Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 02-05-2016, 16:54   #1
Senior Cruiser
 
JusDreaming's Avatar

Cruisers Forum Supporter

Join Date: Jul 2004
Location: Stuart, FL & Bahamas Cruising
Boat: Lagoon 37
Posts: 880
Images: 13
Broker or No Broker

We are getting ready to retire from our cruising years, and sell our cat. The big question is rather to use a broker or not. Looking for your distinguished opinion on this subject.
__________________

__________________
Denny and Diane
Lagoon 37
http://www.svjusdreaming.bravehost.com/
http://www.sailblogs.com/member/svjusdreaming/
"The only way to get a good crew is to marry one." -Eric Hiscock
JusDreaming is offline   Reply With Quote
Old 02-05-2016, 17:00   #2
Marine Service Provider
 
boatpoker's Avatar

Join Date: Nov 2008
Location: Toronto, Ontario or Bahamas
Boat: Benford 38 Fantail Cruiser
Posts: 2,593
Re: Broker or No Broker

Scams, escrow, rubber cheques, lookiloos, endless phone calls, buyers who never show up, buyers who expect you to do their homework for them regarding haulouts, survey, documentation change.

What's your time worth
__________________

__________________
That hysterical laughter you hear as you sail a way in your "new" boat ..... is the seller.
boatpoker is offline   Reply With Quote
Old 02-05-2016, 17:48   #3
CF Adviser
 
Pelagic's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Boat: Van Helleman Schooner 65ft StarGazer
Posts: 6,891
Re: Broker or No Broker

Not sure what the broker mafia in Florida is like these days?...... But any reason why you cannot do both?
__________________
Pelagic is online now   Reply With Quote
Old 02-05-2016, 17:50   #4
Senior Cruiser
 
JusDreaming's Avatar

Cruisers Forum Supporter

Join Date: Jul 2004
Location: Stuart, FL & Bahamas Cruising
Boat: Lagoon 37
Posts: 880
Images: 13
Re: Broker or No Broker

Only bought one never sold one
__________________
Denny and Diane
Lagoon 37
http://www.svjusdreaming.bravehost.com/
http://www.sailblogs.com/member/svjusdreaming/
"The only way to get a good crew is to marry one." -Eric Hiscock
JusDreaming is offline   Reply With Quote
Old 02-05-2016, 17:55   #5
Senior Cruiser

Cruisers Forum Supporter

Join Date: Jul 2005
Boat: Outbound 44
Posts: 4,583
Re: Broker or No Broker

Pick a time frame and try marketing it yourself. Say 6-8 weeks. If you are getting reasonable traffic looking at it, then your marketing is working. You will have a number of brokers contact you while you do this - one might stand out as good if you decide to let a broker market the boat. The biggest thing you loose self-marketimg is a listing on Yachtworld.
__________________
Paul L
http://svjeorgia.blogspot.com
Paul L is offline   Reply With Quote
Old 02-05-2016, 18:30   #6
Registered User

Join Date: Apr 2005
Location: Southern Calif.
Posts: 301
Re: Broker or No Broker

I sold a 27' boat at around $30,000 without a broker, it was the best of all possible situations but still a PITA. Boat was parked in an area of high foot traffic in the marina and the buyers were a young couple that had looked at all the bargain price boats and decided they wanted one that needed nothing.
They were locals in a small marina area, neighbors sort of, still had to kind of accept on faith that the bank check would clear. Took them for a couple test sails, showed them as much about the boat as was possible before even accepting a written offer. Taught them how to dock and operate under power etc. Had to handle the boat for sea trial and survey, walked them into the marina office to help them jump thru the hoops required to get a slip etc. etc.. They got a larger boat a few years later and are now committed to a plan to remove to a boat in the BVI's.
Just the other day they once again thanked me for getting them started in a lifestyle they love. So rather a rewarding experience but overall a PITA. The boat sold within a month and I didn't start getting any serious responses from the usual online places I advertised on until it was all but sold.
I got best response from the "For Sale" sign on a boat parked next to the best coffee place in the harbor.
__________________
Calif.Ted is offline   Reply With Quote
Old 02-05-2016, 18:41   #7
smj
Registered User

Join Date: Nov 2007
Boat: Searunner 38 catamaran
Posts: 3,654
Re: Broker or No Broker

We are on our 10th cruising cat. Of the 9 we have sold they have all been sold by owner. You should make a few more $'s selling by owner, but the person that benefits is the buyer as you have vastly more experience and knowledge of the boat than any broker, and this benefits the buyer immensely.
__________________
smj is offline   Reply With Quote
Old 03-05-2016, 02:50   #8
Registered User

Join Date: Apr 2013
Posts: 4,880
Re: Broker or No Broker

Unless you are in a rush, give it a try on your own. If you aren't getting results, you can always get a broker later. If you are successful, you keep the 10% brokers fee.


Even if you are in a rush, no guarantee the broker will sell it that much quicker.
__________________
valhalla360 is offline   Reply With Quote
Old 03-05-2016, 05:16   #9
Senior Cruiser
 
skipmac's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Location: 29 49.16 N 82 25.82 W
Boat: Pearson 422
Posts: 12,381
Re: Broker or No Broker

Unless the rules have changed since I was a broker you can do both.

There are two types of broker listings. One gives an exclusive to a single broker. Doesn't mean you or another broker can't sell the boat but the listing broker will get a (smaller) commission no matter who sells it. This type of listing should come with a guarantee from the broker to put time and money into advertising and showing the boat. If it doesn't then the broker isn't doing his/her job.

The second listing is an open listing. You can list the boat with numerous brokers if you like and sell it yourself. As long as you don't sell it to a buyer that was originally introduced by the broker then you can sell it without any commission. The broker(s) generally don't want to spend money advertising an open listed boat but if it's a good deal and a good boat they will still work hard to sell it for the commission. Open listing can get more brokers working harder to sell your boat since each broker you list it with can benefit from receiving the listing and the selling commissions.
__________________
The water is always bluer on the other side of the ocean.
skipmac is offline   Reply With Quote
Old 03-05-2016, 06:31   #10
Registered User
 
MrReedatsea's Avatar

Join Date: Dec 2015
Location: Indiana
Boat: 1989 O'Day 322
Posts: 63
Re: Broker or No Broker

Quote:
Originally Posted by JusDreaming View Post
We are getting ready to retire from our cruising years, and sell our cat. The big question is rather to use a broker or not. Looking for your distinguished opinion on this subject.
I don't know where you are located exactly, but I just bought my first sailboat through a broker named Steve Purcell on Marco Island in Florida and I cannot recommend him highly enough. If you'd like his contact information, PM me.

Good luck!

-t
__________________
Terry Reed
MrReedatsea.com
s/v seaReed
MrReedatsea is offline   Reply With Quote
Old 03-05-2016, 08:56   #11
Senior Cruiser

Cruisers Forum Supporter

Join Date: May 2014
Location: So Cal
Boat: Beneteau 38 Nordlund 72, Marquess 55, Jenneau 49
Posts: 286
Re: Broker or No Broker

As far as I know (think) there are only three states that require a broker to be licencesed. Calif, Florida, cant think of the third. I am in California and have always sold by owner. I bought through a broker once because I needed a slip and that seemed the only way to be guaranteed one. He got me one for 3 months because they were going to remodel. He and the brokerage owner promised me that they would get me something else before the end of the 3 months. Yeah! guess what happened. If you go through a broker get it in writing or save the commission and do it yourself.
__________________
Valmika is offline   Reply With Quote
Old 03-05-2016, 09:56   #12
Registered User
 
duefocena's Avatar

Join Date: Aug 2010
Location: Newport Beach, CA.
Boat: TPI Lagoon Catamaran 42'
Posts: 234
Images: 1
Re: Broker or No Broker

In this letigious society I look at using a broker akin to cheap insurance. Dealing with the public on a large ticket item can be arduous and outright dangerous. I know of a current litigation against the seller three years after the sale for not disclosing that the boat had been grounded at sometime in the past. Not withstanding the lookie loo's, financing not coming through, people not showing up and legions of neophytes trapesing through your boat it can be very dangerous. A few years ago, here in Newport Beach, a couple showed their boat to a prospective buyer. A couple with a baby came aboard their 50' power boat and during the sea trial, murdered the senior couple tying them together with duct tape. Wrapping them with anchor chain they were thrown overboard to drown in 100' of water. 10% commission to alleviate any of these issues? Count me in !
__________________
duefocena is offline   Reply With Quote
Old 03-05-2016, 10:27   #13
Registered User
 
Scout 30's Avatar

Join Date: Oct 2014
Location: Florida
Boat: Scout 30
Posts: 2,343
Re: Broker or No Broker

Yacht Murderer: I 'Never Really Felt Evil' - ABC News
__________________
Scout 30 is online now   Reply With Quote
Old 03-05-2016, 10:37   #14
Registered User

Join Date: Jun 2013
Location: Bellingham, WA
Boat: Bruce Roberts 44' Steel Mauritius
Posts: 578
Re: Broker or No Broker

A good broker is worth their weight in gold but not every broker is good.
__________________
Mithril Bham is online now   Reply With Quote
Old 03-05-2016, 10:47   #15
Registered User
 
got seashells?'s Avatar

Join Date: Aug 2010
Location: Florida
Boat: Rinker Express Cruiser
Posts: 113
Re: Broker or No Broker

An opinion from a buyer. When we started off on this journey we started out with a broker. 3 trips across country close to $6,000.00 in travel expenses working with a broker and no boat we changed our game plan (one of the boats he sent us pictures of that made us schedule the last trip had to have had their pictures taken on the maiden voyage as it was not even able to float on its own when we got there). We have purchased 3 boats and one from a dealer and the other 2 by owner. We will be looking again in 3 years and will start our search with boats for sale by owner.
__________________

__________________
got seashells? is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not 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 Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Broker or no broker, that is the question. paulandharm Rules of the Road, Regulations & Red Tape 7 21-02-2013 18:36
'Do-it-yourself yacht broker' Never pay a broker again! Jort Vendor Spotlight - Great Deals for CF Members! 5 24-01-2013 10:40
If it's Better to Buy Through a Broker-to-Broker Arrangement, I Need a Broker YesIsail Multihull Sailboats 4 14-11-2011 10:00
Broker or No Broker ? Nick & LA Multihull Sailboats 12 10-05-2010 07:29
Broker or No Broker dingoman General Sailing Forum 8 26-02-2010 14:23



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 11:17.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.