Used trawlers are spectacular pieces of equipment. However, buying trawlers directly from a seller can be difficult and can also lead to losses. And you will also end up with a ship that is not seaworthy. Listed below are several things to behold.
Introduction
A couple of days ago I returned a phone call that was left on my voicemail from a guy asking about used trawlers for sale by owners. When the person he called answered, I told him who he was and told him that he was a yacht broker and did not represent used trawlers for sale by owners. I asked him how I could offer him my past experience regarding other used trawlers he might be interested in. The used boat buyer quickly responded that he did not want to buy a used trawler through a broker and hung up the phone. I shrugged and wondered precisely why I would NOT want to buy a used trawler through a broker. If you are thinking of purchasing a used trawler, here are several items to remember. There are problems associated with buying a used trawler for sale directly from an owner.
Locating a good used trawler
For starters, a yacht broker has access to information that you won’t or can’t get. A broker with integrity will be honest regarding used trawlers for sale. When there is a problem regarding used trawlers, he will notify you. I use a disclosure form to inform buyers of problems with the used trawlers I represent. If you are using a buyer’s yacht broker, he/she will search for other used trawlers for you and help you determine which used trawlers are definitely worth visiting or considering. You’ll talk to other brokers about their used trawlers by asking them the right questions and discover facts you probably wouldn’t acquire on your own. Trying to buy used trawlers directly from a seller will probably annoy him because he won’t know if he is telling the truth. So getting a used trawler for sale from the owner; the buyer of the boat will not have access to this information.
What is a fair selling price?
As soon as that potential used trawler is found, what is a good and sensible price to give? Using the data located on sold boats.com, it will provide you with the prices of equivalent used trawlers that were sold in the last few months. Don’t forget, a used trawler is worth the price you are willing to pay and the boat seller is willing to accept. Therefore, buying used trawlers for sale from the owner; you as a buyer will not have access to this data. Most importantly, a broker will understand the seller’s motivation and guide them in offering an amount that will allow you and the seller of the boat to negotiate a fair selling price.
Who gets the money?
Expert brokers write purchase agreements that identify each part of the buying process; the time period for the owner to agree to the offer, the date on which you, the buyer, will reject or accept the used trawler, any specific issues upon which the purchase offer hinges, and the anticipated closing date. The contract will also specify that you will get your deposit back if you change your mind. Yes, an offer to buy involves a 10% deposit. We hold it in our escrow account until such time that it is ready to be assigned. Who will hold your deposit in good faith if an agreement consists of you as the buyer of a used boat and the seller of the boat without a third party? When searching for used trawlers for sale by owner, buyers are advised that you as the buyer will not have access to this.
Link checks
When we help buy/sell used trawlers, we do research to make sure you get clear title on the used trawler. When an owner experiences a used trawler for sale, who will do it? Also, financial loans on any existing boat are paid in full. In addition, the documentation is transferred and the Sales Invoices are drawn up. By engaging with a yacht broker, you will obtain the essential legal credentials that establish the used trawler is your boat. Buying a used trawler through an owner can be dangerous if these checks are not done. Once again, when buying used trawlers for sale by owner; you, as the buyer of the used boat, will not have access to this information.
Select your broker carefully
Most brokers are very responsible and treat their clients accordingly. I have heard numerous scary stories from my clients about their dealings with less than competent brokers. A good number of them are looking for a quick buck and don’t care about you as a customer. I have also worked with them and often reflect on how they have ANY client. They don’t return my phone calls or emails; they don’t seem to know much about used trawlers for sale.
Choose your broker carefully; he really works for you.