Purchase a yacht

The broker’s role for the buyerThe broker’s role for the buyer

First Class Yachting strongly  suggests you to select a yacht broker of your own, and consult with that broker about all of your boats of interest, and let that broker represent you in your inquiries and transactions. Our broker will listen closely to your wants and needs and will help you determine if the boat you are calling on is the right boat for you at the best value. 

Traditionally, the Seller pays the commission (around 10%) to the broker, and not the Buyer, yet brokers have a duty to both Buyer and Seller in every transaction.
 

Getting a Boat Loan and Marine InsuranceGetting a Boat Loan and Marine Insurance

You may want to pre-qualify for a boat loan before you shop. That will give you some extra leverage and breathing room when you’re negotiating prices. Our team will suggesting your the financial institution according to your situation and needs.

Making an OfferMaking an Offer

First Class Yachting l broker can help you decide on a realistic offer that increases the chances of buying a pre-owned boat for a fair and reasonable price. Your broker prepares an Offer to Purchase for your signature. There will be the terms of the sale including obligations that you and the seller have agreed to, and when these obligations will be fulfilled. 

At this step you will make a good-faith deposit on the boat, which is usually placed in escrow and subject to sea trial and survey.

When making an offer on a New Boat, we work closely with the Dealer, who will inform you of tax issues and tax savings associated with the trade-in. Price negotiations may include making your new boat available to show to other dealership clients in the future. Depending on whether the vessel is custom built, semi-custom, or a production model, there is usually a basic cost, plus transportation expenses from the builder to the dealership, plus optional equipment and installation.
 

PaperworkPaperwork

Our team will handle the paper work required for each country, from the initial Offer to Purchase and Bill of Sale to licensing and registration, as well as documentation and titling, to paying tax and other fees and certificates of ownership, security agreements, plus other documents needed to complete a sale.

Sea Trial and SurveySea Trial and Survey

First Class Yachting broker will request on your behalf a sea trial and the services of a marine surveyor. Buyers pay for the surveys and for hauling the boat out of the water for inspection. We will usually attend the sea trial and marine survey with you, and help you determine how to properly address the nearly inevitable yacht survey issues and put the problems in context. These can help estimate time and cost of correcting, and where to obtain accurate quotes for items that are unfamiliar. Your lender and insurance carrier will usually require a copy of the survey.

The Art of Negotiating The DealThe Art of Negotiating The Deal

First Class Yachting will proceed to the negotiations between buyer and seller moving to a successful conclusion.

Safeguard FundsSafeguard Funds

We will use an escrow account for your funds, and ensure that at closing, any existing loan or other encumbrances is paid off. This safeguard is of critical importance to the buyer and seller, and can be a potentially serious hazard in a private transaction not involving a broker.

After the SaleAfter the Sale

First Class Yachting broker helps you find moorage and yacht maintenance and repair specialists or facilities. We refer you to classes on sailing, boat handling, and seamanship, 

If you wish to charter your vessel, our experienced team will propose you the best suitable charter plan to achieve your goals and manage your boat smoothly.