southchinasea
Well-Known Member
Just been quoted 10% as a brokerage fee (Sail)... Seems extortionate but I
wouldn't know. Any advice?
Cheers
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wouldn't know. Any advice?
Cheers
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Brokerage fee rip off?
- Thread starter southchinasea
- Start date
aod
Well-Known Member
www.yachtsnet.co.uk.
He charges I think 6% but I agree the big boys are on a mega Great British ripoff. Same as everything with boats really. Own a boat and every where you turn you get ripped off awful.
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He charges I think 6% but I agree the big boys are on a mega Great British ripoff. Same as everything with boats really. Own a boat and every where you turn you get ripped off awful.
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longjohnsilver
Well-Known Member
Try putting it on here, costs nothing
<A target="_blank" HREF=http://www.boatsandoutboards.co.uk>http://www.boatsandoutboards.co.uk</A>
<hr width=100% size=1>John.
Has anyone seen the sun?
<A target="_blank" HREF=http://www.boatsandoutboards.co.uk>http://www.boatsandoutboards.co.uk</A>
<hr width=100% size=1>John.
Has anyone seen the sun?
Steve Clayton
Well-Known Member
Somewhere between 6 to 8% seems to be the norm. Don't forget to add the VAT so you might expect to pay something approaching 10%. It's even better than being an Estate Agent (no I'm neither an agent for houses or boats!!!)
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tony_brighton
Well-Known Member
Its only a rip off if people use their services and pay the fees. Dont do it - try everything else first before resorting to a broker.
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Oldhand
Well-Known Member
Try www.boatmatch.com. They charge 2% plus a small legal fee and sold my last boat no problem.
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Spyro
Well-Known Member
Try posting an add in PBO or similar mag, anyone seriously looking to buy would be searching the classifieds in yachting mags,
so what are brokers doing for their several thousand pounds per boat and why is it a percentage of the selling fee? Does it cost more for there services on a boat at £100,000 as opposed to one at £10,00? After all, anyone one buying pays for liftouts, surveys etc.
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so what are brokers doing for their several thousand pounds per boat and why is it a percentage of the selling fee? Does it cost more for there services on a boat at £100,000 as opposed to one at £10,00? After all, anyone one buying pays for liftouts, surveys etc.
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qsiv
Well-Known Member
Up to 8% is normal, nearer 6% for sole agency
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warrior40
Well-Known Member
Re:
8% +VAT is the industry norm set fee.
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8% +VAT is the industry norm set fee.
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smee
Well-Known Member
Brokers generally charge 10% (+VAT) if there is an overseas componant in the sale i.e: you or the boat or, the buyer is abroad - be aware particualrly of this point which can give people a shock if they don't read the small print!!!!!
Of course some brokers charge a minimum fee which can work out at 10% or more, e.g: min charge £500 on a boat sale of £5,000!
It is fair to say however that brokers tend to do more work for their money than estate agents, as brokers do conveyancing which the lazy estate agents don't (.....mind you, would you trust them for that?!!). However 10% is exhorbitant! As is 8% in most cases. It is quite possible to make a profit if 5% is charged but many brokers would cause uproar at that suggestion.
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Of course some brokers charge a minimum fee which can work out at 10% or more, e.g: min charge £500 on a boat sale of £5,000!
It is fair to say however that brokers tend to do more work for their money than estate agents, as brokers do conveyancing which the lazy estate agents don't (.....mind you, would you trust them for that?!!). However 10% is exhorbitant! As is 8% in most cases. It is quite possible to make a profit if 5% is charged but many brokers would cause uproar at that suggestion.
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G
Guest
Guest
Boatmatch charges 2% sole and 3% joint listing ...it's free to list and they have many satisfied customers.......http://www.boatmatch.com .....how other brokers charge in excess of 5% is daylight robbery.
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DavidP
Well-Known Member
DavidP
Well-Known Member
DavidP
Well-Known Member
DavidP
Well-Known Member
longjohnsilver
Well-Known Member
Bit of a twitchy finger there David, however a site I've not seen before, is it free to use?
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southchinasea
Well-Known Member
Many thanks to all who resonded. Not sure what I would do without this site!!
Cheers
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Cheers
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rogerroger
Well-Known Member
check out www.myboatdetails.com
<hr width=100% size=1>/forums/images/icons/cool.gif Roger Holden /forums/images/icons/cool.gif
<A target="_blank" HREF=http://myboatdetails.com/firstmagnitude>First Magnitude</A>
<hr width=100% size=1>/forums/images/icons/cool.gif Roger Holden /forums/images/icons/cool.gif
<A target="_blank" HREF=http://myboatdetails.com/firstmagnitude>First Magnitude</A>
Ohdrat
Well-Known Member
As someone at the other end (buying a boat) I would say most brokers have a real cheek...
Very few seem to have a good background knowledge of the boat and very reluctant to provide information generally.
All I can say is that I've put miles on my car and got my first grey hairs climbing dodgy rotten step ladders.. wonder what the HSE would say about that!
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Very few seem to have a good background knowledge of the boat and very reluctant to provide information generally.
All I can say is that I've put miles on my car and got my first grey hairs climbing dodgy rotten step ladders.. wonder what the HSE would say about that!
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