Selling Your Boats

Boats for Sale

There are many reasons why you may want to part with your old boat. You may be looking to purchase a new one. On the other hand, you may be looking to reap the profits of the investments you made some time ago when you purchased it. Nevertheless, selling your boat is an important decision that you will not like to get wrong.

We have prepared a guide to help you:

1) Decide How You Want to Sell

There are many channels to getting your boat sold. Popular ones include:

• Direct selling yourself;
• Selling through agents;
• Selling by auction.

Let us examine each of these channels.

Direct Sale Yourself

This is the scenario where you decide to go all out to get the boat sold yourself. Here, you are not contracting the work to any party. As such, you will be relying on your expertise, intuition and judgment.

This has a lot of benefits. You will get to negotiate the boat sale yourself, based on your terms. You get to follow your intuition in getting your boat sold. And since you naturally will have your own best interests at heart, you will always get the best deal possible. You also get to enjoy the proceeds from the sale alone.

On the other hand, however, you will be lacking expert advice, which may lead to you getting a less-than-good deal.

Sale Through Agents

Here you contract expert boat agents to help you get buyers. In return, they take a cut. This process can be quite fast. Furthermore, since they are experts, you can trust the agents to do a good job.

Sale by Auction

If the boat is in high demand, you can get it sold via an auction.

2) Get Your Boat Prepared for Sale

It is always said that looks matter and that is true if you want to sell your boat fast and for a good price. You should be prepared to do a thorough cleaning and re-decoration.

Then you should be prepared to spend quite some amount on repairs and servicing.

3) Follow the Market

To get your boat sold at a fair price, you have to follow what happens in the market closely. Today, it has become quite difficult to get your boat sold easily and for a good price. For instance, a look at popular boat directories reveals that they have tens of thousands of unsold boats’ listings.

This is because as a result of free information on the Internet, buyers are now better informed. They know how much your boat costs by just looking at comparable boats listed online. Thus, you cannot set an outrageous price.

However, you can still sell for a high price during shortages of that particular brand in the market. You have to follow the market closely to know when those shortages occur.

4) Advertise the Boat for Sale

If you are selling the boat yourself, then you should be ready to engage in some advertising. This may involve spending some funds on advertising costs.

You can list on online setting websites like BoatsOnline.com.au and AreYouSelling.com.au.