What questions should you be asking your Boat Broker?

Are you looking to sell your boat? First things first, you have to decide whether you enlist the help of a professional boat broker or try to go it alone. 

What should you know before selling?
If you choose to go it alone, you won’t have to pay a broker’s commission. But it will also take longer to sell your vessel, and you will probably have to settle for a lower price. Without assistance, you miss out on a lot of benefits that ensure you get the best deal possible.
A boat broker is similar to a real estate agent. Both brokers work to facilitate the sale of their listings and to protect and promote the interests of their client. Essentially a middleman, a boat broker ensures the seller gets a reasonable price and that the buyer feels they are getting the best deal. It’s a balancing act in negotiating a solution that benefits all involved.

How do you choose the right broker?
Finding the right boat broker is an essential part of the successful sale of your boat. You need a professional who can add value to the transaction. A good broker will have a deep understanding of the boats they are selling, such as their features, specs and abilities. Knowledge of boating is vital, as an intelligent broker does their homework to become an expert in each boat they are selling.
The geographic location of your boat broker also adds value to the transaction. It’s usually best to choose a broker who already represents boats similar to yours and who operates their business close to where your boat is located.

Questions to ask a boat broker:

How should I price my vessel?
Correctly pricing a vessel is critical to getting it sold. It needs to be a fair price, which your professional broker can help establish with access to sold boat data and other industry resources. An experienced broker will have a good idea of what your boat should sell for and can price it accordingly.

How will you advertise my boat?
A good broker knows how to improve the look and marketability of your boat. They will be able to outline a plan of how a boat is to be advertised using the appropriate media. Our MW Marine packages are professional marketing packages that use the power of networking to make interested buyers aware of your vessel quickly.

How do I need to prepare the boat for sale?
How your vessel is displayed is also an essential factor in selling your boat. A broker will advise you on any improvements that can be made to improve your boat’s competitiveness in today’s market. They will also identify any possible problems and their solutions that significantly enhance not only saleability but the achievable price of your vessel.

Is now the right time to sell my boat?
Although there are no hard and fast rules of when it’s best to sell your boat, a good broker understands the market and how to make it work for you. They have the industry know-how and professional knowledge needed to accurately estimate the best time to put your vessel on the market.

Ready to put your boat on the market? Whether you are selling your boat or looking to buy, you are in good hands with MW Marine! With over 30yrs industry experience, we know boats inside and out. Enquire with our qualified Sydney boat brokers about selling your vessel today!