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A Beginner’s Guide to Buying and Selling a Boat

buying selling a boat guide

Reading Time: 4 minutes

When deciding on buying or selling certain luxuries, such as that of a boat, it can seem like a dream. Something that some may think is an easy task. However, if you choose to go into yachting it can be an expensive enterprise. 

So really, if you ever thought about buying and selling, how do you make sure you’re a fair deal on your marine vessel? Therefore, here are my tips in my beginners guide towards buying and selling a boat. 

Using a professional dealer when selling:

When it comes to selling it can help to have an opportunity to look into many pre-loved boats that are in good condition.

When looking up how to sell your catamaran and if you’re looking for an upgrade, it can be wise to look into a professional, as those with insider knowledge can help you in the listing and marketing of your vessel and make sure that a decent price is negotiated, making your sale run a lot more smoothly.

Check for clutter:

This point is valid for both buyers and sellers, particularly if doing the sale privately. Clutter and personal knick-knacks can deter buyers into feeling as if it isn’t up for sale due to an attachment. 

From a selling perspective, it also looks untidy and badly presented. Therefore, make sure that you clean out the boat of personal items and clutter before putting it before a buyer.

Check for damage: 

This is particularly for sellers when going through a private sale, but good for both to take note of. 

This is because unknown damage can lower the market value of the vessel, especially if it’s pre-owned, and cause problems down the track if not rectified.

In regards to sales, it can cause your boat not to sell as quickly. A good quality body and repair job on your boat will not only make it appear more attractive to buyers but make you be seen as a genuine seller. 

When it comes to being a buyer, checking for damage before potential purchase, making sure that repairs and servicing are logged appropriately to suit relevant waterways is a valid and important step, especially as a beginner. 

Understanding the purpose of your boat:

When choosing a boat to buy, consider the purpose for which you are going to use it. Whether it is sailing, fishing or motorised water activities. 

This is because boats are specialised for certain conditions on the water. Some may have a deeper hull while others may have sails or a large motor.

By understanding the intention for which you are using the boat and waterway, you should end up making a more selective decision when it comes to buying your boat, whether it be a new one or that which is pre-owned. 

Make sure you know what’s included:

Whether you’re buying a new or a used boat, it is smart for you to check what is included in the offer. 

This is where you need to move away from the glamour of any potentially misleading visual advertising and look towards the fine details of what you are getting for your money. 

For example, while safety equipment, such as a life jacket is a crucial element for regulations and for doing incredibly important tasks of safety and potentially saving your life, it is often among the most common items not included in the purchase.

Therefore, make sure that you read up on that which is necessary on the water before signing the dotted line. 

Conclusion:

So whether you’re a first-time buyer or seller, when it comes to boating, if you make sure everything is ship-shape with a dealer or the seller, you should be set to sail into calm waters. 

Jennifer
Information sourced by the author for luxuryactivist.com. All content is copyrighted with no reproduction rights available. Images are for illustration purposes only. Featured photo by Alana King.

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