Making the deal: Yachts For Sale
If you want to buy a yacht you should contact a yacht broker who can help you find the best yachts for sale in the budget you have. These special agents will work with you and the owner of the yacht as a middle man, helping in hammering out the prices and terms of the sale. Brokers should be part of the Certified Professional Yacht Brokers (C.P.Y.B.) organization in the United States, and have evidence of being qualified to do the job.
Looking at yachts for sale will reveal that yacht brokers are more common where there are more yachts, like in the Mediterranean, the Caribbean, Spain, and Florida. The large companies that have brokers may also have charter brokers who handle rentals. If you seek to buy a yacht you will need to communicate this to the company so that they place you with the right type of broker.
Buying yachts for sale is more like purchasing real estate then buying a car. These individuals usually work on commission, for the boat seller, but must be honest enough to help the buyer too. Some sites one the web, like YachtWorld.com, provide a place for brokers to list their boats so that sellers can browse them all in one place. You don’t have to act as your own broker- you can select a neutral broker to represent you, much like you would for buying a house.
Once you chose if you want a broker, then you can tell that person what your needs are and they can help assess the yachts for sale to identify which ones are the most suitable for you. They may also be able to tell you things about the boat they view are issues and help you determine if it is one you want to look at in person. They will have access to the history of the boat and the length of time it has been on the market for sale. They also can pull on resources not visible to the public to give you insider help on market conditions that can keep you from overpaying on a boat.
Buying yachts for sale is as complex as getting a house. Having a broker on your side can help you pre-qualify for a boat loan and land a good insurance deal before you even make a bid. Then they can help you determine a realistic bid to make on a boat and decide if you need to ask for additional terms to protect your interests. They will help you in choosing an escrow agent for placement of a good faith deposit to cement your bid. A good broker can help you wade through all the necessary paperwork for both national and international laws ranging from licensing and title transfer to paying all the taxes that the sale requires. There is the sea trial and survey that must be preformed and any problems identified need to be corrected for insurance purposes, something a broker will help with.
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Yachts for sale, Hulya Luxury Yacht—yachtfan (Flickr.com)