Join Date: Nov 2010
Location: Randolph, MA
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Get a Broker
Would you buy a house without a real estate agent? I suppose some might, but I wouldn't. And the same goes for brokers with me.
We met out broker 3 years before we actually used him to buy a boat. I would go to all the boat shows in my area (still do even though we just boat a new boat). After a couple of times talking to the brokers at the shows, you get the impression as to who are the good guys and who are the used car salesmen.
This guy spent a lot of time with me talking about the boats he represents. He also talked about the boats he didn't represent but not in a negative way. He represents Island Packets, Catalina and Juneau. But he had some good things to say about Hunters and Beneteaus. So I came to value his opinion because he didn't just try to talk up his product.
I told him upfront that I wasn't looking to buy anytime soon. He was fine with that, still spent time going over the different boats, talking about sailing, etc.
So when it came time to buy, we went to him and talked about what we were looking for. He helped locate some boats to look at (I was obsessed with surfing Yatchworld and the other sites almost nightly). He went with us to look at the boats and helped point out good and bad points of the various boats.
When we found a boat we liked, he was able to talk broker to broker with the listing guy and get some information that helped us either pass on that boat or make an offer. He was also able to recommend surveyors, insurance agents, finance agents, etc. that ended up giving way better prices then what we had going in.
All of this and it cost us nothing out of pocket. Boat brokers are just like real estate agents. They take a percentage from the seller and if there is a buyer broker and seller broker, they split the commission.
Hope this helps.
What area of the country are you looking in by the way?
“Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” -Mark Twain