Whether you are buying your first superyacht or upgrading to a bigger vessel, it is essential to use a yacht broker when buying a superyacht. A yacht broker’s role is to protect your interests throughout the purchasing process, from the initial consultation to support after the sale. Brokers deliver proactive and professional services and reduce the hassle of purchasing a new or used yacht.
A trustworthy, knowledgeable yacht broker makes buying or selling a yacht enjoyable and stress-free. With so many yacht brokers out there, it is essential that you choose a broker who offers experience and integrity. Discover the advantages of using a luxury yacht broker when buying a superyacht.
Extensive industry knowledge
A professional yacht broker has extensive experience in the yachting industry, with a wealth of knowledge about different types of yachts and what they can offer when buying a superyacht. A yacht broker will listen closely to your specific requirements, addressing important questions to help you determine if the type of yacht you want is right for you and if it suits your desired budget. Some yacht brokers also specialise in specific geographic locations to help buyers find their ideal yacht within a defined area.
Most yacht brokers are licenced and insured, offering buyers significant protection and peace of mind. Buyers can be confident that vessels sold by brokers recognised by professional associations meet all applicable regulations and comply with all marine qualifications. Qualified brokers will have access to reliable and multiple listing services both on and off the market, selecting potential yachts to suit a buyer’s specifications. Most yacht brokers will work alongside other brokerages worldwide, providing greater options for yachts for sale.
Informed advice on selecting a yacht
A knowledgeable yacht broker is essential in helping to select your ideal yacht. A yacht broker will help define your yachting requirements, considering the quality, value, performance, and purpose. They will also assist with facilitating negotiations, including price, financing, and establishing the date of possession. Should you require any repairs or upgrades before taking owning the vessel, a yacht broker will suggest trusted professionals that can carry out any maintenance needed.
While brokers can help to secure a yacht sale, a qualified yacht broker will provide experienced advice throughout the due diligence process. The buyer of a used superyacht will typically require a sea trial and marine survey. Your chosen yacht broker will attend these essential procedures to help you determine how to address the surveyor’s recommendations. They will help put into context any survey issues and estimate the time and costs associated with fixing them. Brokers also provide information on nearby yacht services, including repairs and docks.
Understanding the paperwork
Buying a superyacht can be overwhelming, with a significant amount of contractual work completed before purchase. A qualified yacht broker helps simplify this process by checking whether the yacht has a clean title, including the paper trail to show VAT payment, and that there is no outstanding marine mortgage secured on the boat. A broker will also ensure that the title for the yacht is clear to make sure buyers have unquestionable ownership status or rights of access.
Support after the sale
After purchasing a superyacht, a yacht broker’s support does not end. Firstly, your broker will always hold an accurate record of the sale and the boat’s value. Should you require a new part, from a hinge to a new hull, a broker can locate the exact item and ship it to you anywhere in the world. Additionally, a skilled yacht broker can recommend instructors and chefs to hire as crew or help select the best yacht clubs to join if you are a first-time yacht owner.
Thinking of purchasing a superyacht? Get in touch with your chosen yacht broker and start the process today.