Sell your boat today! The Islandside Way!
Here at Islandside Yacht Sales, we know everyone has different needs – that’s why we take an individual approach to selling your boat. In our industry, relationships are key, and having a broker on your side is an invaluable part of the selling process. Our brokers work to maintain an open line of communication throughout the entire sale process, helping our clients benefit from years of experience and industry knowledge along with access to a vast network of marine professionals.
Ready to find out more about selling your boat? Here is our five-step process:
Step 1. You’ve Decided To Sell Your Boat!
Once you have decided to sell your boat with us, we’ll evaluate it by assessing your vessel and taking the necessary steps to ensure it is ready to be put on the market. Recommendations may include having the boat detailed or simply decluttering. Be prepared to discuss as many details as you can about your vessel, including ownership history, your reasons for selling, recent maintenance, etc. The more your broker can learn about your boat, the better they can represent it.
Step 2. Let’s Start Listing!
Once we have viewed your boat, we will then perform a full market analysis to determine the value and a reasonable asking price. Just like buying a house, there are a lot of factors that go into this process, including overall vessel condition and current market conditions. Next, we can start the marketing process which begins with creating a professional listing for your boat and getting it listed on sites such as Yachtworld, Boat Trader, and Boats.com.
Step 3. Our Custom Marketing Approach!
Since each sale is unique, the marketing approach should be too. We use a mix of tools such as social media, Google SEO for online searches, and local boat shows to increase each listing’s exposure to potential buyers. We also reach out to our industry contacts and search our database for clients who may be looking for a boat like yours.
Step 4: Let’s Negotiate!
Negotiations are a natural part of the selling process. A buyer will likely request a survey and sea trial as part of any offer on your boat. Once these are completed, your broker will help break down the survey results with you and the buyer. This will make certain that everyone understands the results and help identify items that may need to be addressed in order to close the sale.
Step 5: Let’s Seal The Deal!
Once all of the details have been ironed out, it’s time to prepare for the closing. Paperwork, loan payoffs (if any), and coordinating with lenders are just some of the steps involved in the closing process. Having a competent broker keeping tabs on important dates, necessary forms, and the overall process is of the utmost importance for both the sale and your peace of mind.