Cruisers & Sailing Forums - View Single Post

Don Lucas · 07-01-2009, 06:52

I read past posts on this that kind of asked my question. But I would like to try a new one focused on this question:

When boat shopping do you think it is better, worst, doesn't matter, if you go out and find yourself a buyer broker? On this assume you (I) have done a good job of narrowing down what features you want and have done your reading/research etc. Also assume the price range is $100-150k for the boat to set the potential commission for the brokers.

Even though the broker is working for you, they think they are working for the seller (yes the commision comes out of the sellers funds, but of course the sellers funds all come from the buyers funds). So do they really have much incentive to work the price etc. down for the buyer. Or do they really only want a quick sale for this level of commission and figure they are never going to have to work with you again anyway. Seems to me that a seller broker who gets to keep all the commision is going to work harder to work the deal for you because there is more in it for them(assume you did your homework and can "protect" yourself from them) may be as much or more "value". One of my worries of using a buyer broker is getting a bad one that I get stuck with (I then am pissed off that they get a commision later for the "help" they provided). If brokers really care overall about the buyer, why do most people recommend you find your own suryer insyead of using the one recommended by the broker?

07-01-2009, 06:52	#1
Don Lucas Registered User Join Date: Jul 2007 Location: Salem MA Boat: Cal 39 - D & D Posts: 486	Buyers Broker I read past posts on this that kind of asked my question. But I would like to try a new one focused on this question: When boat shopping do you think it is better, worst, doesn't matter, if you go out and find yourself a buyer broker? On this assume you (I) have done a good job of narrowing down what features you want and have done your reading/research etc. Also assume the price range is $100-150k for the boat to set the potential commission for the brokers. Even though the broker is working for you, they think they are working for the seller (yes the commision comes out of the sellers funds, but of course the sellers funds all come from the buyers funds). So do they really have much incentive to work the price etc. down for the buyer. Or do they really only want a quick sale for this level of commission and figure they are never going to have to work with you again anyway. Seems to me that a seller broker who gets to keep all the commision is going to work harder to work the deal for you because there is more in it for them(assume you did your homework and can "protect" yourself from them) may be as much or more "value". One of my worries of using a buyer broker is getting a bad one that I get stuck with (I then am pissed off that they get a commision later for the "help" they provided). If brokers really care overall about the buyer, why do most people recommend you find your own suryer insyead of using the one recommended by the broker?