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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > Sell Boat Myself or Use Broker?
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Thread: Sell Boat Myself or Use Broker? Reply to Thread
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Topic Review (Newest First)
09-23-2010 01:37 PM
MisterDart
Buying from private seller

I'm looking at a boat for sale by owner that is in my state, but about 150 miles away. It is a documented boat, and I want a survey.
How can I hold the boat from being sold to someone else. Should I get a broker involved to hold a deposit, and to handle the closing? What would be a reasonable fee for his service.
Should I take his word he will delay sale to someone else
Is it risky to pay him after the survey, and take his word that it is a clear title?

Thanks
03-28-2010 04:48 PM
NCC320
Going to Sell it Myself

Thanks for your input. I appreciate the good ideas and I plan to use them. I decided to sell it myself.
03-26-2010 07:51 PM
SPC Here is a good example. I call the brokers at SF "urban" (not real name) to ask about a listed boat. Within 10 seconds I am put on hold for another call for "a minute." Two minutes later, I'm sitting with the phone stuck in my ear. I get tired of that and hang up. Am I really supposed to believe that there are that many calls in March of 2010?

It would be nice to contact the owner and let them know how their interests are being represented but that isn't possible unless you find them online.

SPC
03-25-2010 12:13 PM
Faster I think Craigslist or a class site would be a great way to sell such a boat. Many brokers charge a minimum commission that will likely be punitive on a boat that size/value.
03-25-2010 10:40 AM
SPC As a shopper, sell it yourself and follow the advice listed. Do have a plan to manage the legal aspects of the transaction. A serious buyer will want to know.

I think that many sellers would be amazed by how frequently the broker gets in the way of making a deal, but then they don't know because the buyer doesn't speak with the seller directly after maybe a first trip to the boat.
03-24-2010 06:51 PM
sailjunkie
Quote:
Originally Posted by kwaltersmi View Post
The benefits of using a listing broker include no showing/scheduling hassles, legal paperwork is on the broker, negotiations is on the broker, some liability is on the broker, better advertising with a good broker, etc. It may also be true that boats listed with brokers fetch a higher sales price (making up for the commission) and sell in a shorter amount of time on average. Or at least the last sentence is true for real estate, so it may also apply to boats.
One additional advantage is that you don't have to take time to show the boat to tire-kickers who may not be very serious.

That said, your boat is small and popular enough to justify trying to sell it yourself as a first step.
03-24-2010 04:15 PM
BONESDILLIGAF I bought mine from a private seller, and I would encourage you to try and sell it yourself first since you are in no rush.

since the boat is on a trailer, is it possible to put the boat in a high traffic area with the sign on it?

For example, there is a autorepair shop by my home that has a great location. He will allow people to sell cars / trucks / boats by parking them on his lawn by the road. All he asks is for $100.00 when you sell. Works out for both parties, draws possible customers to his shop, and gives folks a place to sell their stuff.

good luck

oh yeah, you can also add one of those real estate tube things to the trailer. The ones that say more info, you can put pictures, links to the pictures on the web, and list all the amenities for the people who just drive by.
03-24-2010 03:02 PM
JL Try "www sailingtexas com" as well (had to omit the dots because I don't have enough posts on here). C22s move pretty well to Texas.
03-23-2010 03:36 PM
JimMcGee When I sold my Catalina 22 I made sure the boat was bright and shiny.

Then I put together a web page with lots of photos and details, hung a sign on the boat, put it on several C22 lists/sites and put it on Craig's list. Everything online linked back to the web page I put together.

The boat sold in three days and I had several offers. The most responses came from Craig's list followed by the C22 lists/sites.

The biggest thing was the boat was VERY clean. Buyers looking at this size boat see a lot of junk so a really clean boat really stands out.

If you have high speed Internet at home, chances are a free web page is included along with a simple web site that will help you create it. Have lots of pictures sized to about 400 pixels wide ready to upload.

Best of luck,
Jim
03-23-2010 03:21 PM
tommays IMHP you get killed selling a small boat through a broker

I put the 4 photo limit on Craigs list and had a BIG package of photos i emailed to people who responded

IF they seemed OK in the emails i then talked to them by CELL phone

I would do it with a NEW gmail or something you can dump when you finish
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