I've got a friend that has mentioned my helping them sell their boat
. I've helped other sell their boats with success in the past and have enjoyed the process, but those were small boats of little value. The boat
that my friend wants to sell is likely to sell for around 100k or so I am guessing. The reason that I've helped folks sell their boats in the past has been because they were less familiar with selling and marketing
online. Due to their age/etc. they haven't wanted to learn about these things but also didn't want to list the boats with agents. I've told this friend who recently asked me about helping them sell their boat that it will be best for them to work
with an established broker since that broker can properly handle all of the paperwork and details that will need to be handled during the sale
Now I'm curious what would be involved in selling this boat. I assume that the buyer may be represented by an agent and that after looking over the boat an offer and purchase
agreement would be negotiated and agreed upon. After that a surveyor
hired by the buyer would need to look the boat over and then a sea trial would also be in order. After that final negotiations would take place and then to complete the purchase
I'm assuming that a lawyer or the buyers agent could produce the contract
and advise on processing of all necessary paperwork. I'm not sure that I would want to involve myself with all of that, or that I would be able to handle it properly but I wanted to get a better idea of what is involved and if folks sell their boats themselves how do they handle it? Do most sellers hire agents/brokers to handle all parts
of their boat sale
? What percentages and fees
do the agents/brokers typically take?
I've read up a bit on this online, but haven't found the kind of information that this forum is so good for which is often the kind resulting from first hand experiences of experts in unique situations.