5 Things The Yacht Seller Hidden From You | What You Need to Know Before Purchasing Yacht
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- Опубликовано: 2 июл 2024
- SoWelcome to the Yacht Hunter RUclips channel! In this video, I'll share the most important five most crucial things that sellers won't tell you when buying a boat or yacht of any size. Let's explore the informatic yacht review and subscribe to my channel.🙏🙏 / @yachthunter
⏲️⏲️ Time Stamps ⏲️⏲️
00:00 Intro
00:15 Recent Sales Price
00:55 True Charter Potential
01:25 True Running Cost
01:57 Better Alternatives
02:19Commission Available
02:49 Outro
If you’re buying a yacht, these are the 5 things you must know prior to purchasing any yacht as a salesman may not want you to know this information and an owner probably won't know it.
Assuring these details are not omitted, distorted, or exaggerated is the simplest way for yacht purchasers to get the best deal on any yacht.
1) Recent Sales Price - Whether you're buying a sailboat, a catamaran, a trawler, a flybridge, sportfish, or a superyacht, The first thing the seller isn’t going to tell you, is the most recent sale price of a given yacht. If you’re looking to buy 2012 116’ Azmiut, it’s highly beneficial to know what the most recently sold 2012 116’ Azimut went for. Not only should this help you establish a ceiling for your offer buy more so an anchor to begin your negotiation. Most brokers use this point and mark up the price of a yacht by up to 30% in order to lead a buyer not working with a separate broker that they’re getting a huge deal if they buy 15% under list when in reality, they should be buying 10% under recent sale. This information is tracked in the yachting MLS and can be requested at the following link.
2) True Charter Potential - It’s really common for brokers to make the prospect of purchasing a more expensive yacht more appealing by suggesting that your yacht can be chartered out to reduce or zero out operational costs with the potential to produce revenue. While it’s possible to offset, I highly recommend looking at this strategy as a way to REDUCE operating expenses. This is because more owners are utilizing this strategy which means that more, newer, and cheaper yachts are being made available for charter which adds an element of risk if you exceed your budget,
3) Commission Available - If you have a broker representing you in the purchase of a yacht and they say several things in one direction but then retract or convinces you to turn your perspective in your search to another vessel suddenly, it may be due to the fact that they have found out the seller of the yacht that works best for you will not be paying the full 10% commission. Walking from the right boat for you over their beefed-up commission.
4) Better Alternatives - If you’re buying a particular yacht from a broker, manufacturer, or individual owner, of course, they’re going to tell you the 99 reasons why you should buy their yacht or yachts, but they’ll never suggest alternate options or better potential values as they have their own agenda, not yours. That’s where having your own broker benefits you, especially since they don’t cost you anything when you’re buying. The way I put it is a buyer broker is supposed to give you 99 reasons why you shouldn’t buy a yacht to make sure you buy the right one.
5) Ownership Costs - The easy, generally accepted way and lazy way of projecting operating costs I to account for 10% of the annual insured value of your vessel to be your operating costs, but when purchasing a yacht, ask the owner to open up their books of running costs and service records before you place an offer. This will give you better insight as to how they have maintained the vessel throughout their ownership, and it will reduce the risk of under-budgeting or over-budgeting. Should you stick with the 10% projection, the conservative in me asks you to bump that to 12.5 or 15% to make sure you actively maintain and enjoy your yacht more.
So, if you're in the market for a yacht, this video is a must-watch. Don't forget to like, comment, and subscribe to the Yacht Hunter channel for more insightful tips and information. And for additional resources, be sure to visit www.theyachthunter.com. Happy yachting, my friends!
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Came here thinking it’s GTA but great video my friend
I have a 150 feet wider yacht...It's sp much comfortable while visiting around the Caribbean and laying on the sun-bed at night looking at the sky in quiet and seeing the stars...Then *my sister woke me up ! !*
"Well it is in really good condition and has a special feature so we can't compare apples to oranges" -Nearly every seller after mentioning market price
Sale price ranges widely for different vessels of the same make & model based on the yacht inspection report. Also if potential purchasers don’t know the expected costs & rewards based on how they want to use the yacht they are looking at, they need to step back & do more research before starting the purchasing process...
Noel Renggli That’s absolutely correct. Due diligence and a thorough survey are key.
Very informative. Thanks Yacht Hunter!
Great tips, Chris.
Great info!
Grate info thanks
Angel Boensel absolutely any way I can help you in your search please let me know
Thanks a lot for these helpful vidoes! where do i find recent sales prices?
Www.theyachthunter.com
Test 1
Chris Mortimer test recognized
what he needs to know
All about Algorithms and views. He is making money using this tactic
Who tf buying a yacht
Keeping my options open but I'm still a beginner to yachting, let alone owning one. So just trying to learn about what I'm getting myself into lol
These comments by the presenters just shows the difference between the US and European market - new owners are much less likely to be ripped-off in Europe.
Ps. after seeing the text (key words), I would never use this presenter's services. I have the impression that he is used to selling used cars!
MH0709 thanks so much for your comment but I disagree. There is risk in every transaction and anything a buyer can do, they must do.