How To Sell A Boat

Selling a boat

Selling a boat is a really tricky and delicate endeavor. A lot of boat sellers end up with clients who only go on test drives and never completed a purchase. Or would have their boats at the docks collecting rust, dirt and racking up the repair bill. This is an unpleasant situation all round because the longer it takes you to sell a boat, the less money you can get from it.

The best way to sell any boat is to do it quickly. Saying goodbye to an old boat is always bittersweet no matter what it was used for; fishing, exploring the coastline or going on cruises with your friends.

In this article, we’ll explore what you need to do to get a great price for your boat and what you shouldn’t do.

Major dos and don’ts to guide you when putting up your boats for sale:

Do – Work With A Professional

The best way to get your asking price is to sell within the first three months. The longer your boat stays, the less likely it is to sell. This is why you would benefit from hiring a professional broker. An experienced broker would know how to sell your boat quickly and for a good price. An experienced broker would help with setting the right price, creating a listing and ensuring that the boat is in the condition for inspections.

Do Not – Spend More Money Than You Need To

Now isn’t to put in fancy upgrades that the buyer of your boat might neither wanton need. Invest only in necessary and serious needs like inspections, hiring a good broker, insurance and repairs.

Do – Set A Realistic Price

Setting the right price for your boat is choosing the group without a realistic price for your vote is important. A lot of boat sellers tend to overvalue their boats. However, setting too high a price on your boards will drastically lower your chances of making a seal. This rule does not apply if your boat has special upgrades or features that can justify dear high praise. A good rule of Tom’s to go with the market price. When in doubt, it is always a smart idea to get the opinion of the professional broker who can inspect and value your boats with his expertise.

Don’t – Neglect appearance

The way your boat looks is an important component in making a sale as much as the way your engine runs. Getting your boat cleaned and polished, refreshing the antifoul and putting on a new coat of paint is always a great idea.

The better a boat looks, the higher the chances it has of getting off the market.

Do – Get As Much Exposure As You Can

The listing for your boat should be put on all major sales websites( the more, the merrier). Placing some adverts in popular boating magazines wouldn’t hurt either!

Don’t – Wait Too Long

Rejecting early offers in lieu of a better price is always a bad idea. The truth is when it involves selling a boat, time isn’t your friend. The longer you wait, the harder it would be for you to make a sale, as you would have to compete with newer listings with better offers.

Do – Highlight Your Best Features

Certain features draw people in. If your boat has any of these highly sought after features, then it will be in your best interest to highlight them in your listing.

Some highly sought after features include:

GPS system

Fishfinders

Don’t – Try To Sell It Yourself

Trading sites are an easy way for you to get your listing out. However, the entire process of selling your boat is a long and tedious one and isn’t a pleasing task to attempt on your own.

Engaging the services of a professional broker will help make the process easier. You would have an expert on the ground to help you throughout the whole process from listing to closing a sale and the paperwork.

Do – Get A Professional Survey

To increase your chances of selling off your boat quickly, hire a professional surveyor to appraise your vessel. Doing this and including it in your listing will show potential buyers that you can be trusted. Boat buyers are more likely to call the listings that already have a survey done because it means one less task for them to complete before they can enjoy using the boat.

Having a mechanical report is also a great idea. Yes, having both a survey and a mechanical report done would cost money but it also means that you will be able to charge the price for your boat.

Do – Be Smart About When You Sell

Like all industries the boating community has it’s on and off-peak periods. Winter months are often slow and is considered off-peak period while summer or spring is a great time to sell your boat.

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