Pros and Cons of Buying Or Selling Direct Or Through Luxury Yacht Broker

The sale or purchase of a luxury yacht is like buying a residential property and you can expedite the transaction by getting the professional help of a luxury yacht broker. The following are the simple and easy-to-follow guidelines that you should consider when you are using a broker or directly selling or buying a luxury yacht.

Choosing your yacht

Competent and experienced yacht brokers have direct access to a deep database of yachts and valuable market leads and information. They may also have the capability to find the perfect luxury yacht to suit your taste and requirements. By this alone, you can effectively cut down on the time that you have to spend searching for the right luxury yacht that meets your requirements and preferences.

The luxury yacht broker can provide the required assistance and guidelines in order for you to make an informed business decision. He can help you go through and complete the selection process by guiding you in establishing and defining your requirements and providing the relevant information that will help you come up with your final decision.

There are some of us who are under the impression that we will end up paying less if we elect to deal directly with the private seller and will have more leverage to negotiate for a price reduction. Most of these private sellers are willing and accommodating when it comes to data and information about the luxury yacht they are intending to sell.

However, the big question is whether you will be able to ask the right questions. This is where a luxury yacht broker becomes important in the entire process. These professionals have the knowledge and experience and they are able to show you some of the important aspects about the yacht and the transaction that you need to seek some clarifications. There may be some information and findings by the yacht broker which you might use as your leverage in haggling for a reduced price.

Buying the great yacht

On the other hand, if you are dealing directly with a private seller, you can immediately arrange for the payment terms and arrangements as soon as you are able to agree on the terms of the sale. The payment is normally made through bank draft or through cash payment. There are also instances where the seller agrees with other forms of payment.

If you are negotiating through a luxury yacht broker, he will be able to provide guidance and assistance during the negotiation phase specifically on aspects concerning price, payment terms, financing, and such other things which might become relevant in the negotiation such as repair work, inspection arrangements, dockage, etc. A trained and reputable yacht broker shall be able to give his insights and advice to the buyer through the whole negotiation and buying process.

On top of these enumerated tasks by the yacht broker, he will also be able to recommend how the detailed inspection and survey will be undertaken and even make the necessary arrangement with the qualified and competent marine surveyor to undertake the required inspection.