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When you own a boat, selling it can be more difficult than it seems. Should you use a professional boat broker or handle it yourself?
Is there a safer, more efficient, or less expensive solution? What steps should you take to ensure a quick sale of your vessel?
In this article, the Bateau-immatriculation.com team shares its opinion on the matter.
Selling your boat, alone or with professional help?
First, know that it is not mandatory to use a professional to sell your boat. Regardless of your vessel, you have the right to choose to sell it yourself, or to trust a third party to find a buyer and make the sale.
If you delegate the sale of your boat to a specialist, the fees payable to this intermediary are generally subject to a commission, deducted from the final price of the boat. The professional can manage your file from A to Z: they can take photos of the vessel, write and distribute the advertisement, conduct visits, answer questions from potential buyers, and put you in touch with other nautical specialists, if needed.
Thus, using a professional can be a quick and safe solution, especially if you are geographically distant from your vessel, or if you have little time to spare. It is the guarantee of finding a serious buyer, without necessarily spending more: indeed, the specialist will also be in charge of negotiating the sale price for you!
If you delegate the sale of your boat to a specialist, the fees payable to this intermediary are generally subject to a commission, deducted from the final price of the boat. The professional can manage your file from A to Z: they can take photos of the vessel, write and distribute the advertisement, conduct visits, answer questions from potential buyers, and put you in touch with other nautical specialists, if needed.
Thus, using a professional can be a quick and safe solution, especially if you are geographically distant from your vessel, or if you have little time to spare. It is the guarantee of finding a serious buyer, without necessarily spending more: indeed, the specialist will also be in charge of negotiating the sale price for you!
Steps for selling your boat yourself
Do you want to take care of selling your motorboat or sailboat yourself? Bateau-immatriculation.com details the necessary steps to maximize your chances and not forget anything. Here are some tips to know to sell your boat on your own, stress-free!
Clean your unit
First, consider cleaning up your boat. The interior, the exterior… To prepare your unit for sale, everything must be included! In your living spaces and cabins, limit the presence of personal effects: during future visits, neutral spaces will help potential buyers to envision themselves in the boat.
Check that the equipment is in good condition
Plumbing, electrical, electronics… Check the good condition of all onboard elements.
Carry out any necessary repairs, as well as those small jobs you may have been putting off for some time. They will make a difference on viewing days and, while waiting to sell your boat, they will allow you to enjoy your sailing even more!
Gather the documents
Make sure you have all the boat's administrative papers, warranty certificates, and purchase, repair or maintenance invoices. Ideally, you will sort and place all these documents neatly in a binder or folder to give to the future owner.
You can also anticipate by preparing the administrative papers necessary for the sale, including an essential item: the bill of sale which formalizes the sale of your boat.
Take photos
Once your boat is clean and tidy, get out your camera. Make sure you have good lighting and photograph the different areas of the boat: interior, exterior, berths, engine room, etc. Vary the angles and take detailed photos of the most important elements. Remember that sometimes a wide-angle lens can produce better shots!
Write a description
To attract potential buyers, prepare a detailed description of your boat. Construction shipyard, model, year of manufacture… Note all the characteristics of your vessel, and all the specific equipment it has. Don't forget the details of electrical and electronic appliances! Describe the condition of all elements, as well as any work required. Specify the dates of the last maintenance operations, and complete with your boat's history, or the navigation areas it has frequented.
Choosing the right selling price
Estimate your boat’s value based on its purchase price and depreciation over the years. Research the asking prices for similar vessels on the market, and find out about other boats available at your desired price. The price you choose must be fair, justified, and defensible!
Post and distribute the announcement
Now that everything is ready, you can officially put your unit up for sale! If your motorboat or sailboat is based in a port, you have probably already submitted an ad to the harbormaster's office. But if you want to maximize your chances and disseminate your boat ad more widely, you will need to publish the ad online, on the web.
A good option is to use a website specialized in boat sales, such as Band of Boats. On it, you can communicate your ad to all those looking to acquire a new unit, to find the right buyer for you!
Band of Boats' advice: To maximize your chances of selling your boat, it is essential to create an attractive and detailed ad. This includes a captivating first photo followed by numerous images that show the boat from every angle. An accurate and complete description will reassure potential buyers by detailing the boat's condition, repairs carried out, hours of navigation, and all relevant features. It is also crucial to set the right price by researching market prices or requesting a quote. Responding quickly to inquiries from potential buyers and thoroughly preparing for boat viewings, highlighting selling points and having all necessary documents ready, are key steps to a successful sale. And here's an added bonus: don't hesitate to promote your ad once it's online (share it on your social networks, on specialized sailing or boating forums, spread the word, etc.).
Show them around the boat
Once your ad is published, you'll receive several inquiries. You'll offer to show your boat, meeting each interested party individually on board. To allow potential buyers to see your boat in good lighting, it's best to welcome them during the day!
Show them all the spaces. Answer all their questions, explain the function of each piece of equipment, and detail the work that has been done. Also, describe how you maintain your vessel.
You'll need to build a trusting relationship and leave no doubt about your transparency.
Even if you surely love your boat very much, try to remain objective! Give the visitor time to explore the different spaces and imagine themselves as the owner.
Offer to show them the boat's capabilities during a sea trial and, if necessary, train them in various maneuvers, whether at sea or in port.
Negotiate and close the sale
At the end of the process, you may need to review the price and terms of sale of your unit to reach an agreement with the buyer. Be open to negotiation, but don't lower your expectations too much! Once an agreement is reached, you will both sign the documents and complete all administrative procedures related to the sale of a vessel. For this last step, the experts at Bateau-immatriculation.com can help you!