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It’s proven that a cleaner, tidy boat is more likely to be sold for a higher price than a boat that isn’t. Boat Insurance Quote .net would like to help you sell your boat faster and prevent it from being undervalued. We’ll show you how to prepare your boat, how to set a price, and how to do the paperwork.
Things to consider
  • Preparing your boat
    Your boat should be as clean as...
  • Where To Sell
    It's generally easier to sell a smaller boat because...
  • Set a price
    It's sometimes hard to set the perfect price...
  • Paperwork
    It's your first time selling and you have the check in your hand, now what?
     
    Preparing your boat  

    Your boat should be as clean as you would expect to be buying yourself. Clean the boat inside and out just like when you're launching the boat in the spring. Here are some important items to pay attention to:
    • After you have washed the boat thoroughly give it a good wax. If there are slight scratches and the boat lost its luster you can use a buffer with a rubbing compound and then a quality wax.
    • Clean your bilge so it's fresh smelling and clean the teak
    • Make sure the head smells clean!
    • In the galley you can clean the carpet, clean the curtains, and upholstery including the Bimimi top
    • Repair any item that doesn't work properly
    • Clean oil off of engine (steam clean), change oil
    • Charge the battery
    • If you have a trailer touch it up, clean and fill the tires with air
    • Take off items which don't look original and make the boat look cheep
    • Junk won't be attractive to a buyer. Empty all of the drawers, take all of your items off of the boat
    • If any of your items will be left on the boat inform the buyer they will not be included in the sale
    • Have the original papers that came with the boat and a brochure of the boat for the buyer to glance at
    • If you have made improvements to your boat keep your receipts to show the buyer
    •  
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    Where to sell  

    It's generally easier to sell a smaller boat because you can sell it yourself or trade it in. If you have a larger boat you will want to use a yacht broker to sell it. Yacht brokers simplify some of the more complicated issues when selling a larger boat. As with cars, you'll get less for a boat trade in and more if you sell it yourself and do a little legwork. If you decide to sell the boat yourself there are a few options. You can advertise in classifieds, online classifieds, newspapers, and magazines. When most buyers look for a boat to buy they usually proceed to a classified in the newspaper or on the Internet.
       
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    Set a price  

    It's sometimes hard to set the perfect price to high or to low. You don't want to scare buyers away and at the same time you wouldn't want to give the boat away. Check the classifieds to see what other boats of the same model are priced at. It's a good idea to show buyers what the same boat is selling for. Adjust the price according to the condition of your boat; just remember electronics can make the price much different. Also check the marine blue book, such as NADA or ABOS, to find out what your boat's private party value is. When checking the blue book make sure you judge the condition of the boat correctly (We all know how tempting it can be to raise the price).
       
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    Paperwork  


    It's your first time selling and you have the check in your hand, now what? You should have a bill of sale, which is a document that transfers ownership of an asset from a seller to the buyer, a basic agreement for sale of goods or a sales receipt. It should contain: the price, buyer and sellers names, driver's license numbers, addresses registration numbers, type and size of boat, and all of the equipment included.

    Liability can be an issue when selling a boat. You should send a pink slip to the boat registration agency to inform them when the sale will be made and when the new owner has taken over registration. As soon as your boat is sold it's important to cancel your insurance. Listing the boat "as-is" is not always protection. Though it may turn off buyers you should list the defects clearly to avoid liability. If you are going to give the buyer a sea trial you should have a non-refundable deposit so the buyer agrees to pay for costs, like launching the boat or paying for fuel.

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