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:
- 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.
- 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.
- 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.
- 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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