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Broker Question

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Old 01-25-2005, 11:22 PM
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Default Broker Question

As a few of you know I have been trying to sell my Sea Ray 460 Express Crusier for about a year now. I have had a few brokers aross the USA with open listings. Would it be better for me to sign with one broker and hope he markets the boat properly, or keep on with open Brokers getting no were.
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Old 01-26-2005, 08:24 AM
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Default Re: Broker Question

Very few brokers will spend the money needed to properly advertise your boat when they only have an open listing.
A broker works much harder on the central listings he has.
Don't waste time listing the boat too high in price, because if it doesn't sell, you'll be reducing it anyway.
Ask your broker to check comparable listings and have your asking price be competitive, or be prepared to justify why your boat is worth more.
Good Luck.
If you're willing to consider trades, don't forget to tell your broker. Sometimes it makes the phone ring!
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Old 01-26-2005, 08:46 AM
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Default Re: Broker Question

Agreed. I have been doing this a long time and once spent all of my time doing brokerage. Open listings don't get any attention unless someone happens to come into the office looking for that particular boat.

Go with a good broker who is a member of YBAA and has good connections. As Ed says, price the boat according to real average values from BUC or NADA. If it is overpriced or needs major repairs, it will just sit and be frustrating for everyone involved. In reality, a broker who takes the central listing and prices it too high is either green or stupid and is not doing you justice.

I am not close enough to you to sell it for you but would be happy to give any advice you need.
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Old 01-26-2005, 08:49 AM
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Default Re: Broker Question

Marine Max. cb
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Old 01-26-2005, 09:18 AM
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Default Re: Broker Question

Marine Max has folks all over. They may be the ticket.
I know a good young aggressive and knowledgeable local broker. Dunno if you have interest in long distance brokering, but this kid (he's mid-twenties) sells a lot of SeaRays. He does travel often.
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Old 01-26-2005, 11:16 AM
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Default Re: Broker Question

Tomtbone, have you tried putting the boat on ebay? You might not sell it through the auction , but you will be amazed at the e-mail and phone response you will get. I bet you will sell the boat after the auction is over to someone that saw it on ebay. I sold two boats this way last year. Tom
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Old 01-26-2005, 11:26 AM
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Default Re: Broker Question

I have bought and re-sold a number of Searays (and others) purely to make a profit. I stayed with 29-35 ft boats that were loaded. Only lost money on one and it wasn't alot. I found advertising and selling it myself worked because I could cut the commission expense out of the deal. This allowed me to be priced (with a loaded boat vs. base model) at the bottom end of the price spectrum on boattrader.com/boats.com/yachttrader.com.

However, you do have to show the boat yourself and deal with people that are kicking tires. I found if you said you were busy and it would be difficult to meet with them except certain times that the real interested parties would find a way to see it and the "tire kickers" would disappear. Good Luck.
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