Why Use A Professional Yacht Broker to Buy a Boat?
Reasons to purchase a boat through a yacht broker
Find out the benefits of using a professional yacht broker to help you buy a boat…
Custom Yacht Search
On initial enquiry, a professional yacht broker will work on your behalf, listening closely to determine if the boat you have in mind is the right one for you. They can also tell you whether or not it represents good value. They will be extremely well informed about the current market conditions and be familiar with similar boats and recent sale prices. They will also be able to advise on what offers the vendor may accept.
Paperwork
A professional yacht broker will be familiar with ALL of the paperwork needed to check that the boat has a clean and unencumbered title, including the paper trail to show payment of VAT where appropriate.
Ownership Finance Options
Your boat broker will be able to advise on the best course of action should you wish to apply for finance that may assist you with some extra leverage when negotiating prices. They will also possess sound knowledge on marine insurance, surveys, VAT and offer recommendations for specialist marine lenders.
Intermediary
A yacht broker can use their position as an intermediary to keep the negotiations between yourself and the seller moving towards a successful conclusion, even in the event of unforeseen problems. They will also recommend local training centres should you wish to further your boating knowledge.
Client Account
As mentioned above, a professional broker will use a client account for your funds, and ensure that, on completion of the purchase, any existing loan or other encumbrances are paid off. This safeguard is absolutely imperative to both yourself and the vendor. This is where it all has the potential to go seriously wrong in private transactions which do not involve an ABYA trained professional.
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