There is an option to sell a yacht for some reasons. Maybe the owner has changed their hobby from being a voyager to a businessman. Whatever it is, there are many potential buyers out there that you can negotiate with.
To begin with, you can use the search engine to hunt for thousands of brokers looking for yachts. You will find a lot but this does not guarantee the success of having the right buyer. Most of them come from Asia where yacht trips are famous, however, luxurious boats are now accessible in any part of the globe.
Below is a list of countries in Asia where you can sell a yacht at a reasonable price:
If you love reading articles about yachts, you might hear about Phuket more often. Thailand is known for its rich marine life around the world. Many beautiful islands are based in Thailand, such as the Andaman Sea. This very reason had pushed a lot of tourists to invest in a yacht to be able to explore the different islands. The truth is that plenty of boat owners have the best experience in selling a yacht in Phuket, Thailand.
Another yachting center in Thailand is located in Pattaya. There are local experts in this place that can assist boat sellers in chartering a yacht. Pattaya is a good spot for both small and superyacht models. Hence, the chance of disposing of a yacht in Pattaya is higher than you expect.
The citizens of Malaysia also enjoy yacht travels due to the ports built nearby. The most popular one is Port Dickson which is perfect for sailors who love to explore the Pacific Ocean. It is additionally close to China and Indonesia that can provide amazing yacht scenery. There are also people to contact in case you need help in selling your yacht.
Singapore has local offices to aid yacht sellers to find the right buyer. Sentosa Cove is a famous port for yachts in Singapore that contains a lot of elegant boats. Like Thailand and Malaysia, this part of Asia has the most stunning beaches perfect for yachting.
- Hong Kong
Hong Kong is another home of luxurious yachts. Thus, if you are planning to sell a yacht, Hong Kong is a great place to start. Many rich people are willing to spend a lot of money to take a ride on a high-end boat. It is an exclusive trip with the help of the Shangri-La Group and is perfect for a higher budget as well. There is a team in Aberdeen Marina Tower always ready to assist you in selling your yacht.
There are many more Asian countries, like China and Taiwan, where you can sell a yacht. They even accept pre-owned yachts for a reasonable price, as long as the parts are well-functioning. That is why yearly maintenance is necessary to keep the yacht in a good condition during the sale.
The Benefits of Hiring a Broker
Selling a yacht can be crucial if it is your first time. Perhaps you want to upgrade to a larger vessel or you want to escape the cost of the repairs. Another reason is moving to a place where you cannot park a boat. If that is the case, you will need a broker to help you sell the boat.
Below are the advantages of working with a broker during the sale:
Yacht brokers can guide you every step of the way by giving tips on how to sell a boat more efficiently. They have also built connections with potential buyers to achieve your selling goals. A broker will lead you to the right decisions, especially in setting a price that is suitable for the yacht’s condition. It will provide strategies to better attract buyers without hurting your profitability.
The broker’s fee is inclusive of the promotional cost of your yacht for sale. There is no need to lift a finger to gain potential buyers. It is the job of the broker to find buyers that can meet your demands. Moreover, a wider network of brokers would shorten the selling period.
Filling up legal papers needed to dispose of a yacht can be stressful. With the help of an expert, you can skip the process and let the broker manage everything. This will finish the whole process a lot faster and more accurately.
Smooth Title Transfer
The broker will serve as the mediator between the seller and the buyer. Its job is to reassure and transfer the title precisely. The process will be smoother than doing it by yourself.
Conflicts cannot be avoided even when selling a yacht. For instance, the buyer does not show up due to a last-minute conflict. A broker will do everything to ensure that the transaction will be completed.
The Best Yacht Broker We Recommend
Now that you know the importance of a broker when selling a yacht, it is time to seek help. Have time to talk to Simpson Marine about your yacht selling concerns. Be willing to learn new strategies of how to sell a boat that will benefit both parties.
If hiring a broker does not seem to work for you, there are two alternatives you can consider. Some yacht owners choose to transact with a dealer for convenience while others sell boats privately. Nonetheless, such options cannot guarantee a high return as much as working with a broker.