There are many ways to sell your yacht, but some are certainly more effective than others, and here’s what you need to know. You need to understand how to attract the right buyers, improve your yacht’s appeal, and market it effectively. Most importantly, you need to invest in basic maintenance and cosmetic upkeep to ensure your vessel looks and runs great before you list it for sale. Discover the top tips for selling a yacht, including how to optimize its value to maximize your profit.
Best Methods to Sell Your Yacht
See why you should invest in yacht insurance, too, to protect your vessel.
Invest in Yacht Insurance
If you’ve recently listed your yacht for sale or have plans to do so in the near future, yacht insurance might not seem like a necessity. It’s true that your liabilities are lower if you aren’t actively sailing your yacht, but that doesn’t mean you’re free from risk. On the contrary, your yacht is always susceptible to damage — especially if you dock it at a marina where other vessels regularly come and go. Mariners yacht insurance protects your yacht from potential damages and liability while you wait for it to sell.
Take High-Quality Photos
Once you’ve invested in the right insurance policy, you can start working on your sales campaign. In addition to advertising in local publications, you will likely want to advertise online in order to garner more attention. Photos will make a major difference in the success of these efforts. A listing that features a collection of high-quality photos will be much more successful than one that features no photos. Take photos that showcase the full interior and exterior of the yacht so that prospective buyers can see its aesthetic appeal.
Decide Whether You Need a Broker
When you list your yacht for sale, you might get lucky and field an influx of interested buyers. If you’re not so lucky, though, you might not have much interest at all. Before you put the yacht on the market, you should consider whether you want to enlist help from a broker who can assist you with selling it. A broker can get your listing in front of more people and help coordinate viewings with prospective buyers. In exchange, they will typically take a portion of the profits as a commission.
Protect Your Investment With Yacht Insurance
No matter which route you choose to take when you sell your yacht, you need to ensure that it’s protected from any damage that could occur. Boat accidents happen all the time, and they can cause thousands of dollars in out-of-pocket costs if you are not insured. Investing in yacht insurance will keep your vessel safe from expenses like this so that you can sell your yacht with confidence.]
About Mariners Insurance
Mariners General Insurance Group was founded in 1959 to protect boat owners and marine business clients. We are marine insurance experts and insure boats worldwide – in every ocean on the planet. Marine insurance is critical if you own a boat or nautical business. Trust the professionals with all of your Boat Insurance needs – trust Mariners Insurance. Call us at (888) 402-5018 any time you have questions or concerns about insurance for your vessel or marine business.
