Target Acquired

How do you start to look for your next boat? Is it a lightning-bolt moment where you’re just blithely idling through the harbor back to your slip and you see a boat on a mooring that wasn’t there when you left? The light hits her just so and suddenly you can see nothing but the flaws and problems of your current boat.

BoatQuestScreenShot1edited1Perhaps you heard about the boat, a boat you always liked but didn’t think would ever come up for sale, from a boat-crazy friend or a friend that’s a broker or you overheard something on the dock. Does your mind start working immediately on how you’re going to get the deal nailed?

Maybe you’re sitting in your office, taking a brief interlude between projects to recharge your batteries, when that Internet connection beckons and suddenly you’re scrolling through virtually hundreds of boats. What is it that catches your eye?

These questions may seem foolish if you haven’t really thought about them, but we think about them. As we embark on the search for another boat, or never stop looking for our next boat, or decide we need to sell our current boat, we know we should step up the hunt, but how do we go about it? And what role does the broker play? Have some insight or know someone that will? Please drop me a line at jwood@aimmedia.com, or leave a comment here.

3 comments on “Target Acquired

  1. Ric Walker

    We’ve been looking for “the next boat” for several years now and got very close in 2010 when I sold my Webber’s Cove Downeaster. During that time we have met and “worked with” several brokers who represent the sellers of boats we have found on-line or in print advertising. Some financial challenges and health issues delayed our plans for while, but we recently put our house on the market in anticipation of making the next step toward extended cruising and life aboard a trawler.
    My question relates to broker arrangements, that is – are they similar to real estate brokers where you may have a seller’s broker and a buyer’s broker? In this case do they typically split a brokers’ commission? Are the commissions less if only one broker is involved? I undestand there may be a risk of having the seller’s interests not fully represented with only one broker, but it seems the surveyor is more critical in ensuring you get what you think you are paying for. I’m reluctant to engage a Buyer’s Broker up front, because it seems like that would tend to limit or bias what he/she is inclined to show you vs the greater market on-line and in print. Comments or advice appreciated.

  2. Jason Wood

    Sounds like you have a great plan, Ric, and this is an excellent comment that raises some important questions. A buyer’s broker can play a key role in any transaction and protect the buyer’s interests. Think about it. The seller’s broker is paid by the seller and is legally obligated to look out for his interests. Most often, the commission is split between the buyer’s and seller’s brokers and it is paid by the seller. I don’t want to say “always” because there are often exceptions whenever someone says “always.” A buyer’s broker will often gladly call on anything in which you express an interest, but they have their ways of research and know the market very well—why not put their tools and expertise at your disposal? We would love to see additional comments from any brokers or boat buyers with an opinion or experience they’d like to share. Thanks.

  3. Croatian Broker

    It is much greater responsibility to be buyer’s broker than seller’s broker. Buyer’s broker remains buyer’s broker all the time while the boat is at the same owner. There are not many good and responsible buyer’s brokers who will listen to the customer and become familiar with all its desires and needs in order to find ideal boat for him. And there is always possibility that for every possible flaw on boat customer blames his broker.

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