Story by Andrew Holland / June 20, 2017
No matter what kind of catamaran that you own, there are several things that hold true for sellers no matter what kind of boat that you have. The intention of the following guide is to give you as a seller some valuable tips and information to help you sell your boat as quickly and smoothly as possibly and for the best possible price.
Make sure that you’re working with a broker who is an expert in what you are selling. If you are selling a catamaran, you do not want to be represented by a broker who specializes in Trawlers. Make sure you are represented by someone who has first hand experience in the type of boat that you have and who has a proven track record of getting results.
It’s important to understand that every yacht has a value in any given market. However, too often sellers believe that this price is determined by the price that they paid for the boat, plus the cost of any repairs or upgrades that they have done to the boat. In short, if this is the remedy that you are using in gauging an asking price for your boat, be prepared for your boat to sit idly on the market for a while.
The asking price of your boat can only be determined by a thorough examination of the current market. By looking at the reported sold comparables, other boats that are also on the market that are comparable to the boat you are trying to sell and by comparing the condition and inventory of each of these boats you can begin to gauge a proper asking price.
It’s important to understand as a seller that the quality of the information that you place in the online and print advertisement of your boat directly coincides with the overall number and quality of the leads that are generated. With this being said, it’s vitally important that you as the seller provide your broker with a detailed inventory of your boat, along with a detailed analysis of work that has been done on the boat.
Most importantly, however, is the quality of the photos that you present along with any videos that might be available. High quality photos of each and every angle of the boat are essential to putting together a quality presentation for your yacht. So when the time comes to sell your yacht, consult with your broker on how to best achieve a listing that will generate as much interest as your yacht deserves.
Where your boat is lying will directly affect how quickly and at what price your boat will sell. Without question, a boat that lying on the docks in Fort Lauderdale will generate more interest than one that is lying in a far flung part of the world that is not is easily viewable.
To remedy this, when you are getting close to the time of selling and you are still voyaging on your yacht, discuss with our partner and get in touch with a knowledgeable broker on what your best course of action would be on where to end your journey and where your boat will be best marketed.
Always make sure that your broker has the current showing instructions and keys to your boat readily available. Boat showings can often be last minute affairs and it’s important that your broker has easy access to the boat.
Make sure that the boat is showing nicely when you have clients coming to view her. Stow away loose items so that the interior is showing as nicely as possible. In addition, you may want to consider having the boat cleaned and/or professionally detailed to give the potential buyer a great first impression.
These are just a few tips on selling your catamaran for the best price possible. For more information or advice, feel free to contact me at An****@**************ny.com or by phone at 215-508-2704 or 215-630-3273. Fair sailing!
We had a great purchasing experience with The Multihull Company. Got us into the boat we really wanted, our broker Josie was amazing, she walked us through the entire process, negotiated the deal we wanted and gave us great advice throughout. If you are looking to purchase a boat we can’t recommend them enough.
It’s been a few weeks now and the dust has settled. We had a great experience with the Multihull Company and in particular our broker, Caroline Laviolette. Caroline was happy to share her knowledge of the market and the catamarans we were interested in purchasing. She was patient and thorough as we looked at several boats in SE Florida, helped us narrow our search and eventually purchase a beautiful 2017 Lagoon 42. Many thanks to the team at The Multihull Company!
We had a great experience purchasing our boat with Will Miller as a buyers agent. Purchasing our first large Cat is a daunting experience and Will was able to walk us through the process with ease. Will was very straight forward and constantly gave us honest feedback as well as finding and pointing out details on all the boats that we may not have noticed or thought about.
We had a great experience and would use them again.
I would specifically recommend a buyers agent when purchasing to help weed through a lot of problems and misrepresented boats on the market.
We have had great experiences with the Multihull company. We both sold our old boat through them, and bought our new boat through them. I have to say that Will Miller is top-notch, and Riley was great as our broker for selling our O day 39. when you buy a Salt or Boat through them, I feel like you are not only clients, but you are friends. The lines of communication were always open and we were always informed of everything going on.
Successful relationships cannot exist without it. At The Multihull Company we base every relationship on a firm commitment to earning and retaining our client’s trust.
Advice of any kind is valuable only when grounded in hard-won expertise. It too, must be trustworthy. Trust and expertise define the heart and soul of The Multihull Company. We are a team of skilled professionals who thrive on providing expert, trustworthy advice and service to catamaran and trimaran sailors around the globe.
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