Why use a yacht buying broker

Samuel Cise • May 30, 2023

Preparing your home for a private viewing is essential. These are the things you should focus on...


1. Expertise and Independence: A buying agent works exclusively for the buyer and has a fiduciary duty to act in the buyer's best interests. They have specialised knowledge and experience in the yacht industry, including market trends, pricing, and negotiation strategies. Unlike a traditional yacht broker who represents both buyers and sellers, a buying agent focuses solely on the buyer's needs and preferences. This independence ensures that the buying agent can provide unbiased advice and advocate for the buyer throughout the purchasing process.


2. Extensive Network and Access: Buying agents often have extensive networks within the yacht industry, including connections with yacht builders, yacht owners, and other industry professionals. This network can provide access to a wider range of yachts, including off-market opportunities and exclusive listings that may not be readily available to the public. By leveraging their connections, buying agents can help clients find the right yacht that meets their specific requirements and negotiate favourable terms.


3. Comprehensive Support and Due Diligence: Purchasing a yacht involves various complexities, such as conducting thorough inspections, verifying documentation, assessing maintenance history, and coordinating sea trials. A buying agent can handle these tasks on behalf of the client, ensuring a comprehensive evaluation of the yacht's condition and identifying any potential issues or risks. They can also assist with legal matters, contract negotiation, and closing procedures. By providing comprehensive support and conducting due diligence, a buying agent helps mitigate risks and enhances the buyer's confidence in the yacht purchase.


To discuss our yacht buying service please call our office.