Selling your boat is something that takes a great deal of consideration as there are a variety of factors involved and a number of things that require organizing. Those with experience in both buying and selling boats will know that the stresses will be considerably reduced with the help of a broker to act as a middleman or a lawyer to take care of the legalities.
Boats for Sale: Private Sale
As an individual or someone who is part of a joint ownership you will have quite a lot on your hands. In order to reduce the risks that are inevitably involved with selling such as expensive item you should have a written agreement drawn up, with all factors and features of the sale included.
Boats for Sale: Company Sale
A boat being sold under a company structure will likely have a number of legalities to organize involving shares in the vessel. A lawyer would be a great benefit in this circumstance.
Potential Complications
Selling a boat can sometimes be a complex process so unsurprisingly there are occasionally some hiccups or difficulties along the way. A professional broker will be able to guide you and assist in various areas, as could a boating lawyer. Some of the areas in which boat sellers commonly experience difficulties include but are not limited to the following:
1. Finding a trusted broker
2. Forming a syndicate
3. Multiple ownership
4. Boat exchanges
5. Chartering
