When you are thinking of either buying or selling a boat or yacht, it is important for you to understand the options that you have. You also need to understand the difference between a yacht broker and a boat dealer so that you can be able to make a decision on who you want to work with. Both professionals can be hired when it comes to the selling and buying of a boat. Choosing any of the two professionals will ensure that the entire process is a smooth one and stress-free. However, who you decide to choose will highly depend on the size, the model as well as the type of boat or yacht that you are selling or thinking of buying.
A yacht broker
A yacht broker is a professional who may either work as an independent or work for a brokerage house and gets paid on commission for each boat they sell or for handling or the necessary details of a given sale. They tend to do a number of things like managing the sea trials, assessing the fair value of a yacht, securing the right financing, carrying out surveys and finally closing the deal. There are some responsibilities that a yacht broker has to their clients so as to ensure that they are able to get a fair deal. The commission that brokers get is usually 10% of the actual sale price even though the percentage may vary widely depending on the location and the type of boat being sold. Even though yacht brokers can also be able to handle any new sale, most sellers and buyers seek the services of a broker mostly for used boats since a broker has the right amount of knowledge in this kind of market. Also, a yacht broker can also be able to facilitate the selling of any type or brand or boat regardless of whether it is a custom or production one. A broker also has a cast knowledge in the market place as well as the offerings that different buyers tend to give, the size preferences as well as the price range.
A boat dealer
This is a professional who specialize in the selling of specific brands of boats that are offered to them by boat dealerships. This is an ideal person to go for if you are looking for a brand new model to buy. Since a boat dealer is a person who represents different brands, then he or she is going to have a thorough knowledge of the makes that he or she is going to sell. The dealer also has access to information about what is available and what a particular manufacturer is offering.