How To Sell A Boat – A Comprehensive Guide
Everything you need to know before selling your boat
Whether you’re trading in your boat and upgrading to the latest model, fancy trying something new, or a change in circumstances means you need to put your boat on the market, here is an overview of how to sell your yacht quickly and for the best price, with the least hassle possible.
Our knowledgeable yacht brokers are available to guide you through the boat selling process and address any additional queries you may have.
Please reach out to your nearest Ancasta Office to discuss your specific requirements.
Use a yacht broker to sell your boat
You may wonder why you should sell your boat using a yacht broker. Professional and qualified yacht brokers understand the whole boat selling process and will make the procedure from placing a listing to completing a sale as stress-free as possible.
Benefits of Using a Professional Yacht Broker:
Yacht brokers leverage the latest industry data to determine a fair market value of your vessel, ensuring a timely sale with a fair return.
Yacht brokers create a tailored marketing strategy, utilising the best promotional channels to reach an engaged audience for your boat.
Advice on Preparing Your Boat for Sale
Additionally, brokers provide guidance on preparing the boat for sale, suggesting improvements, addressing potential issues, and coordinating upgrades and repairs.
When negotiating a price, an experienced yacht broker will be invaluable. They serve as a mediator, facilitating negotiations between you and the buyer to ensure a successful sale.
Paperwork and Transactions
Yacht brokers have the professional know-how to ensure all the correct documentation for the boat is in place for a smooth and successful transfer of ownership.
By using a client account, a yacht broker will keep the proceeds of your boat sale secure throughout the transaction, protecting both you and the vendor.
Set a Price for Your Boat
Establishing a fair price for your yacht is very important. If the price is too high, you'll probably put buyers off; if it's too low, you risk missing buyers looking for quality. The key is to offer good value. To do this, speak to one of our qualified yacht brokers who can review the latest industry data, assess the quality of your yacht, and establish the fairest market value for your boat.
Promote Your Boat
If you want to sell your yacht quickly, you’ll need to get it seen by as many buyers as possible. But it’s not just about reach; you also require your boat to be viewed by the right people – people looking for a yacht like yours.
Our professional brokers can create a marketing plan for your boat, including:
- Advertising via appropriate media channels including online boat portals
- Targeted customer mailings
- High-quality photos to draw people in for a closer look
- 360 videos to help bring it to life, especially for distance buyers.
- Used boat shows
Prepare the yacht’s paperwork
Ensure your yacht’s paperwork is in order before beginning the sales process. Documents such as the certificate of ownership, security agreements, safety licenses, VAT receipts, and bills of sale will be required to transfer ownership of the boat. If you have trouble locating any of these items, contact your local Ancasta yacht broker, who will be happy to help you organise everything.
Complete the Boat Bill of Sale
You’ve successfully agreed on a price and have a buyer for your yacht! Congratulations! But the sale isn't wrapped up just yet; the last part of the process is to complete all the paperwork and the boat bill of sale. If you have recruited a yacht broker, they will create a purchase agreement for both parties to sign. Then, they will draw up the title transfer, oversee the completion of the sale, manage funds via a secure client account and organise a mutually agreeable handover date and location.