Join Date: Feb 2010
Location: Narragansett Bay
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Re: Boat Too Cheap to get a Buyer's Broker?
You can always use a buyer's broker, even if the boat is not listed. It means you are going to pay them above what you pay for the boat, as opposed to the commission coming off the top of the sales price.
Many make the mistake of thinking the broker showing them a listed boat is working for the buyer, when the seller listed with their own broker. When the seller is paying the commission, all brokers are working for the seller unless the contract says otherwise.
That said, it would be almost unheard of to use one for a transaction this small. The much bigger issue is than sub $5k boats can frequently have negative value. If any major item, like sails, stand or running rigging, core moisture, engines, etc, are bad, they can wipe out value. If you are not familiar with these, even a limited survey would make sense. Otherwise, you become the next person trying to sell a boat with no value or face expensive fees to have her cut up and taken away.
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