What is a Yacht Broker?
What is a Yacht Broker?
When deciding to list your prized possession up for sale, its important to entrust a qualified professional. A yacht broker is someone who helps sell your yacht or represent you when purchasing a new yacht. Not only are yacht brokers up to date on the latest industry trends, they can also provide you with advice about the market, represent you in negotiations, and help with marketing your yacht.
When it comes to purchasing an asset as large and unique as a yacht, it's crucial to have a worry-free selling experience. After all, purchasing a yacht is a significant investment. A yacht broker will help with preparing the necessary documents and communicate with the buyer to get the deal done!
What to look for in a Yacht Broker?
When selecting someone to list your yacht, it is essential to consider their experience, resources, and integrity. It is crucial to choose a yacht broker who has a proven track record of successfully selling yachts and possesses an extensive network of connections to assist you in finding the perfect buyer.
Many yacht brokers also have an abundance of resources through their company. Many companies offer marketing assistance, including Google Ads, high end photography, search engine optimized sites and great venues to showcase a yacht. These resources, in combination with their connections, can help your yacht be sold more efficiently compared to others on the market.
Why do you need a Yacht Broker?
A Yacht broker will assist you in asking the essential questions to ensure that the yacht you are considering aligns perfectly with your vision and the true value of the yacht. A yacht broker can help you find a yacht and represent you in the purchase or they can represent you in selling your yacht.
1) Get the Facts - When you're in the market for a yacht and don't have a broker by your side, it's easy to overlook important questions that only a professional would know to ask. A broker can help identify those questions and dive deep into the facts of the yacht you have your eye on. A broker represents your interests and doesn't want a sugar coated version of how good this new yacht could be, they want the facts.
2) Negotiations - Having an intermediary provides a buffer and allows the deal to be facilitated smoother. If you head into negotiations without a broker, you could risk the deal altogether. You run the risk of undervaluing the price and potentially missing out on future counter offers, or overvaluing the price and not securing the best deal for yourself. The boat and yacht market is ever changing and while you might be very knowledgeable, a yacht broker truly understands the market, trends and value of the vessels.
3) It's just not that straightforward - Once the deal is confirmed, there are numerous intricate details that need to be addressed, such as drafting important documents, transferring titles, conducting thorough surveys, and performing sea trials. It can be quite overwhelming to handle all of these tasks on your own, which is why having a yacht broker by your side becomes invaluable. Why risk the deal by potentially making error that could cause a delay or even worse, the deal to fall through.
At Strong's Marine, we offer a wide selection of both pre-owned and brand-new yachts that are available for purchase. Strong's Marine is the exclusive authorized dealer for Cruisers Yachts in the states of New York, Connecticut, and New Jersey, as well as for Fairline in New York, Connecticut, New Jersey, and Rhode Island.
Our experienced yacht brokers can help you sell your yacht or purchase one of your own. With locations all across Long Island, Strong's Marine has great venues to showcase your yacht and the resources to promote your listing. Speak with one of our experienced yacht brokers and sales consultants to learn more about listing or purchasing a yacht at 631.791.6113.
