Boat transactions usually involve large financial investments. Transactions today usually exceed $500,000, and in some instances can exceed $5,000,000. If you had a $500,000 income tax problem, would you attempt to handle it without the help of a CPA? If you had a $500,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in yacht brokerage without the professional assistance of a qualified Yacht Broker. But if you are still not convinced of the value of a Yacht Broker, here are a dozen or so more reasons to use one. When Buying A Boat Professional Yacht Brokers have resources available to them that most yacht buyers do not have. In particular their access to … [Read more...]
Buying A Pre-Owned Yacht
In this article you will learn the steps involved when purchasing a Yacht available for sale as a brokered (pre-owned) boat. This is a basic guide and cannot act as a substitute for a trained and knowledgeable broker, but will give you an understanding of the process. Step 1. Finding the Right Type, Make and Model. There are a lot of different yacht models and types to choose from. I would start by thinking about what type of boating you imagine yourself doing and what type of layout would best suit your needs. This is where a knowledgeable broker can really help point you in the right direction, through experience he can give you real advice on what boat you could make the best use of. As a start, ask yourself these questions: What is your perfect day on the water? Will I be doing a … [Read more...]