How To Sell A Boat

How to Sell Your Boat Determine if you are going to sell the boat yourself, or work with a broker or dealer. Make sure the boat looks and runs as good as possible. Research the price of similar boats taking make, model, size, and age into consideration. Decide on an asking price. Advertise your boat for sale.

What is the best way to sell my boat?

What are the best websites to sell boats online? Boat Trader. boats.com. YachtWorld (you will need to list through a Broker for exposure on YachtWorld) Craigslist. Facebook. eBay.

How do I protect myself when selling a boat?

Here’s how to protect yourself, both before you purchase a boat and after you discover a problem. Don’t buy a boat sight unseen! Protect yourself with a contract. Next, you’ll need to hire a competent marine surveyor. Check for open recalls or problems. Photograph the boat’s HIN. Zipped lips sink ships.

What is the best month to sell a boat?

Aside from the unprecedented 2020 year where boat sales remained high throughout, statistics show that the best time to sell a boat is between mid-winter months to early summer (February to June). Our sold boat data for 2019 showed April and May as the two most prominent months.

What paperwork do I need to sell my boat?

Write a bill of sale. This document must include a vessel description, Hull number, purchase date, price, the names and addresses (including city state zip) of the parties, and the signatures of both the buyer and seller. If the boat is used, you’ll likely need the boat’s previous registration number. Boat title.

Is now a good time to sell a boat?

(CBS4) — The best time of year to sell a boat fast and for the most money is before the height of the boating season, plus any time when demand for boats is strong and supply is low. That means, if you’re looking for cash and have a boat you’re willing to sell, now is a great time to get top dollar.

When should I sell my boat?

Early spring and late fall are usually the best times to sell a boat. In the spring they usually bring a slightly better price, though, since buying in the fall means someone may need to line up and pay for boat storage before they even get to use the boat.

How do you write a bill of sale for a boat?

What information should you include? The names, ID information (if required), and contact details for both the buyer and the seller. The boat’s information, including VIN, make, model, year, and registration number. The price of the boat. Conditions of the sale, including any warranties or “as is” status.

How do you sell a boat that is financed?

There are three simple steps you must follow: Determine how much you owe on the boat by requesting a 10-day payoff quote from your bank. If you owe more than the asking price, determine how you are going to pay off the difference for closing. Have ownership documents ready to transfer to buyer.

How do you negotiate for a new boat?

Here are a few tips for negotiating the best price. Begin by Looking at Comparable Boats in the Area. Make a Low Offer First — But Be Respectful. Tally Up Any Repairs You’ll Need to Do in Your Head. Check on the Insurance. Don’t Get Too Hung Up on One Boat. Ask for Some Extras to Be Tossed In (or Forego Extras).

How long does it take to sell a sailboat?

When considering price it’s also important to appreciate how long it takes, on average, to sell a boat. Currently this varies from around eight months for boats 26′ to 35′ to almost 12 months for a boat 46′ to 55′. For every boat that sells in a couple of months, there’s another that takes two or three years.

Can I buy a boat with just a bill of sale?

Once the sale is complete, the buyer must apply for legal title with the state agency that handles boat registration. Each state will have its own requirements about forms and fees, but, in general, you will be able to use your bill of sale as proof of purchase to obtain the title from the state.

What should I pay for a used boat?

On average, a used boat can cost anywhere between $3,000 (for a small fishing boat) and $10,000,000 (for a big yacht). Unless you are considering living on board or want a boat with cabins, or a premium boat, you can get a good used boat for less than $30,000, although with some exceptions.

Are boats selling in 2021?

Data shows total new boat sales are averaging 31,000 units sold monthly since the summer of 2020, on a seasonally-adjusted basis, above normal levels and indicative of the heightened demand for new boats spurred by the COVID-19 pandemic. Apr 27, 2021.

Are used boats in demand?

In summary, demand for used boats is very high, but supply is low. You can reach the largest audience by selling on a specialized targeted website, keeping in mind that boat searches on Boat Trader are up 55% over last year, where an impressive 75% of privately listed boats sell within 12 weeks.

Why are boat inventories so low?

The new-boat inventory shortage has been spurred by a combination of factors, including a shortage of raw materials, employee teams reduced by the COVID-19 outbreak, production shutdowns, shortage of shipping containers and the ability to get boats off-loaded, distributed to the suppliers and delivered to their end Jun 11, 2021.

Do boats hold their value?

A new boat is expected to depreciate for anywhere from 7 to 10 years after purchase, on average. On the other side of the coin, sail boats and yachts will depreciate slower and retain about 90 percent of their value after three years of ownership.

How many hours on a boat is a lot?

The Key Takeaways. As a general rule, experts say that 1,500 hours on a boat is a lot. But actually, it differs a lot based on regular MAINTENANCE and USAGE. Regardless of the hours, a boat that is used around 30-100 hours each year and serviced annually would be a great pick than a boat used less or serviced rarely.

How long do people keep boats for?

Boats Life Span: How Long Do Boats Last? Precisely Answered Including All Boat Types Boat Type Average Life Span Aluminum Boat 15 – 30 years Fiberglass Boat 10 – 25 years Steel Boat 40 – 75 years Wooden Boat 10 – 25 years.

How do I write a boat receipt?

Bill Of Sale or Receipt for funds paid The bill of sale or receipt must include a description and hull identification number, purchase date, price, and the name and signature of the seller.

How do I transfer ownership of a boat in Florida?

File an application for transfer of ownership in the county tax collector’s office where you live, within 30 days of the date you purchased the boat. Pay a fee of $5.25. Give the county tax collector the old title, issued to the person who sold you the boat.