |
| expensive activity they spend their excesses on. | | | | the mechanical and technical condition and make sure |
| In selling a yacht, the most efficient, easiest and | | | | it is in top shape. Showing off the facilities, special |
| safest way is by taking the first step of finding a | | | | gadgets, and tricks your yacht does will definitely add |
| broker. Brokers with multiple listing connections would | | | | on to its appeal. |
| be highly regarded. Finding one that specializes on | | | | |