Worth it to broker your boat?
Simple question. Do you personally think it's worth it to have a broker sell your boat vs. a private sale? Seems that around here commission is 10-11%. So I guess what I'm asking is, will a broker get 10-11% more for a boat than a private seller could to make up for the commission or is it simply a convenience thing?
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Originally Posted by cmkworm
(Post 4168582)
Simple question. Do you personally think it's worth it to have a broker sell your boat vs. a private sale? Seems that around here commission is 10-11%. So I guess what I'm asking is, will a broker get 10-11% more for a boat than a private seller could to make up for the commission or is it simply a convenience thing?
We do get 10%, but use ten web sites, handle all the marking, financing, insurance, questions and also use the retail location to bring buyers to the table. Many times we have people that call and say "if you find XXXXX call me" and save those contacts. I feel we offer more than just convenience and more of a complete buying/selling experience that both the buyer and seller end up happy. |
Yes absolutely they handle everything for you
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Many years ago I used a broker to sell a boat for me. It was well worth it. I didn't take one pic, place any ads, answer any calls or emails or questions, deal with shipping etc. It sold fast for the amount I wanted.
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Originally Posted by eddie
(Post 4168587)
Yes :daz:
We do get 10%, but use ten web sites, handle all the marking, financing, insurance, questions and also use the retail location to bring buyers to the table. Many times we have people that call and say "if you find XXXXX call me" and save those contacts. I feel we offer more than just convenience and more of a complete buying/selling experience that both the buyer and seller end up happy. What about shipping and all that or does the seller/broker want the boat on property? I have wondering this question myself. I reached out to a large well known dealer about it got back to me once and has since made no contact with me since weds after some emails sent to them. |
Originally Posted by Nate5.0
(Post 4168600)
What about shipping and all that or does the seller/broker want the boat on property?
I have wondering this question myself. I reached out to a large well known dealer about it got back to me once and has since made no contact with me since weds after some emails sent to them. It is probably way easier to sell a boat that is in the broker's possession than trying to arrange showings especially if it is far away. Your issue now is summer is over, so 2/3 of the country is interesting in putting their boats away in the next month or so not buying a new one to sit for 5-6 months. |
Originally Posted by Jupiter Sunsation
(Post 4168603)
All incurred expenses get backed off the seller's end......transport/detailing/repairs etc.
It is probably way easier to sell a boat that is in the broker's possession than trying to arrange showings especially if it is far away. Your issue now is summer is over, so 2/3 of the country is interesting in putting their boats away in the next month or so not buying a new one to sit for 5-6 months. I bought it in fall myself |
Nate, what are you looking to get into? I thought you just bought the Sonic?
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I think the key is to find a broker that is willing to price your boat at a fair market value ,.= worth using a broker..
some brokers will take your boat in and price it on the lower end of what your boat might be worth,this way they sell your boat faster,they take their 10% and move on to the next one but you come out not getting the true value of your boat, = not worth using a broker |
Originally Posted by cmkworm
(Post 4168621)
Nate, what are you looking to get into? I thought you just bought the Sonic?
We are moving to the dark side and going the sport CC route. I love the sonic but for around here it is a tough boat to own, tow, and use when you want to go out every weekend. |
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