Sell Boats - Not for the feint of heart
Disposing of your boat is a tough task, prior to you can ever even take action there are dozens of aspects to consider…
What is the value of my boat?
Should I really Sell?
Should I sell through a dealer?
How much is it going to cost me?
The majority of craft owner has these concerns and there are a few easy ways to locate the info that’s going to save you some time. Your first place to check is to identify what your boat is realistically worth. There are a few of sites on the internet that will let you price what your boats worth and they will help you draw some conclusions about what your asking price should be. A couple of things to research are: Age, condition, make, model, engine hours, and additional equipment and transport costs.
As situations ebb and flow it is imperative to pick whether you are in a strong or weak selling position, you should identify if people are currently flush with cash or they’re doing it tough it might not be a good idea to sell boat. If the institutions are not lending money you may find it hard to find a buyer at a good price, or any price at all. On some occasions you may be better to retain onto your boat for a few months so you can realise its optimum value.
Boat dealers and brokers usaully charge a 5% commission on most sales. However this minor problem is balanced out by the fact they often have pre-existing contacts of likeminded and interconnected brokers that will help you reach numerous markets in a short period of time. Furthermore many keep a registry of buyers who are actively looking for all kinds of craft and their target prices which could lead to a far quicker sale.
While most brokers charge 5% this does vary and it changes according to the level of service you receive. If your looking for an ad for your vessel to be placed with the majority of your brokers weekly advertising then don’t be surprised if you pay a little more, however if you are simply going to put your boat in the dealers yard and opt for a passive sale then the dealer may be willing to charge as little as 3%.
For help with sell boat or finding boats for sale visit BuyBoatsOnline.com.au