Tips on Selling Your Boat | Getting a marine survey

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Now is the time to invest in taking care of those little annoyances.

Tips On Selling Your Boat | Getting A Marine SurveryIf you’ve ever sold a home before, you know how important it is to put your best foot forward. We all talk about ‘getting our house’ ready for market and the same holds true for your boat.

Things like a generator that won’t start, or lights that won’t work can be perceived as major issues to a potential buyer and beg the question what else could be wrong with the vessel. It could also lead a buyer to intentionally drive the price of the boat down because of all of the ‘repairs’ that are required.

  • Marine survey tells the true story

Having a marine survey completed on your boat before putting it on the market may reveal a number of other ‘fixes’ that you didn’t know about. Or, a marine survey may give your vessel a sparkling review that can be a selling feature.

  • Getting A Valuation of Your Boat

A marine survey will also provide you with a valuation of your boat. Be cautious with this valuation however, and be sure to discuss it with your yacht broker. Most survey valuations are not ‘market valuations’ but are for insurance purposes. A boat is only ‘worth’ what someone is willing to pay for it. As professional yacht brokers, our job is to help you set a price on your boat that is fair and sellable. We use a number of tools including ‘sales’ data, current market state and our years of experience in the industry.

  • Not all surveyors are equal

We can also help you choose a marine surveyor. We strongly recommend that you obtain the services of a qualified marine surveyor recognized by either SAMS (Society of Accredited Marine Surveyors) or NAMS (National Association of Marine Services). Both these organizations work towards professional ethics and standards within our industry.

Taking the initial steps in getting things right before you sell your boat will go a long way towards making it a seamless and rewarding experience.