Yacht Insider Program

How to sell your used boat

The boat you own is a considerable investment in both time and money. Selling your boat is a big decision, but if you’ve already got your next new boat picked out or don’t use the boat you have, it’s a money drain and it needs to be done. Keep in mind that it’s a legal transaction that involves considerable money and paperwork and can be full of risk if not handled properly.

It’s not magic to be able to sell your boat quickly and for the best possible price, but it takes some work and thoughtful choices.

When you decide to sell…

You have several different options for getting your boat sold:

  • You can sell the boat yourself
  • You can sell your boat through a broker/dealer
  • You can trade in your boat for a new boat with a new boat dealer

Considering the small cost of brokerage services and the large downside risk of having something go wrong, it’s worth it to sell your boat with the professional assistance of an experienced, licensed, bonded, and qualified Passage Nautical broker.

If you are considering a new boat, you can also trade-in your current boat and receive the equity in your boat as a payment towards the new boat. Check out the FAQ about trading in your boat.

Why use Passage Nautical as your broker

  • We perform a market analysis based on a careful search of the market through a number of industry sites and evaluate what similar boats have sold for.  Once you agree to a listing price and review all the listing details for accuracy, the listing is made active for the whole world to see.

             YOUR BENEFIT: Competitive market price to attract buyers.

  • Our Service Tech inspects your vessel using our 18-point checklist at the time of the listing and recommends repairs and/or cosmetic work that will significantly enhance the sell-ability of your vessel. These are key factors in getting your vessel sold at the best price, quickly and with minimum hassle.

             YOUR BENEFIT: More high-quality offers.

  • We advertise in worldwide Multiple Listing Services and do cooperative marketing through other brokers, sponsor regular open houses for the public, advertise in trade magazines, and use our network of personal contacts and current clients to maximize the exposure to your yacht.

             YOUR BENEFIT: Qualified buyers on your vessel.

  • During the selling process, your Sales Broker will give you up-to-date information on what is happening in the marketplace including price, financing, and terms and conditions of competing vessels. Market conditions and boat pricing are constantly changing, it will be our goal to keep you informed through the selling process.

            YOUR BENEFIT:  You are better informed and there are no unexpected surprises.

  • Your Sales Broker knows when, where and how to advertise your vessel to the public. Responses to advertising are prescreened so that only qualified prospects are shown through your vessel. You can be free of concern about the safety of your property as your broker accompanies prospects during this preview process and beyond.

            YOUR BENEFIT: Your investment is safe with us.

  • Our Sales Brokers help you objectively evaluate every buyer’s offer to purchase with an understanding of the offer in relation to current market conditions.  The offer to purchase is only the beginning of a process of appraisal, inspections, negotiations, and financing — a lot of possible pitfalls. Your broker walks you through this process and eliminates as much risk and as many potential problems so the contract can close and you are not burdened with all the small details and red tape.

            YOUR BENEFIT: A smooth closing.

We handle every part of the buying or selling process including financing, survey, documentation, insurance, transportation, and service. Additionally, we also offer yacht staging and detailing services for our brokerage customers.

How to get started

  1. Start by contacting us for a Free Market Analysis.  Learn about current market conditions and what to expect about selling prices.
  2. Make an appointment with one of our brokers to see your boat and make an evaluation.
  3. Perform the recommendations to make your boat more marketable.
  4. Sign your listing agreement and sit back for great results.