Jun 19, 2023
Updated: Jun 20, 2023
Selling a boat can be a complex and high-value transaction, much like a real estate sale, and is usually best done with the help of a professional yacht broker. A yacht broker's primary responsibility is to manage the communication and information flow between the seller, other brokers, and potential buyers.
Advantages of selling your yacht with a broker:
Brokers have a network of clients and may already have potential buyers in mind and have a solid understanding of how to properly price a yacht.
Working with a broker can get the yacht sellers listed on YachtWorld, the largest online database of new and used power and sailboats for sale.
The broker will advise you of any improvements that should be made to make your boat competitive in today's market, identify possible problems and solutions, and help organize upgrades and repairs.
The broker may help locate easy-access moorings or storage for the duration of the listing.
Brokers will understand the principles of the brokerage profession—things like certificates of ownership, security agreements, bills of sale, and other documents needed to register and transfer titles to boats.
They will understand maritime and admiralty liens for the type of vessels they represent, as well as mortgaging and transferring title to documented vessels.
They will understand agency contracts, listing agreements, closing statements, deposit requirements, and escrowed accounts to safeguard funds.
How to choose the right broker
Choosing the right broker is an important step in selling your boat. Fundamentally, if you sell the boat yourself, you won't need to pay the broker's commission, but without assistance, it will often take you longer to sell the boat, and you may have to settle for a lower price.
Overall, working with a broker can help a seller navigate the complex process of selling a boat and ensure a smooth and successful transaction.
Yachting Partners Malta is there for you as a professional broker for the sale of your yacht, by multiplying your sales opportunities. With years in the industry, our specialist team knows the current yacht market and determines the right selling price for you. Malta is an EU member state in the heart of the Mediterranean, making it the ideal strategic location. We advise you on any upgrades that will give your yacht a competitive advantage. Our tech team can handle the organization of recommended upgrades, with Yachting Partners Malta being the official dealers for a wide range of marine product brands, including Elvstrom Sails and Gori Propellers. Yachting Partners Malta will give customers maximum exposure to potential buyers worldwide. We take care of all advertising, inquiries, and visits.
Don't miss out on this incredible opportunity to sell your yacht with Yachting Partners Malta. Contact our team today to schedule your complimentary yacht evaluation and unlock the potential of your vessel. Our experienced brokers are ready to guide you through the selling process and help you achieve your goals.
Yachting Partners Malta Ltd
183/4 Marina Street, Pieta PTA9042 - Malta
Tel: +356 2125 2727
Email: sales@ypm.mt