HOW TO PREPARE YOUR YACHT FOR SALE
There comes a time for every yacht owner when it is time for a change. You could find yourself looking to upgrade to a bigger vessel, different model, purchase something newer, or maybe life is leading you in a new direction, sans sailing. Whatever the reason, if you are sensing it is time to sell her, here are four top tips on how to prepare.
- Decide to Sell Either Privately or with a Broker
Considering whether you will sell your yacht privately or with a broker is one of the most important decisions you’ll make. If you decide to sell the vessel yourself, make sure you are aware of all elements and steps involved and prepare to commit sufficient time and effort. A broker managing the sale tends to be less stressful and make the sales process go more smoothly as every task is handled for you. The broker will do all marketing, conduct viewings on your behalf, and represent you throughout the process and negotiations. It is crucial you choose a broker who has a good reputation, understands the market, has professional standards and is affiliated with the appropriate trade bodies. The right broker can serve you well as they typically have access to more potential buyers faster which can lead to a faster, higher value sale. Here is a quick link if you are ready to take this step now: Your JFA Yacht Consultant
- Prepare your yacht to Make a Stellar First Impression
Before a potential buyer decides to book a viewing, they’ll want to get a clear understanding of the ship’s layout and condition. Have your crew declutter and get your yacht detailed. Once she’s cosmetically at her best, have high quality professional photographs and video taken for the listing. Make sure you maintain the yacht’s gleaming condition, so she looks and smells excellent for in-person viewings. To discuss further you can use this link: Your JFA Yacht Consultant
- Take Care of All Repairs
To aid the sales process, make sure to direct your Captain or Engineer to repair all defects before the boat is listed. A buyer’s surveyor will be evaluating the yacht and their job is to find flaws. Build buyer confidence by taking care of any area that shows wear and tear, so the surveyor team has a hard time finding anything that needs attention. To discuss other ways to prepare use this link: Your JFA Yacht Consultant
- Get Documentation in Order
Ensure you have all necessary paperwork for your yacht. If you kept any service records, show them off. Buyers will appreciate seeing how the vessel was cared for. For a full list of documentation needed, your broker can assist. READY, SET, GO… Contact Your JFA Yacht Consultant
