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Guest
Guest
Why do Brokers charge 8% when esate agents charge 2% or less
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blueglass
New member
Actually got my house on the market currently on a 0.75% commision! As for brokers well................
Usual story - anything to do with boats has to cost more because they are well.......boats. Same with spares/ accessories etc. Put the word marine in front of the name and the price has to be increased vastly because boat owners are all loaded aren't they?!?
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Usual story - anything to do with boats has to cost more because they are well.......boats. Same with spares/ accessories etc. Put the word marine in front of the name and the price has to be increased vastly because boat owners are all loaded aren't they?!?
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hlb
RIP
You tell the broker you will pay 5% or try 4%. You only pay him 8% if feeling very kind. Or you got a crap boat that is very hard to sell......./forums/images/icons/smile.gif
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Haydn
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Haydn
ari
Well-known member
How many houses does the average estate agent sell compared to brokers selling boats?
How many of the population own (therefore buy/sell) houses compared to boats?
How many houses do estate agents sell at circa £20K?
How much do you pay the solicitor for handling the paperwork of an estate agents sale?
How much does a colour advert in Motorboat & Yachting and/or Boats and Yachts cost to place compared to an estate agents black and white ad in the back of the local rag?
How much is the rent on a shop in the high street compared to a marina waterside unit?
Does the estate agent have to organise sea trials? Get the house craned out for a survey??
Bottom line is, if it were profitable for a broker to operate at 2% or even 4% don't you think there would be brokerages opening up doing just that? THink about it, they'd clean up and put the rest out of business!
Doesn't happen though does it............???
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How many of the population own (therefore buy/sell) houses compared to boats?
How many houses do estate agents sell at circa £20K?
How much do you pay the solicitor for handling the paperwork of an estate agents sale?
How much does a colour advert in Motorboat & Yachting and/or Boats and Yachts cost to place compared to an estate agents black and white ad in the back of the local rag?
How much is the rent on a shop in the high street compared to a marina waterside unit?
Does the estate agent have to organise sea trials? Get the house craned out for a survey??
Bottom line is, if it were profitable for a broker to operate at 2% or even 4% don't you think there would be brokerages opening up doing just that? THink about it, they'd clean up and put the rest out of business!
Doesn't happen though does it............???
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hlb
RIP
Well. Maybe you need an education? I've had two brokers offered me 5%. Else I would not have written so, would I...??
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Haydn
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Haydn
ari
Well-known member
Well, I guess you get what you pay for. Theres always someone who'll "do it cheap", be it build your conservatory or try and flog your boat.
If the price is your sole concern then I'd say you got a bargain. Whether they sell your boat remains to be seen of course!
Then again it might simply be someone astute enough to realise that a Princess 35 with twin diesels is probably one of the easiest boats in the world to sell, or even has someone looking for one. In which case a quick 4% is probably worth having.
Good luck!
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If the price is your sole concern then I'd say you got a bargain. Whether they sell your boat remains to be seen of course!
Then again it might simply be someone astute enough to realise that a Princess 35 with twin diesels is probably one of the easiest boats in the world to sell, or even has someone looking for one. In which case a quick 4% is probably worth having.
Good luck!
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G
Guest
Guest
I'm sure many estate agents in the 80's and even the 90's made the same statements about low cost agency fees,ultimately the market decides...those who could not make efficiencies to sell at 2 percent went to the wall...it took a few years for some old fashioned estate agents to realise this was happeing...I think the rate of change will accelerate,with internet brokers offerring an alternative
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ari
Well-known member
Oh yes, there are plenty of internet brokers for sure! If all you want from a broker is to stick details of your boat in a big long list then you're in business!
Of course if you want someone to actually sell your boat...
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Of course if you want someone to actually sell your boat...
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hlb
RIP
Dont tell me. I'll take a guess. Your a boat broker!! Or at least belong to there benevelant fund charity!.........../forums/images/icons/laugh.gif
What you going on at me for anyway. I dont want to sell a boat. Only informing that some of the best and biggest brokers in the country will offer 5% commision. I dont know their motives for this nor am I interested.
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Haydn
What you going on at me for anyway. I dont want to sell a boat. Only informing that some of the best and biggest brokers in the country will offer 5% commision. I dont know their motives for this nor am I interested.
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Haydn
ari
Well-known member
Sorry, got confused by your post "I've had two brokers offered me 5%. "
I guess that explains the good rates you get then, special discount as your boat isn't actually for sale hence no costly of time consuming advertising and boat viewings!!
Just joshing with you H, it just strikes me that brokers seem to get a regular bashing on here (wasn't there some guy from one of these internet boat listing web sites kept coming on and making comments about brokers commissions?)
I just feel that comparing brokers with estate agents is a very lazy comparison. Yes they both sell expensive items for people for commission, but they operate in quite different ways and with quite different parameters, hence my posts above.
Lets face it, if it were that easy and that lucrative everyone would be at it. Not hard to hang a sign over your desk proclaiming yourself a broker and set to, probably much harder to build a long standing successful business of it though...
All in my humble opinion, yadad yada! :-D
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I guess that explains the good rates you get then, special discount as your boat isn't actually for sale hence no costly of time consuming advertising and boat viewings!!
Just joshing with you H, it just strikes me that brokers seem to get a regular bashing on here (wasn't there some guy from one of these internet boat listing web sites kept coming on and making comments about brokers commissions?)
I just feel that comparing brokers with estate agents is a very lazy comparison. Yes they both sell expensive items for people for commission, but they operate in quite different ways and with quite different parameters, hence my posts above.
Lets face it, if it were that easy and that lucrative everyone would be at it. Not hard to hang a sign over your desk proclaiming yourself a broker and set to, probably much harder to build a long standing successful business of it though...
All in my humble opinion, yadad yada! :-D
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hlb
RIP
Theres no one bashing anyone. Except maybe you??? The question was.
Why do Brokers charge 8% when esate agents charge 2% or less .
Answer is. They all dont . Or are negotiable.
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Haydn
Why do Brokers charge 8% when esate agents charge 2% or less .
Answer is. They all dont . Or are negotiable.
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Haydn
ari
Well-known member
Crikey, who am I bashing!?
Sheesh I give up, sorry for trying to come up with some valid pointers to why there is such a difference....
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Sheesh I give up, sorry for trying to come up with some valid pointers to why there is such a difference....
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tcm
...
Well, I think they are valid reasons.
However, the 2 and 8 percents are starting points, as hlb mentions. Also he is in bit of a mood since his fish have all been eaten.
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However, the 2 and 8 percents are starting points, as hlb mentions. Also he is in bit of a mood since his fish have all been eaten.
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hlb
RIP
Nope. Still there!! Even found some extra ones. They must have been brought by the stork............../forums/images/icons/laugh.gif
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Haydn
G
Guest
Guest
Re Lawyers costs compared with estate agents
Forget about Brokers, extorsion what about the comparison between Lawyers and Estate agents fees for house sale/purchase. When you think just what a Solicitor has to do compared with the one advert of the agent chappie.
Rob
<hr width=100% size=1>robinwdunham
Forget about Brokers, extorsion what about the comparison between Lawyers and Estate agents fees for house sale/purchase. When you think just what a Solicitor has to do compared with the one advert of the agent chappie.
Rob
<hr width=100% size=1>robinwdunham
milltech
Active member
The estate agent is dealing in a local area, people come to him. If you have a prestige property to sell nationally those agents will want a marketing contribution from you. A good broker will be advertising his services, and probably listing your boat in PBO, (around a couple of grand a page), and other mags. His weekly transactions will be far fewer than an Estate Agent.
In any limited market costs are higher, and actually I don't know any super rich yacht brokers, at least they may be but they don't show the cash if they are.
<hr width=100% size=1>John
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In any limited market costs are higher, and actually I don't know any super rich yacht brokers, at least they may be but they don't show the cash if they are.
<hr width=100% size=1>John
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petem
Well-known member
Supply and demand. If there weren't people willing to pay 8% then they couldn't charge it. Being a boat broker, even at 8% is not a job i'd fancy.
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sfh
New member
If you are not happy with the charges, do not engage the services, simple, this is not a tax, fine or manditory payment, it is an agreement between two parties. There, was a post last week about an oversea's offer on a private sale a broker would have negated this problem. I have had problems with brokers but it was my choice to use them.
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boatmatch
New member
As Ari appears to be having a good old knock at 'internet' brokers I feel I have a right of reply as an 'internet' broker. I can assure him that the internet does work as a medium for advertising boats for sale, we have already sold over 60 boats using the internet through boatmatch and we are selling more and more as we get better known. We do not find expensive marina sites of any benefit, nor the many unecessary overheads he mentions other than support advertising in major boating publications such as MBY & YW (and on YBW of course!). A low commission does not necessarily mean a lower level of service, in boatmatch's case it means a lower level of overheads.
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ari
Well-known member
So you take the photos, handle all the viewings, do the sea trials, take the boats round for surveys etc etc?
Is that correct?
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Is that correct?
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