Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 14-02-2015, 16:15   #31
Registered User

Join Date: Oct 2007
Location: Winters cruising; summers Chesapeake Bay
Boat: Catana 471
Posts: 1,239
Re: Catamaran Buyer’s Broker

Originally Posted by Sand crab View Post
Heath you can't act as a buyers broker.
Not entirely true.

In effect you can act as your own buyer's broker and negotiate with the listing broker to lower his/her commission to make a deal since there is no other broker involved.

If you don't have one then the seller will just pay the entire commission to his broker.
Not necessarily, and this is key. If you don't have your own broker, the listing broker doesn't have to share the commission 50/50 and can reduce the commission % such that the seller still gets his/her price as if two brokers were involved. The listing broker can reduce their commission to whatever they want to make a sale. In effect, they have the full commission to play with to make a sale with a buyer w/o a second broker. With another broker involved, they have only 50% of the commission to play with.

But an experienced cat broker can steer you in the right direction and give you comps on sold boats for guidance on your offer. They will look for boats, and some have a knowledge about a particular cat that is either a good or bad deal.
Very true, and an advantage to uninformed buyers. You can do all that other stuff yourself to arrive at a reasonable offer. If you are not an informed buyer who has done sufficient homework and who knows what to look for, a broker who is getting paid by the seller can still be valuable to you because they don't get paid unless you buy and they have to earn your trust. The more informed you are, the more trust they have to earn.

Bottom line: unless a broker is entirely separated from the seller by being separated from the commission, he/she works for the seller. Repeat after me: The broker works for the seller. Such a broker not paid directly by you may still be valuable to you and may offer objective input, but you have to weigh the competing interests to judge the worth of this advice. He/she won't get paid unless there is a sale.


2Hulls is offline   Reply With Quote
Old 14-02-2015, 21:31   #32
Registered User

Join Date: Feb 2015
Posts: 12
Re: Catamaran Buyer’s Broker

Originally Posted by Sand crab View Post
Welcome to CF. You don't say where you are from but I think it is wise to use a broker from your country. That way your deposit is held there and if there is a problem then you can deal with them in a language that you speak and read.

However the big guys like the Multihull Company, Catamaran Company, Denison and others are international and do worldwide sales all the time. Multi Co will act as your buyers broker.
How to Buy Your Multihull
I'm sure the others will as well.

Thank you for the advise. Multihull company has been pointed out to me before, I will contact them.
I am Dutch so I will contact their UK branch.

Sent from my iPad using Cruisers Sailing Forum

watervan is offline   Reply With Quote
Old 14-02-2015, 21:48   #33
Registered User

Join Date: Aug 2009
Location: Naxos Greece
Boat: sold swan new very fast cat under construction / Canados 50s
Posts: 764
Images: 16
Send a message via Skype™ to beneteau-500
Re: Catamaran Buyer’s Broker

For the life of me I can't see why you need a buyers broker it must be a Yankee thing to do

beneteau-500 is offline   Reply With Quote


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
If it's Better to Buy Through a Broker-to-Broker Arrangement, I Need a Broker YesIsail Multihull Sailboats 4 14-11-2011 09:00
Looking For an Annapolis Area Broker Recommendation (Buyer) Pau Hana Daz Dollars & Cents 11 12-08-2010 12:53
Buyer's Broker or BoatUS ? virginia boy Dollars & Cents 10 12-08-2010 12:09
Disreputable Broker and Buyer Protection - HELP! TopoJo Dollars & Cents 18 22-02-2010 20:19

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 08:01.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.