Whats the point of boat brokers? - SailNet Community
 1Likes
Reply
 
LinkBack Thread Tools
post #1 of 22 Old 04-08-2019 Thread Starter
Junior Member
 
Join Date: Apr 2019
Posts: 24
Thanks: 5
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Whats the point of boat brokers?

Similar to real estate agents in the Socal market- is it a needed service? I would prefer to deal directly with the previous owner who has spent years maintaining the boat and knows it far better than a broker. What am I missing?
desmond275 is offline  
Sponsored Links
Advertisement
 
post #2 of 22 Old 04-08-2019
Senior Member
 
Join Date: Jan 2017
Posts: 973
Thanks: 104
Thanked 39 Times in 39 Posts
Rep Power: 3
 
Re: Whats the point of boat brokers?

The seller is paying for a convenience factor, likely well worth it.

As a buyer, I would only engage a broker for expensive boats where most of them are already represented by brokers.

The price history databases they have access to can be very helpful.

For cheaper / old boats I would indeed prefer to deal direct with the owner, but that's not up to me.

And of course then I'm spending more time looking myself, researching contract / escrow / lien / titling / tax / registration / documentation etc details.

Last edited by john61ct; 04-08-2019 at 02:16 PM.
john61ct is online now  
post #3 of 22 Old 04-08-2019 Thread Starter
Junior Member
 
Join Date: Apr 2019
Posts: 24
Thanks: 5
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Re: Whats the point of boat brokers?

Thanks for the reply- my price point is 30K for boats 25 years old that typically have extensive maintenance records. The current boat I have my eye on is a pacific seacraft that is represented by a broker. I found the owner posting a bunch on here documenting his experience owning the boat and would prefer to deal directly with him.
desmond275 is offline  
 
post #4 of 22 Old 04-08-2019
Senior Member
 
Join Date: Feb 2010
Location: Narragansett Bay
Posts: 19,075
Thanks: 82
Thanked 535 Times in 512 Posts
Rep Power: 11
   
Re: Whats the point of boat brokers?

If the owner hired a broker, it stands to reason they want someone else to deal with it. The motivation is often the time it takes to show, vet, negotiate. Listing contracts typically call for the broker to be paid, even if the owner sources and negotiates the sale. Otherwise, the broker is competing against their own client, which means they are wasting their time fishing that pond.

You can always ask, some owners may be willing to engage. Most won't.... hence the broker.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Jeanneau 54DS

In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
Minnewaska is offline  
post #5 of 22 Old 04-08-2019
al brazzi
 
Join Date: Oct 2014
Location: Lower Chesapeake bay
Posts: 1,970
Thanks: 0
Thanked 79 Times in 79 Posts
Rep Power: 5
 
Re: Whats the point of boat brokers?

A good broker can head off many problems. I bought and sold one low priced local boat through the same broker, both transactions. He was candid and said he usually doesn't work with low value Boats but he knew it would be a quick sale, that's just the way they are, it can be a LOT of work to sell and they go for the money.
albrazzi is offline  
post #6 of 22 Old 04-08-2019
Gemini 105Mc
 
Davy J's Avatar
 
Join Date: Mar 2017
Posts: 111
Thanks: 0
Thanked 6 Times in 6 Posts
Rep Power: 3
 
Re: Whats the point of boat brokers?

There can be other factors as well. The boat in the slip next to me is for sale, in SW Florida. The owners live in Indiana.........
Davy J is offline  
post #7 of 22 Old 04-08-2019
Senior Member
 
Join Date: Jan 2017
Posts: 973
Thanks: 104
Thanked 39 Times in 39 Posts
Rep Power: 3
 
Re: Whats the point of boat brokers?

Quote:
Originally Posted by desmond275 View Post
I found the owner posting a bunch on here documenting his experience owning the boat and would prefer to deal directly with him.
Well that is up to them.

The broker gets the commission either way.
john61ct is online now  
post #8 of 22 Old 04-08-2019
Master Mariner
 
capta's Avatar
 
Join Date: Jun 2011
Location: somewhere south of civilization
Posts: 6,865
Thanks: 134
Thanked 364 Times in 352 Posts
Rep Power: 8
 
Re: Whats the point of boat brokers?

I used a buyer's broker on this boat and he was fantastic. Taking his cut from the seller's broker, he gave me a lot of good advice on this particular boat, as he'd sailed one in the islands some years in a row. He also handled the escrow and money transfer and made up all the documents I needed to get the boat documented.
He flew from Wi to NYC to go over the boat with me and helped because I didn't care for the seller's broker. All it cost me was lunch and transport to and from the airport.
A seller's broker can get the word out much farther than an individual and though it costs you money, they can make the difference between a quick sale and a long time between offers.
A good broker isn't going to really care about how big his share will be if the boat sells fast. Selling 20 boats for 2k a month beats sitting around on their ass and selling two big commission boats a year for most.

"Any idiot can make a boat go; it takes a sailor to stop one." Spike Africa aboard the schooner Wanderer in Sausalito, Ca. 1964.
“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

facebook.com/svskippingstone
capta is online now  
post #9 of 22 Old 04-08-2019 Thread Starter
Junior Member
 
Join Date: Apr 2019
Posts: 24
Thanks: 5
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Re: Whats the point of boat brokers?

Quote:
Originally Posted by Davy J View Post
There can be other factors as well. The boat in the slip next to me is for sale, in SW Florida. The owners live in Indiana.........
Good point!
desmond275 is offline  
post #10 of 22 Old 04-08-2019 Thread Starter
Junior Member
 
Join Date: Apr 2019
Posts: 24
Thanks: 5
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Re: Whats the point of boat brokers?

Quote:
Originally Posted by john61ct View Post
Well that is up to them.

The broker gets the commission either way.
I guess it couldn't hurt to ask the broker for the sellers contact info to discuss previous maintenance and nuances with the ownership.
desmond275 is offline  
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Annapolis boat brokers encouraged about 2013 - CapitalGazette.com NewsReader News Feeds 0 11-06-2012 11:10 PM
Point vs. Counter Point: Kony 2012 - The Trinitonian NewsReader News Feeds 0 06-09-2012 12:20 AM
Boat Brokers...such honesty...such truthfullness. SiXeVeN General Discussion (sailing related) 9 04-27-2009 04:47 PM
Brokers and price discount bradleywashburn Boat Review and Purchase Forum 4 03-15-2001 05:57 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome