Judders
Well-Known Member
Does that seem a little steep to anyone else?
A broker wanting over 11%
- Thread starter Judders
- Start date
sailorman
Well-Known Member
including vat ???
Judders
Well-Known Member
Well I wonder just what value they are adding, given that they sold the boat to me less than three years ago... but in all seriousness, I am not sure, so maybe it's even worse.
haydude
Well-Known Member
Walk away! Post the sale on the Internet specialized site Publish an announcement on one of the specialized magazines. Even put it on eBay, as an advert.
All the above together is more than what a broker would ever do. You will get a lot more interest.
The only case when a broker might be useful is for taking care of visits in your absence. But if that is not a problem ...
Tranona
Well-Known Member
8% is more normal, but on a low value boat a higher %age might be expected because of the effort required in relation to the value of the sale.
Twister_Ken
Well-Known Member
Steep? More like alpine.
jac
Well-Known Member
In the end of course it depends on how good they are - If they get you 5% more selling price than the outfit next door then paying them an extra 3% of it doesn't seem a bad deal.
As ever though - see what others think - also try them out - ring a few up asking for details of boats you know they have but don't mention seeing the ad. If it's similar value to yours even better.
See if they send you details, follow it up etc, send you similar info - you know - basic selling stuff.
If they don't answer the phone or can't find any details or send you nothing then how will potential buyers of your boat get to genuinely hear of it. Some will walk past of course but only if they come to look. I suspect many will ring round or spot on internet first before visiting so if your potential broker can't do the basics then don't touch!!
As ever though - see what others think - also try them out - ring a few up asking for details of boats you know they have but don't mention seeing the ad. If it's similar value to yours even better.
See if they send you details, follow it up etc, send you similar info - you know - basic selling stuff.
If they don't answer the phone or can't find any details or send you nothing then how will potential buyers of your boat get to genuinely hear of it. Some will walk past of course but only if they come to look. I suspect many will ring round or spot on internet first before visiting so if your potential broker can't do the basics then don't touch!!
SmileyGiley
Well-Known Member
11% is not an unreasonable request. I'll sell it to you for 50% if you like...
Whether you choose to agree is entirely up to you. You know the best bet...
Boatsandoutboards
Apolloduck
Very good pix, good write up - realistic asking price. With these three clearly given (especially the last one), most things that float will find a buyer
Richard Shead
Slipped Anchor
sailorman
Well-Known Member
you will find that the broker also has to pay the boat yard for the space the your boat is taking up even if the yard own the site. all depts will be self accounting, so they charge each other for services. it all adds to the o/all cost + the broker will have a minimum commission because of the above
Blue5
Well-Known Member
We went through this minefield a few months ago, my 2p worth, dont get caught in neccesarily going with the really cheap % for a broker that just lists it on the internet. A good broker will have a list of clients to match with boats and will earn his %.
Too often when we viewed boats we were just given the keys, and one broker sat in the cockpit looking bored, no follow up phone calls at all, still is shortened our list of brokers we considered for selling our boat.
With our broker we agreed a %, got the price we wanted and sold the boat in 2 months, always got a phone call when viewings were arranged and a follow up call.
But yes 11% is too much if the boats worth 50k but if its only worth 5k !!
longjohnsilver
Well-Known Member
Which brokerage provided you with this good service?
Blue5
Well-Known Member
Boatshed Portsmouth, no connection just a satisfied customer
happyboater69
Well-Known Member
11% sounds crazy!
Waterside Boat Sales have a big ad in All at Sea every month and sure I read they charge 4% ish?
Agree you need a proper broker with offices and also one that uses European websites not just Uk ones
Can't find my All At Sea now but sure you can find them - there are at Port Solent and Ocean village I think.
No connection just her good things about them and there ad has obviously stuck in my mind!
Waterside Boat Sales have a big ad in All at Sea every month and sure I read they charge 4% ish?
Agree you need a proper broker with offices and also one that uses European websites not just Uk ones
Can't find my All At Sea now but sure you can find them - there are at Port Solent and Ocean village I think.
No connection just her good things about them and there ad has obviously stuck in my mind!
capsco
Well-Known Member
Never in a million years, to say it depends how good he is is rubish, even the best will not charge you that amount.
Tranona
Well-Known Member
Think about it! If the sale price is £5k the gross commission is £550. At normal 8% it is £400. Often a small low priced boat takes just as much effort to sell as a substantial boat. How often do you see brokers listing such boats? And have you ever wondered why?
coliholic
Well-Known Member
Here in France estate agents are between 8 and 12 percent paid for by the buyer. And of course plus 19.6% VAT.
Don't know what the boaty brokers charge though
Don't know what the boaty brokers charge though
happyboater69
Well-Known Member
That is why most brokers operate on a percentage of sale price but subject to a minimum fee - nomrally mentioned in there T's & C's
Sandyman
Well-Known Member
Yacht brokers are just like estate agents.................they only survive because people are too lazy or ignorant to do their own selling/buying. And with todays internet access to even bigger audiences than ever before, I fail to understand why anyone would user a broker.......
especially when they want ELEVEN percent. Sod that for a game of sailors.
especially when they want ELEVEN percent. Sod that for a game of sailors.
Tranona
Well-Known Member
What a sweeping statement! Many people do not have the time and skills to sell their own boat. If brokers did not fulfil an economic function they would not exist.
Individuals are quite capable of making their own decisions as to the way they sell their boats. If you think you can get a better net price and have the time to handle it all yourself then fine, but don't knock people for making a different decision.
