dynamic
New member
how do brokers arrive at the charges the make for selling boats anything from 5 to 8% ? if you want to sell a house which involves a lot more work you will only pay half or less?
Broker charges
- Thread starter dynamic
- Start date
JOHNOO
New member
Everything to do with boating (in this country) has a massive mark up.
dynamic
New member
yes but who's daft enough to pay it.
G
Guest
Guest
Good point maybe its because the house selling market is more competive lots of estate agents out there. When I sold my last boat I paid the 8% probably for convenience and the biggest one in this instance was 3 months free mooring on the sales pontoons. My current boat is up for sale on Brooms brokerage but is currently in its berth in Chatham. Negotiated 6% this time, and will take it to Brundall in the new year if she has'nt sold by then.
"Your chance to own a Crown is now"
"Your chance to own a Crown is now"
david_e
Active member
If you get a good broker then it is worth the commission. They will get you far more exposure, give greater reassurance to your buyer, arrange finance, survey etc and be able to judge the saleability of your boat and what you can reasonably expect to get back after the sale.
It is unfair to them to compare housing and boats because the markets are so disimilar, my home town has dozens of estate agents but the nearest yacht broker is at least 90 miles away.
The trick is to get a good one, in buying this year I have met very few I trusted to buy from.
When I sold my boat this year, it went privately through a small add in the monthly mag and a slot in the private ads on this site, try that first if you want to keep the cost down, then a broker. The buyers who scowl the private ads are normally either a) looking for a bargain or b) seeking a particular type of boat.
It is unfair to them to compare housing and boats because the markets are so disimilar, my home town has dozens of estate agents but the nearest yacht broker is at least 90 miles away.
The trick is to get a good one, in buying this year I have met very few I trusted to buy from.
When I sold my boat this year, it went privately through a small add in the monthly mag and a slot in the private ads on this site, try that first if you want to keep the cost down, then a broker. The buyers who scowl the private ads are normally either a) looking for a bargain or b) seeking a particular type of boat.
DavidJ
Well-known member
I guess the question is "Can a broker get more than 6-8% for your boat than you can". If so he is worth it.
David
David
ari
Well-known member
"I guess the question is "Can a broker get more than 6-8% for your boat than you can". If so he is worth it.
David"
Assuming that the job the broker does is worth nothing to you I guess...
Then again, if you put value in the fact that he will prepare details, deal with the paperwork, organise and pay for advertising (big colour ads in expensive magazines if he's a proper broker), conduct sea trials, arrange and deal with lifting for surveys, etc etc etc then maybe you might concede that this is what he charges for?
A bit different to sticking an ad in the local rag then handing the whole deal over to solicitors to handle as soon as they've found a buyer, which is what estate agents do...
David"
Assuming that the job the broker does is worth nothing to you I guess...
Then again, if you put value in the fact that he will prepare details, deal with the paperwork, organise and pay for advertising (big colour ads in expensive magazines if he's a proper broker), conduct sea trials, arrange and deal with lifting for surveys, etc etc etc then maybe you might concede that this is what he charges for?
A bit different to sticking an ad in the local rag then handing the whole deal over to solicitors to handle as soon as they've found a buyer, which is what estate agents do...
ArthurWood
New member
If it makes you feel any better, broker and house agent commissions in the US are 15% and 7% respectively. The difference here is that they actually work hard for their cut.
petem
Well-known member
This topic has been raised many times on this bulletin board. Whilst I share everyone else's viewpoint that brokers could do more for their money there are a few economic realities.......
1) The turnover for an estate agent is far higher than for a yacht broker.
2) Yacht brokers often have to rent very expensive offices in marinas.
3) Yacht brokers will often give you free mooring whilst on their books.
Also, selling boats with the huge number of fender kickers out there must be a real pain. If you think you can do better/cheaper then give it a go.
1) The turnover for an estate agent is far higher than for a yacht broker.
2) Yacht brokers often have to rent very expensive offices in marinas.
3) Yacht brokers will often give you free mooring whilst on their books.
Also, selling boats with the huge number of fender kickers out there must be a real pain. If you think you can do better/cheaper then give it a go.
ari
Well-known member
I think the problem also is that like many trades (estate agents, used car dealers) the few gain the reputation for the rest.
Like most things in life a bit of research can make all the difference between finding a good broker and a bad one.
I always check out the size, location and frequency of their advertising. No good putting your boat with a broker that takes out a tiny b&w ad in the back of Angling Monthly twice a year if you are trying to sell a Fairline Squadron. You need one that reflects your boat and advertises properly in the right places, not the cheapest places.
Also, are they a member of the association of brokers (ABYA I think), do they always accompany viewings or just hand out keys? Are they open 7 days a week?
Not hard to sort the good from the bad generally.
Like most things in life a bit of research can make all the difference between finding a good broker and a bad one.
I always check out the size, location and frequency of their advertising. No good putting your boat with a broker that takes out a tiny b&w ad in the back of Angling Monthly twice a year if you are trying to sell a Fairline Squadron. You need one that reflects your boat and advertises properly in the right places, not the cheapest places.
Also, are they a member of the association of brokers (ABYA I think), do they always accompany viewings or just hand out keys? Are they open 7 days a week?
Not hard to sort the good from the bad generally.
