As experienced brokers we have access to a wide variety of vessels across the world.
Yacht brokerage services have become increasingly popular in recent years, and for good reason. A yacht brokerage service is a firm or individual that specializes in buying and selling yachts on behalf of clients. They act as an intermediary between the buyer and seller, helping to facilitate a smooth transaction process. In this essay, I will argue in favor of using a yacht brokerage service when buying or selling a yacht and provide an overview of the sales and purchase procedure with a focus on the survey and sea trial process.
Buying or selling a yacht can be a daunting task, particularly for those new to the industry. A yacht brokerage service can be a valuable asset for both buyers and sellers. For buyers, a broker can help find the right yacht by identifying options that meet the buyer’s specific needs and preferences. They can also provide guidance on the yacht’s condition, history, and value. For sellers, a broker can help identify potential buyers and market the yacht effectively to maximize its sale price. They can also handle negotiations, paperwork, and ensure a smooth transaction process.
The sales and purchase procedure for yachts typically begins with the buyer expressing interest in a particular yacht. The broker will then arrange for the buyer to view the yacht in person and may recommend a survey and sea trial. A survey is a detailed inspection of the yacht’s condition and will identify any issues or areas of concern. A sea trial is a test run of the yacht to ensure that all systems are functioning properly. Both the survey and sea trial are critical steps in the buying process, as they provide valuable information that can help the buyer make an informed decision.
As a yacht brokerage service, we recently facilitated the sale of a 2010 Azimut 62S. During the survey, we identified a few minor issues with the yacht’s electrical system. We were able to negotiate with the seller to cover the cost of repairs before the sale was finalized. During the sea trial, we identified a minor issue with the yacht’s propulsion system. We were able to arrange for the necessary repairs to be made before the buyer took possession of the yacht. The buyer was thrilled with the smooth transaction process and our attention to detail.
It’s important to note that our brokerage service charges the seller 8 percent + VAT. This commission fee is standard in the industry and is competitive with other brokerage services. We believe that our commission fee is a fair reflection of the value that we add to the transaction process.
Some buyers and sellers may have concerns about the survey and sea trial process or using a brokerage service in general. It’s important to note that surveys and sea trials are standard in the industry and are critical steps in the buying process. They provide valuable information that can help buyers make an informed decision and ensure that the yacht is in good working order. As for using a brokerage service, it’s important to work with a reputable and experienced firm that has a track record of success.
In conclusion, a yacht brokerage service can be a valuable asset for both buyers and sellers in the yacht industry. They can help find the right yacht or buyer, handle negotiations and paperwork, and ensure a smooth transaction process. The survey and sea trial process are critical steps in the buying process and provide valuable information that can help buyers make an informed decision. As a brokerage service, we are committed to providing exceptional service and adding value to the transaction process.