Top Questions People Have About Hiring a Broker

People often express frustration with the boat buying and selling process, and find that having a broker makes the process far easier and resulting in a better deal for both buyer and seller. Here are the top 7 most searched questions and answers about hiring a broker to sell a boat:

What is the average commission for a boat broker?

The average commission for a boat broker is 10% of the sale price of the boat. However, this can vary depending on the broker, the type of boat, and the location.

How do I find a good boat broker?

There are a few things you can do to find a good boat broker:

• Ask for recommendations from friends, family, or other boat owners.

• Get quotes from multiple brokers.

• Interview potential brokers to see if they have experience selling boats of your type and in your area.

• Make sure the broker is licensed and insured.

What do I need to do to prepare my boat for sale?

Before you hire a broker, you will need to prepare your boat for sale. This includes:

• Cleaning the boat inside and out.

• Making any necessary repairs.

• Getting the boat surveyed.

• Taking professional photos of the boat.

• Creating a listing for the boat.

What does a boat broker do?

A boat broker is a professional who helps you sell your boat. They will market your boat to potential buyers, negotiate the sale price, and handle the paperwork.

How long does it take to sell a boat with a broker?

The time it takes to sell a boat with a broker can vary depending on the market conditions, the type of boat, and the price. However, it typically takes between 3 and 6 months to sell a boat with a broker.

What are the benefits of hiring a boat broker?

There are a few benefits to hiring a boat broker:

• They have the experience and knowledge to sell your boat quickly and for the best price.

• They can market your boat to a wider audience of potential buyers.

• They can handle the paperwork and negotiations for you.

• They can help you get a fair price for your boat.

What are the drawbacks of hiring a boat broker?

There are a few drawbacks to hiring a boat broker:

• They charge a commission, which can eat into your profits.

• They may not be familiar with the type of boat you are selling.

• They may not be able to get you the best price for your boat.

Why Choose Executive Yacht Group?

Executive Yacht Group provides the expert advice prospective buyers need to make informed decisions. Our dealership takes pride in servicing long-term clients, many who either want to get the best possible price for your boat, or simply avoid the time or selling the boat themselves.

Contact Us