Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 23-05-2017, 12:51   #1
Registered User
 
epiic's Avatar

Join Date: Mar 2016
Location: Ottawa, Canada
Boat: Jeanneau 409
Posts: 246
Getting a boat listed on Yacht World

I am in the process of selling my boat and have been shopping around for a broker but they all want 10% commission. That works out to $28,000.

I understand they do marketing, showings, surveys, sea trials, contracts and closings but I can take care of most that myself so I just don't feel its worth it for me.

Does anyone know of a broker that takes a MUCH smaller commission in exchange for a listing on Yacht World?

A Yacht World listing is the only real benefit I see with a listing agent...
__________________

__________________
2015 Jeanneau Sun Odyssey 409 - 3 Cabin / 2 Head, Shoal Keel, Furling Main, Performance Genoa 135% with Tracks, Folding Prop, Bow Thruster, Air Conditioning, B&G Zeus2 Chartplotter, B&G Autopilot, B&G 4G Radar, B&G ForwardScan Sonar.
epiic is offline   Reply With Quote
Old 23-05-2017, 13:03   #2
Registered User

Join Date: May 2009
Location: holland michigan
Boat: Gulfstar 50 ketch
Posts: 455
Images: 3
Re: Getting a boat listed on Yacht World

You can list here, owners sites, Facebook, Craigslist and sailboatlists. If it's priced Right and clean it should sell. But be prepared to deal with the clueless and time wasters for your savings...
__________________

__________________
ctl411 is offline   Reply With Quote
Old 23-05-2017, 13:05   #3
Registered User
 
Cotemar's Avatar

Join Date: Dec 2007
Boat: FP, Helia 44 Evo
Posts: 5,716
Re: Getting a boat listed on Yacht World

List it on www.sailboatlistings.com and within a few weeks you will get brokers emailing you with great promises that they can sell your boat faster.

Then try and negotiate a better commission % and have them list it on Yacht-world for you.

We had a few brokers email us every week.

We actually ended up selling our's with www.sailboatlistings.com

We then paid a local broker a few hundred dollars to close the deal and make it a secure transaction for both parties.
__________________
Cotemar is offline   Reply With Quote
Old 23-05-2017, 13:19   #4
Registered User
 
epiic's Avatar

Join Date: Mar 2016
Location: Ottawa, Canada
Boat: Jeanneau 409
Posts: 246
Re: Getting a boat listed on Yacht World

I've already posted it for sale on www.sailboatlistings.com and have already started to receive emails from brokers. lol
__________________
2015 Jeanneau Sun Odyssey 409 - 3 Cabin / 2 Head, Shoal Keel, Furling Main, Performance Genoa 135% with Tracks, Folding Prop, Bow Thruster, Air Conditioning, B&G Zeus2 Chartplotter, B&G Autopilot, B&G 4G Radar, B&G ForwardScan Sonar.
epiic is offline   Reply With Quote
Old 24-05-2017, 10:02   #5
Registered User
 
rendern's Avatar

Join Date: Dec 2012
Location: Maryland
Boat: Mainship 390
Posts: 13
Re: Getting a boat listed on Yacht World

I have used knot 10 brokers (as in NOT 10%) at knot10.com. I think they are more like 7%, but you may be able to negotiate that somewhere else as well.
-Norm
__________________
rendern is offline   Reply With Quote
Old 24-05-2017, 10:04   #6
Senior Cruiser
 
akprb's Avatar

Cruisers Forum Supporter

Join Date: Jan 2015
Location: Alaska
Boat: Hunter Legend 40.5
Posts: 491
Re: Getting a boat listed on Yacht World

sailboatlistings.com

Also be prepared for an offer. Contact a documentation agent to handle the transaction and do it AHEAD of time. Have a simple purchase agreement ready and the names and numbers of local surveyors.

Some may argue you can do that yourself but a small fee for a third party who adds legitimacy and safety to the transaction may be worth it. If they maintain an escrow service all the better.

Ask for the deposit and then make the arrangements for the sea trial and survey.

10% is crazy but that being said there is work and time involved and a bit of hand holding ;-)
__________________
www.sailingohana.com

"Take it all in, it's as big as it seems, count all your blessings, remember your dreams" JB
akprb is offline   Reply With Quote
Old 24-05-2017, 10:55   #7
Registered User

Join Date: Dec 2014
Posts: 572
Re: Getting a boat listed on Yacht World

Quote:
Originally Posted by Cotemar View Post
List it on www.sailboatlistings.com and within a few weeks you will get brokers emailing you with great promises that they can sell your boat faster.

Then try and negotiate a better commission % and have them list it on Yacht-world for you.

We had a few brokers email us every week.

We actually ended up selling our's with www.sailboatlistings.com

We then paid a local broker a few hundred dollars to close the deal and make it a secure transaction for both parties.
I see some of the listings going clear back to 2007,surely these boats are still not for sale? What's the deal, have the sellers just failed to remove the listing?confused:
__________________
captlloyd is offline   Reply With Quote
Old 24-05-2017, 11:01   #8
Registered User
 
Cotemar's Avatar

Join Date: Dec 2007
Boat: FP, Helia 44 Evo
Posts: 5,716
Re: Getting a boat listed on Yacht World

Quote:
Originally Posted by captlloyd View Post
I see some of the listings going clear back to 2007,surely these boats are still not for sale? What's the deal, have the sellers just failed to remove the listing?confused:
Sadly, most sellers never go back and shut off the listing once the boat has sold.

You would think www.sailboatlistings.com could setup a software reminder to remind the seller to shut the boat listing off.
__________________
Cotemar is offline   Reply With Quote
Old 24-05-2017, 11:45   #9
Senior Cruiser
 
akprb's Avatar

Cruisers Forum Supporter

Join Date: Jan 2015
Location: Alaska
Boat: Hunter Legend 40.5
Posts: 491
Re: Getting a boat listed on Yacht World

They don't remove or they are overpriced.

One thing a broker does is steer someone who really wants to sell to what the market really is. When I was a broker long ago and if someone was serious we start dropping the price by 5k a week or so, advertise heavy, call our leads and when it hit the true market price the phone would ring. Letting it marinate for too long at a high price just gets stale.

Don't forget good old gorilla marketing. Flyers at your local clubs, small local print ads, Facebook and encourage your friends to share, manufacturers owner webpage, user groups for your model.

REALLY GOOD PICTURES of the boat being enjoyed with cool backgrounds. Staging, have the interior warm and inviting with some Target throw pillows et al. Made up bunks with nice linens, hand towels in the heads and CLEAN, CLEAN, CLEAN. Every locker and nook and cranny clean.

Smell, a little febreeze goes a long way.

Know every other boat like yours on the market as well. See them if you can so you can answer their questions about others before they ask. "Ya, there are two others within a 100 miles, you should look at them, one is owned by a __________, the other is the charter version with x hours. You get the idea.

Good brokers know this stuff ;-)

Gosh this is more fun writing than actually working! Good luck!
__________________
akprb is offline   Reply With Quote
Old 24-05-2017, 12:01   #10
Registered User

Join Date: May 2017
Location: Katy, TX
Posts: 152
Re: Getting a boat listed on Yacht World

(First, let me clearly state that I am not a broker or real estate agent.)

It seems to me that good boat brokers earn their money. Communicating with possible buys and then back to the owner seems extremely important. They know the laws and procedures to make the transfer smooth. They can help define the real market value for a seller, as opposed to the "I fixed it. It's my baby. It's worth 50% more than all the other boats out there.") They can help prepare the boat by explaining to the seller what repairs or upgrades affect the selling time or price the most. And many other things that you "get to do" without a broker.
__________________
leboyd is online now   Reply With Quote
Old 24-05-2017, 12:25   #11
Registered User
 
Fiveslide's Avatar

Join Date: Dec 2009
Boat: JBW club 420, MFG Bandit, Snark
Posts: 595
Re: Getting a boat listed on Yacht World

Quote:
Originally Posted by captlloyd View Post
I see some of the listings going clear back to 2007,surely these boats are still not for sale? What's the deal, have the sellers just failed to remove the listing?confused:
I tried removing my ad after my boat sold. I couldn't do it by just hitting the delete button on the website, some bad coding or something. It took an email to the website people before it was actually removed. I got calls go weeks after it sold.
__________________
Fiveslide is offline   Reply With Quote
Old 24-05-2017, 16:31   #12
Registered User

Join Date: Jun 2010
Posts: 19
Re: Getting a boat listed on Yacht World

I used Sailing Texas and they help set up your ad and only charge you a nominal fee but you do the selling and showing
__________________
twig is offline   Reply With Quote
Old 24-05-2017, 17:14   #13
Marine Service Provider
 
boatpoker's Avatar

Join Date: Nov 2008
Location: Toronto, Ontario or Bahamas
Boat: Benford 38 Fantail Cruiser
Posts: 2,561
Re: Getting a boat listed on Yacht World

I've really never understood the whole percentage thing..... yachts or realty.

Broker sells a $60k boat and makes $6k
Broker sells a $600k boat and makes $60k

Same time and expenses involved, makes no sense to me.
__________________
That hysterical laughter you hear as you sail a way in your "new" boat ..... is the seller.
boatpoker is offline   Reply With Quote
Old 26-05-2017, 09:08   #14
Registered User

Join Date: Oct 2012
Location: Guilford, CT
Boat: Bristol 35.5 1978
Posts: 139
Re: Getting a boat listed on Yacht World

Sold my '84 Catalina 27 thru sailboatlistings and altho successful it did result in a number of wkend sails with potential "buyers", one who came back 2 times with her older son, who she was going to buy the boat for as a Summer activity - NOT. Also posted flyers at our local harbor masters bulletin board. No broker calls as the price was low.

On the flip side, had an excellent experience with broker, William H Shaw Jr, out of Barrington, RI. Yes he is the son of...
I do not know what his commission was, but after I told him what I was specifically looking for he brought a # of potential boats to mind and steered me away from a couple of suspect boats. He ultimately found my current boat. Granted my budget was 1/10 what is being discussed here..
good luck.
__________________
Hoodsail is offline   Reply With Quote
Old 26-05-2017, 09:39   #15
Registered User
 
surf_sail's Avatar

Join Date: Mar 2017
Posts: 72
Re: Getting a boat listed on Yacht World

Quote:
Originally Posted by boatpoker View Post
I've really never understood the whole percentage thing..... yachts or realty.



Broker sells a $60k boat and makes $6k

Broker sells a $600k boat and makes $60k



Same time and expenses involved, makes no sense to me.


True. The internet will eventually disintermediate most broker businesses (boats,h real estate and especially insurance). The % pricing structure is a holdover from when brokers had more power and added more value in the pre-internet days. Unfortunately old habits die slowly, I'm looking forward to brokers disappearing.
__________________

__________________
surf_sail is offline   Reply With Quote
Reply

Tags
boat, yacht

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
Boat Buying - Listed price vs Final Price breezydays Boat Ownership & Making a Living 39 07-03-2015 19:02
For Sale: Listed boat online and broker texted deal. Please advise. OrangeCrush Classifieds Archive 6 06-12-2014 12:06
Determine How Long a Boat Has Been Listed dave777 Dollars & Cents 12 19-08-2012 15:10



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 07:42.


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.