Choosing a Broker

Moorings Yacht Broker St. Martin

Choosing the right broker can be the key to a successful yacht purchase process. Here’s what to look for in a professional yacht broker:

  1. Extensive experience with the type of yacht you’re seeking. Not all experienced brokers are alike. If you’re looking for a cruising catamaran, you’ll be glad to have a cruising catamaran expert on your team rather somebody who has brokered hundreds of racing monohull deals.
  2. Knowledge of the complete buying process. Every deal is different, and buying a used boat can be a journey in itself. A truly knowledgeable broker has experienced everything. Find somebody who can see you through the whole process, even potential hiccups that may come up along the way.
  3. The CPYB (Certified Professional Yacht Broker) distinction. Less than 1% of brokers worldwide qualify for this distinction! It’s earned through experience, examination, continuing education and a strict code of ethics.
  4. Backed by a big company. A full service brokerage firm usually offers or recommends supporting services that can make buying a yacht a smooth process. These services include survey, sea trial, financing, insurance, documentation, and closing resources. Hunting all of these service providers down individually can be time consuming and risky.

Choosing a good broker may help you avoid costly mistakes but also missed opportunities for good deals! Used boats are usually well-equipped and offer excellent value for money. Having a professional broker on your side when you buy one will help you sail away with a good deal!

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