ASA and PSIA Instructor
Join Date: Apr 2000
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Re: Boat Too Cheap to get a Buyer's Broker?
Hey everyone, first post.
I'm planning to buy my first boat this summer. I've read a handful of books with a lot of advice on what to do, including getting a buyer's broker.
The type of boat I want to buy will be a 25'-30' daysailer / weekender costing not more than $3k. For a purchase in this price range, is it still advisable to enlist the help of a buyer's broker? Do you expect any respectable buyer's broker would engage in a deal with such a low selling price?
Thanks for any input.
I have yet to see any evidence of a buyer's broker in the boat business. You as a buyer, can chose a friendly broker, and work with him/her regarding the purchase of any listed vessel ala Yachtworld (similar to a RE MLS), but that broker will be compensated by the seller from the sale proceeds.
Perhaps you can find someone willing to help you find a boat for a fee out of your pocket, but I doubt anyone who has yacht broker credentials would get so invovled.
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