WHAT IS THE MARKET VALUE OF MY BOAT ?
That’s the question boaters ask themselves when the time comes to sell.
You can go it alone, or you can work with an independent broker who doesn’t represent a specific boat brand or brands. This article describes the two ways you can put your boat up for sale with excellent visibility, which is crucial if you want to sell quickly.
Let’s begin the analysis:
It has to be said that there are few references on the market for a yachtsman to effectively and realistically determine the value of his boat himself.
WHAT TO ANALYZE
There are several factors that influence the market value of a boat:
– Manufacturer’s reputation (ideally with the help of an experienced and, above all, independent broker)
– Boat size/configuration (bow rider, center-console, express, cruiser, catamaran, flybridge, megayacht, etc.)
– Navigation aids (joystick / thruster)
– Engine (type, power and time of use)
– Diesel, gas or other
– Number of engines (outboard or inboard)
– Feet, shafts, PODS or turbines
– Canopies or patio doors
– Current market trend
– No. of bedrooms/no. of separate toilets/showers
– Cockpit and interior layout
– Generator, powerful inverter, lithium battery, solar panels…
– Stabilization systems (Zipwake, Interceptor, Seakeeper, MC2, Fins)
– Navigation electronics (autopilot, night vision camera, radar, GPS, wireless remote control)
– Important features : Hydraulic platform, hardtop
– Telecommunication devices (SAT TV, STARLINK, SAT phone, Internet)
– Electrically lowering balcony(s)
– Fresh or salt water
In short, there’s a lot to consider.
Of course, boaters also consider additions made to the boat, but you have to be careful about counting everything.
The boat’s level of maintenance, ideally with supporting evidence (invoices), also influences its value.
Other factors such as the age of the batteries, the age of the canvas, the last wax/compound and how the boat was stored in winter also influence the value.
But an independent broker can easily help you in this valuation process, especially those who have access to sales made on the great YACHTWORLD website. YachtWorld makes available to broker members only all sales made from this website, which is the #1 site in the U.S. and Europe. An incomparable source of information.
The U.S. and Canadian markets differ in their boating trends.
For example, in the U.S., all new boats under 40 ft are outboard-powered, which is not the case in Canada.
WEBSITES FOR EXCELLENT CANADIAN VISIBILITY
What’s more, the most important thing to speed up the sale of a boat is to choose the right websites that ensure excellent visibility for the boat with highly effective GOOGLE referencing. Of course, in Quebec, ProprioBateau dominates the market.
Now with ProprioBateau: We sell ourselves or with the help of a broker. ProprioBateau offers a no-broker, no-commission package, with visibility on Canada’s two major websites: :
– www.propriobateau.ca
– http://www.boatdealers.ca
It’s just like the well-known real estate site that lets you put your house up for sale without having to pay a commission.
SELL WITHOUT COMMISSION
The ProprioBateau website offers such a package, with a complete kit mailed to you with documents to help you make the sale, and a for-sale sign from the ProprioBateau website. Both ads remain online until the boat is sold. The rate is $225 cad (+ tax).
Here’s the link to the site for all the details: click here.
SELLING WITH A BROKER
If the value of your boat exceeds $100,000, brokers from ProprioBateau and Ita Yachts Canada are at your disposal. Think about maximizing the sale of your boat with brokers familiar with all markets: American, Canadian, European.
At this point, the boat becomes visible on the following websites:
– YachtWorld (No. 1 website in the world, and especially No. 1 in the USA)
– BoatOwner
– Boatdealers
– Boats.com
– Our Facebook page
So don’t hesitate to contact them. You only pay the sales commission when the boat is sold. The sales commission starts at 5%, and depending on whether you allow the buyer to be represented by a broker, it can be as high as 10%, but contact them for full details.
info@itayachtscanada.com or info@propriobateau.ca
The yachting market is worth billions of US dollars
DISCLAIMER
The article presented on this page is for information purposes only. This information is provided as editorial (i.e. opinion). The information presented in this article is presented in good faith and, while believed to be correct, is not guaranteed. Ita Yachts Canada does not warrant or assume any legal liability or responsibility for the accuracy, completeness or usefulness of the information and/or images displayed, as they do not suggest anything in relation to this article, indeed no association can be made with respect to the images and the article. All information in this article is subject to change without notice and is without warranty. It is the reader’s responsibility to verify the descriptions and statements contained in this article. The brokers at Ita Yachts Canada assume no responsibility for any conclusions the reader may draw. The purpose of this article is to promote boating in all its forms. It gives one point of view among many. Any reproduction of this article is prohibited.
