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Making Financial Sense Of Selling A Boat

Making Financial Sense Of Selling A Boat

<p style&equals;"text-align&colon; justify">Selling a boat isn&&num;8217&semi;t easy&period; You have to worry about advertising&comma; potential buyers&comma; inspections and more&period; While some of those challenges are hard to avoid&comma; we can help out by arming you with information before you decide to sell your boat&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">Once you decide that it is finally time to let things go and sell your boat&comma; you want the whole process to be as simple and painless as possible&period; There are a number of factors that can make selling a boat challenging&comma; including potential buyers&comma; selling price&comma; logistical issues&comma; and transfers of ownership&period; While some things simply can’t be avoided&comma; making yourself aware and knowledgeable of the difficulties in selling a boat may help to alleviate concerns or roadblocks in the future&period; Follow our simple steps to make your boat transaction as easy and as painless as possible&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify"><strong>Sell at the Best Possible Condition<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify">Even before you put your boat on the market&comma; make sure that you put your boat in the best possible condition to be sold&period; No buyers want to take a look at your boat if it has a host of problems&comma; or even one or two&period; If they find that the carpet is deteriorating&comma; or the engine hasn’t been professionally serviced in two years&comma; they might start wondering what other problems they would uncover once they bought your boat&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">If there are problems with your boat that you can’t fix&comma; or are simply too expensive to fix&comma; list your boat at an appropriate price&period; Be completely up front with potential buyers from the start so they know exactly what they are looking at&comma; and so they do not have to do any detective work to find the problem themselves&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify"><strong>Listing<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify">For smaller boats&comma; doing all of the advertising yourself is typically most cost effective&period; You want to keep advertising costs down&comma; as the selling price of your boat is likely going to be on the lower side of the spectrum&period; To do that&comma; spend some time listing your boat in cost effective ways&period; You can list it in your local newspaper or magazine&comma; or post it online to sites like Craigslist or other free or relatively inexpensive boat forums&period; For larger boats&comma; where the selling price can fluctuate in the thousands&comma; it might be better to employ a broker to get you the best price possible&period; Much like a real estate agent&comma; they can connect with a broader range of buyers&comma; and will take a commission for their work&period;<&sol;p>&NewLine;<h3 style&equals;"text-align&colon; justify"><strong>Choosing a Broker<&sol;strong><&sol;h3>&NewLine;<p style&equals;"text-align&colon; justify">When deciding on a broker&comma; make sure they have the ability to showcase your boat on a moment’s notice when a prospective buyer sees it and is interested in buying&period; That means that you should look local first when picking a broker&comma; and should ask around to see if anyone you know would recommend someone in the local area&period; They should also be able to show that they have the resources that you don’t have to connect with buyers&comma; and that they are knowledgeable about your specific boat&comma; and related models of your boat&period; Having a history of selling similar boats&comma; or having a current inventory of boats like yours on the market is always a bonus&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">We’ve stated it already&comma; but it’s particularly important&period; On the day someone comes to look at your boat&comma; make sure you have everything out in the open and aren’t trying to hide any flaws&period; They will be discovered when the boat is surveyed by a professional&comma; which will have a strong negative impact on the price&comma; as the buyer will be much more nervous to make the deal&period; Best of luck&comma; and happy boating&excl;<&sol;p>&NewLine;<h5 style&equals;"text-align&colon; justify">Featured images&colon;<&sol;h5>&NewLine;<ul style&equals;"text-align&colon; justify">&NewLine;<li> <span class&equals;"license">License&colon; Creative Commons<&sol;span> <span class&equals;"source">image source<&sol;span><&sol;li>&NewLine;<&sol;ul>&NewLine;<p style&equals;"text-align&colon; justify">Mike Hall is an avid boater and enjoys providing boating advice and tips to the boating community&period; Mike works with Manitou Pontoon Boats&comma; a leading manufacturer of high quality performance and luxury pontoon boats&period;<&sol;p>&NewLine;

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