| We often don’t take much pain while selling our | | | | - Give an advertisement yourself. |
| boat as compared to what we took while buying it. | | | | - Talk to a local dealer. |
| We spend so much time to buy the rightly priced | | | | - Take help of a marine blue book. |
| boat but without understanding the market trends, | | | | |
| we just slap a price without thinking twice if we are | | | | |
| selling off our boats at the throw away prices. While | | | | Where and When To Sell |
| at times some boats are really undervalued, the | | | | You may sell off your boat on your own, through a |
| others are over prized. They even eat up plenty to | | | | yacht broker or trade it. The selection of method |
| put in a classified ad in a local daily. | | | | depends upon the size of the boat and majorly by |
| Thus, it’s always beneficial to sell off your boat | | | | value as well. Small boats usually have to be managed |
| in a methodical manner. It has the following benefits: | | | | on your own. However, large boats like a yacht can |
| - You will get a good prize for your boat | | | | be sold off through a broker as well. This is so as it |
| - The efforts you have to put in will get minimized | | | | involves lots of negotiations and paper works which |
| automatically | | | | cause a lot of pain. So it’s better to sell them |
| Setting a price for your boats involve four main | | | | through a broker. |
| criteria: | | | | The right time to sell off your boat is the beginning |
| - Setting a right price | | | | of the boating season. This is the time when you can |
| - Understanding how to sell | | | | make good money. |
| - Prepping | | | | Dealing with Brokers |
| - Paperwork | | | | There is no difference between a real estate agent |
| Pricing | | | | and a yacht broker. They take commission upto 5-10 |
| If you have priced your boat too low, you are | | | | percent. If you can bargain with them, you will end |
| always at a loss financially. Similarly if you have priced | | | | up getting a better price for your boat. It’s |
| your boat too high, then too it’s a waste as you | | | | advisable to go for a licensed broker only. |
| would not be able to get an appropriate buyer for | | | | Prepping Your Boat |
| your boat. No matter if you own a yacht in Kayak or | | | | You get a better price for a maintained and clean |
| a small boat keep the following points in mind: | | | | boat. So investing into getting it scrubbed and |
| - Cross check classified ads to get to know how | | | | greasing will help you a lot. You may even get it |
| much is the resale value of a similar boat as yours. | | | | polished with wax. |