Why Use a Broker When Buying a Boat or Yacht

 

The purchase of a vessel is one of the biggest investments we all make throughout or life. When purchasing or selling a vessel it always pays to consult the services of an experienced Broker so they can guide you through the process and thus avoid the many potential pitfalls which can lead to a very costly mistake.

• Professional Yacht Brokers have access to additional resources which are not available to the general public. Brokers also utilise sophisticated multiple listing services which saves time and money in narrowing the field of vessels which match a buyer's requirements. Marine Queensland Accredited Brokers are also associated in professional associations which provides a network to find boats which are not even on the market yet, or that are not actively being marketed by their owners.
  The Result: You, the buyer, receive a list of vessels to choose from which accurately meet your requirements, meaning no wasted time and money looking at unsuitable vessels.

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• A qualified Broker is highly experienced in sitting down with purchasers and detailing their exact requirements line by line, and then further assisting by supplying objective information based on the information provided. It really does pay dividends to have an expert third party talk to you regarding your requirements. Experienced Brokers have heard nearly every wish, and importantly have seen all the mistakes made by others.
  The Result: You the buyer, receive a better understanding of what type of vessel fits your requirements, and the pros and cons associated with each type of vessel. The buyer also benefits from others mistakes.

 

• Brokers are an enormous help when it comes time to negotiate the purchase. There are myriads of negotiating factors to consider when purchasing a vessel, including but not limited to: the purchase price, finance, insurance, purchase terms, settlement terms, and importantly any additional repair inclusions or exclusions which can pop up following the receipt of a survey.
  The Result: Less stress and a smooth closing.

 

• Brokers provide important local information on the different marine services available, such as mechanical, electrical, shipwright, painting, and surveying services.
  The Result: Assists in obtaining quality and cost efficient services from trusted suppliers.

 

• An experienced Broker will advise and assist a buyer throughout the due diligence phase of the purchase. The Broker can also recommend excellent and reputable surveying services if necessary, and importantly what level of survey should be considered. Brokers will also, where required, aid the buyer in going through and explaining the survey report.
  The Result: A clearly defined survey report to ensure the buyer gets what they have paid for.

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• A Broker will ensure that the vessel is clear of title prior to settlement and arrange the necessary Statutory Declaration. This is a vital step but one which is often skipped by private buyers.
  The Result: A smooth closing and clear sailing for the buyer.

 

• The Broker will help the buyer through the different financing and insurance options available to them. There are many pitfalls to avoid when it comes to insuring your vessel, with some types of vessels not being able to be insured at all, while others requiring a specialist offshore insurance company. Your Broker can offer independent and qualified insurance advice.
  The Result: Long term financial and security delivering piece of mind to the buyer.

 

• The legal aspects are a vital stage in the purchase of any vessel. Professional Brokers understand all the legal requirements for a purchase such as: contracts; transfer of ownership; GST; import duties; foreign currency; and foreign registrations. Also every Marine Queensland accredited brokerage must operate a trust account to securely hold your deposit until settlement.
  The Result: A piece of mind purchase.

 

• Your Broker has access to various databases both public and private, both local and global, in order to assist in the search of the right vessel to meet your requirements. If we don't have the right match currently on our books, then we'll search for it across Australia or offshore. We have searched and purchased the right vessel for many satisfied clients. We have also assisted them in not only the purchase but where necessary transport, importation and tax requirements.
  The Result: The buyer gets the right vessel at the right price, no matter where it is.

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• The Brokers at Great Barrier Reef Boat Sales understand that men and women often seek out different requirements from a vessel, and at times the women's needs are overlooked by their male partners when searching for a vessel. We offer both male and female Brokers. This can be of great assistance to ensure all of couple's requirements are taken care of. On top of this some women often feel more comfortable talking to a female broker about their requirements.
  The Result: Ensures buyers whether male, female or a couple are comfortable, and have all their requirements taken care of.

 

• Marine Queensland has an accreditation program which has been sanctioned and financed by the Queensland State Government in conjunction with Marine Queensland. The accreditation program has identified minimum standards and procedures for the way in which marine brokerage businesses are to be operated. These standards protect the interests of the boating public when purchasing or selling a vessel. Always deal through an accredited brokerage when needing the services of a marine broker.
  The Result: Confidence and security.