Cruisers Forum

Join CruisersForum Today

Thread Tools Search this Thread Rate Thread Display Modes
Old 10-04-2017, 00:44   #1
Registered User

Join Date: Apr 2017
Posts: 3
Selling in the BVI - Broker or no Broker

Hi All,

There is a lot of great information on here on what to look for when buying a boat and the pro/cons on using a buyers broker. However I haven't been able to find much specifically relating to the pros/cons on using a broker for selling your boat, particularly within the BVI's.

My partner and I will be purchasing a boat in the Caribbean (preference is BVI) and doing some crusing in the Caribbean. We would like to fully be aware of all our expenses which means factoring in costs associated with the sale of the boat.

Obviously using a selling broker incurs their commission fee which adds to the overall expense. Does anyone have any information on how difficult it is to sell a yacht (looking at 40 - 44 ft cat and 2008 or newer) in the Caribbean / BVI without using a broker? I.e. How long it may take, is it difficult to gain advertising exposure, paper work difficult to manage etc.

Any advice would be greatly appreciated!
H2Oaddict is offline   Reply With Quote
Old 10-04-2017, 03:19   #2
Registered User
Zanshin's Avatar

Join Date: Feb 2007
Location: Caribbean
Boat: Jeanneau 57
Posts: 1,743
Re: Selling in the BVI - Broker or no Broker

Selling without a broker in the BVI will be difficult. I'd recommend factoring in the broker costs and have them take care of the whole sales process. A good broker will tell you a realistic asking/selling price for the boat, will take care of Yachtworld and other advertising, will perform showings and then coordinate an actual sale including all paperwork (de-registering, re-registering, bill of sale, escrow, etc.). I've used BVI Yacht Sales out of Nanny Cay to sell 3 boats so far and while it hurts to pay that percentage I doubt I could have sold my boats as quickly or seamlessly without a broker.
-Zanshin (SV Zanshin)
Zanshin is offline   Reply With Quote
Old 10-04-2017, 03:43   #3
Senior Cruiser
GordMay's Avatar

Cruisers Forum Supporter

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 38,198
Images: 241
Re: Selling in the BVI - Broker or no Broker

Greetings and welcome aboard the CF, addict.

What Zanshin said.
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"

GordMay is offline   Reply With Quote


Thread Tools Search this Thread
Search this Thread:

Advanced Search
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 06:29
Broker or No Broker dingoman General Sailing Forum 8 26-02-2010 14:23

Advertise Here

All times are GMT -7. The time now is 02:38.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.