How To Sell Your Boat Fast | 2019 Guide
How To Sell Your Boat Fast | 2019 Guide
Selling your boat can be an overwhelming endeavor in today’s market and even more so if you need to sell quickly. We are often asked questions such as:
- How do I sell my boat quickly?
- What is the fastest way to sell my boat?
- What is the easiest way to sell my boat?
Yachts 360 is the industry professional in boat buying and selling and has created the guide below to help you through the process. Please contact us directly if you have any questions, comments, or would like to speak with a broker.
Boat Preparation
Detail | Mechanical | Paperwork
Have you ever browsed craigslist and seen photos of dirty boats for sale? Regardless of boat size, a dirty boat is going to turn off buyers. Having your boat professionally detailed should be the first step you take once you decide to sell your boat. This also includes making sure your trailer is up to shape and testing each electrical component of your vessel. Some sellers even go as far as having their boat professionally surveyed to ease the minds of potential buyers.
The required paperwork to sell a boat varies state to state, however most every states requires at least a boat title. A clean boat and trailer title/registration will be the fastest way to sell your boat. If a lien exists, be proactive with your bank and find out exactly how much is left on the payoff so there are no suspicions from potential buyers.
Pricing
So your boat is clean, mechanically sound, and the paperwork is ready to sign off. How should you price your vessel? To sell quickly, the most obvious answer is to list cheap, however this can vary. A good starting point is to head to NADA and fill out your vessels options. This will serve as a general guide for your boat’s value.
From there, research your vessel on sites such as Boattrader, Yachtworld, and even Craigslist to gain a better perspective of which boats are sitting on the market and how the market views your vessel. It is also important to consider the season in which you are selling. In the spring, everyone will have their boats on the market and prices will be driven down due to increased supply. Check out our post on why selling your boat in the winter will save you money for more information.
Time Frame
Do you have your next boat picked out and want to sell fast? Do you have months to spare? These questions will define the process in which you sell your boat. If you need your boat gone yesterday, wholesaling is the best option. As explained below, you will sell under market but will be moving quick. We specialize in wholesale purchases and can close out most deals in less than a week.
Selling Options
1. Wholesale
By far the fastest way to sell your boat…wholesaling will have you out of your boat quickly. Boat wholesalers purchase boats below market in order to re-sell. Yachts 360 specializes in wholesale purchases and can cash you out of your boat in a professional manner. If you are ready to submit your boat for a free offer, simply click here to get started.
2. Brokerage
Boat brokers have access to Yachtworld, other brokers, and a network of buyers not available to the private seller. Boat brokers will create a professional listing with photos, specs, and will shop your boat through their networks. Brokers generally require a ten percent commission charge but often have your boat sold much quicker than a private sell and will handle the paperwork. To learn more, check out our post on brokerage found here.
3. Private
Selling your boat through private listing sites such as Craigslist or paying for a Boatrader ad can lead to success. The rise of spam callers, email phishing scams, and other privacy concerns have infiltrated the private market yet many boaters have success stories. Be careful when meeting potential buyers in person and it is best proactive to also have friends with you for the process. Check out the Craigslist safety page found here for more information
Ready to Sell?
If you are ready for a cash offer on your vessel or would like to get started with a Yachts 360 broker, we are here to help. Yachts 360 has perfected the boat buying and selling processes and would be happy to help you through each step of your boating journey. We will help you sell your boat quickly and would love to work with you. Get started today by submitting your boat below!