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Sell your boat with the help of a yacht…

It is highly convenient to count on the collaboration of a yacht broker. yacht broker when you do not have the time or the dedication necessary to carry out the the sale of a boat.

If you do not wish to assume these responsibilities, the easiest way to do so is to contact a yacht broker to help you with the sale of your boat.

The yacht brokers focus on achieving a successful and satisfactory transaction for both parties, buyer and seller.

These specialists offer a wide range of services, from advice on setting the most appropriate price for your boat for sale, to complete administrative management.

It is common for yacht brokers specialize in a particular type of used boats, either by geographical area or by length.

How to sell your boat with the help of a yacht broker

Selling a boat can be a difficult and tedious task, especially if you have no experience in the industry. If you are short on time or prefer not to handle the sale of your boat directly, you can seek the help of a yacht broker to ensure that the process runs efficiently and successfully.

In this article, we tell you everything you need to know about how to sell a boat with the help of a yacht broker.
selling a boat with the help of a yacht broker.

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What do yacht brokers do?

Yacht brokers are experts in the sale of boats, as they are dedicated to promoting and protecting the interests of their boat owning clients. These intermediaries act on behalf of the seller and agree on a series of services and conditions in order to sell the vessel in the shortest possible time and at the best price.

In addition to advertising the boat so that it becomes known to many potential buyers, they are also in charge of conducting effective negotiations, eliminating obstacles that may arise in the sales process.

Its objective is to facilitate the sale and reach an agreement that benefits all parties involved.

How can a yacht broker help you sell your boat?

1- Helping you define the right price for your boat

To ensure a good sale, it is essential to define an appropriate selling price. By using the services of a broker, you can be sure that your boat will be properly valued in the market.

This is because the broker has access to confidential information, such as the actual selling prices of boats similar to yours, which are not available to the general public. Therefore, the broker is able to determine a fair and competitive price for your boat.

2- Advertising your boat in the most appropriate way

Your broker will prepare a plan to advertise your boat on the most visible portals, such as Yachtworld, Cosas de Barcos or TopBoats, among others.

The broker can recommend different methods of reaching potential buyers that go beyond online portals. Depending on the type of boat, he can suggest additional strategies to reach the right audience with your ad.

One of these strategies can be to send the advertisement to potential buyers by e-mail, in order to increase the chances of selling your boat. The broker’s main objective is to help you find the right buyers for your boat, using all available resources.

In our case, we publish on more than 20 specialized platforms:

3- Preparing the boat for sale

The broker can advise you on improvements you can make to make your boat more attractive to the market. He will assist you in identifying problems and offer solutions for both the maintenance and decoration of your boat.

In addition, he will be able to arrange for repairs and suggest finding a mooring or slipway to make the boat more accessible during the sales period.

4- Respond to inquiries from interested parties

The figure of the nautical broker is essential both to filter interested and curious people and to respond to the consultations of both, saving you time and avoiding false illusions.

It is important to distinguish between these two types of stakeholders because answering questions and providing detailed information can be a major effort. If you spend a lot of time answering questions from people who have no real intention of buying, you can waste valuable time and perhaps even lose a real sales opportunity.

This is where the fundamental role of the yacht broker comes into play. nautical broker. A good broker will know how to distinguish between the genuinely interested and the curious, and will be able to filter the inquiries so that you only have to deal with people who are genuinely interested in buying your boat.

In addition, the nautical brokers have in-depth technical knowledge of the vessels and can answer detailed and specific questions that other interested parties may not understand. This means that even if someone is genuinely interested in buying, a broker can handle most inquiries and leave you time to handle other important tasks related to the sale of your boat.

5 - Visits to the ship

The yacht broker offers a valuable service by taking care of ship visits with interested parties, saving you time and effort. When showing the boat, the broker will solve all the questions that may arise in the buyer, which is especially useful if you are not a boat expert and prefer to enjoy sailing.

Moreover, if the ship is far from your home, this service is even more valuable.

6- Manage all administrative aspects

A yacht broker can take care of all the formalities related to the sale, from inspections to sea trials, as it is common for buyers to request these measures in order to know the condition of the boat.

Problems may arise during testing and inspection, but an experienced broker knows how to handle the situation and achieve a fair and mutually beneficial negotiation. In addition, the broker’s intermediation can be key in the agreement between seller and buyer.

7- Transfer formalities and tax filings

A yacht broker has a thorough knowledge of the security legislation and documents required for the transfer of ownership of a boat, including title deeds, purchase and sale contracts, taxes and more.

In addition to being experts in selling boats, brokers also offer management services to help you through the whole process and make the end of the sale even more satisfying, especially if your time is limited or you don’t want to add more complications to your life.

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Broker's services and commission

If you are looking for help in selling your boat, having a yacht broker can be an excellent option, as you can choose the level of service you want and their fees are set according to the type of service provided. These may be fixed or on a percentage basis, and are agreed prior to the commencement of the mediation, and are settled once the sale of the vessel is completed.

If you choose to sell your boat with the assistance of a nautical brokeryou will have an expert in the market who will transmit confidence to potential buyers.

You as the seller can decide which services you want to hire, such as whether you prefer the broker to show the boat or whether you will do it yourself. You can also opt for the broker to take care of the maintenance and cleaning of the boat for buyers’ visits.

In some cases, the broker may accept the boat as part payment for the purchase of a new one. You can also choose whether to agree the sale exclusively with one broker to pay a lower commission or to use several brokers.

The broker will require documentation proving ownership of the boat, its maintenance and any other relevant documents to ensure that the sale goes smoothly and without delays. If you do not have the necessary documentation, the broker can help you find the best solution for this type of inconvenience.

For more information about: documentation and taxes in the sale of a boat, please contact us.

We hope you have enjoyed this article and that it has helped you to understand in more detail what our work consists of.

Have a great sailing, and see you on the high seas!

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Network Yacht Brokers group

Robert Woodward

The story of Robert Woodward, yacht broker for 25 years, ex-Charmain of the Network Yacht Brokers Group, and RYA Yacht Master.

Rob sadly left us on 03.03.22 R.i.p.

I’m Rob Woodward, I work at Network Yacht Brokers Barcelona. I’d like to talk to you today about becoming Yacht Broker or opening your own brokerage business by joining this Network Your Brokers cooperative. I’m going to explain how by pure chance I got into this amazing industry; perhaps my story will encourage some of you to have a go at fulfilling your dreams of working with boats and yachts. I started sailing in 1976 as a teenager crewing on the Sir Francis Drake, a 72 foot sale training yard owned by the ocean yacht club.  I remember the adventure well, it was Drake’s maiden voyage and without doubt the highlight of that adventure was when we left the shelter of the Island of Man just as we came in the harbour entrance we were unceremoniously knocked flat by a huge gust of wind. No sooner than I glanced around the deck to see my friends dangling helplessly by the safety lines that beautiful yacht picked herself up and raced to Holyhead in just a few short hours. What an introduction to sailing that was and it’s fair to say that the thrill of that adventure spurred me on to even greater sailing adventures over the following 40 odd years.

It wasn’t until 1995 that I started sailing seriously. I quickly became determined to get every RYA qualification possible. In 1998 I began working for Conwy school of yachting as a yacht master instructor. I remember the pay was rubbish but I do recall with great fondness dashing to North Wales at weekends to meet each new crew then heading off to sea for them for a weekend or five days adventure. At the time I had a reasonably young family was lucky that my wife enjoyed the paycheck as much as my company at home. Things worked very well for a few years as I developed my sailing skills around the coast of the Irish Sea as I became even more hooked on a life by the sea, I convinced my wife to sell everything and move to Wales. We sold our home our businesses Stockport Cheshire and even put our boat on the market to raise a little extra cash.

The first summer slipped by; as I recall, it was Christmas we were in the pub with our friends enjoying the same school. I got talking to the local network your broker; one conversation led to another when he asked ¨would you be interested in buying the yacht brokerage business from me?¨ The following day I went to the brokers office in Conwy Marina and passed over a check for the agreed amount, it was that fast. Passed the deal was sharing network yacht brokers; at the time I didn’t attach any great value to this but then I didn’t know anything about becoming a Yacht Broker. My mind was already set and developing a decent marine engineering service for Conwy marine. I thought the brokerage would be a sideline that might add a little to our engineering service; how wrong I was. The first week of owning the brokerage business we sold our first motor boat. Comparing to engine compartments this was very easy, that was a great business. By 2007 our branch of Network Yacht Brokers had become a multi million pound company. It’s fair to say that considerable amounts of that business revolved around new boat sales; however we would not have been able to develop new boat sales had we not first established a solid brokerage. Due to the banking crash in 2008 new boat sales were swept off a cliff with most of the marine industry although the brokerage business in Conway acted as a parachute for us enabling a somewhat softer landing when we hit rock bottom. In 2012 the network yacht broker group chairman retired, I was asked to pick up the baton promising to grow the group. In 2016 I accepted an offer for my brokerage business in North Wales. The great thing was that the buyers wanted to stay in our network group. This sale allowed me once again to make a significant lifestyle change and move to Barcelona in Spain.

In early 2017 I opened a new Network Yacht Brokers office in Port Ginesta, Barcelona. Thanks to the dedication from my work colleague Chiara, we built a new brokerage business and already have a solid foundation to build on for the future. That’s my story so far. Let’s talk about how you can start in this industry; the good news is you don’t need any sailing qualifications perhaps you’ve simply owned a boat for a few years and want a lifestyle change, you’re the type of person who find it easy to become a yacht broker. We’ve developed a step-by-step strategy that will ease you into our industry our three-step policy revolves around online coaching while working with you to build a portfolio of boats you can sell.¨