That beautiful yacht is a great investment, and looking at it probably still feels so good, but sometimes, the moment comes when you have to start considering whether or not to keep it. Everyone has their own reasons, but these are some of the signs that it might be time to start looking to sell your boat.
1. It's been a long time since you've used it
When you first buy a boat, it becomes a top priority to spend as much time as you can out on the water, sharing your new toy with friends and family. However, after owning a boat for awhile, life can grow busy and crowd out the time that you'd like to be out on the water. If you know it's been a good long while since you've used your boat, starting to look at how to sell it might be the best way to move forward.
2. You're moving away from the sea
Living on the coast makes it easy to access the ocean, but people move all the time. If you choose to move inland, selling your boat should join the other items on your list. Even if you intend to own a boat on a smaller lake, you'll most likely want a different kind of luxury watercraft in order to navigate an inland lake than you have docked at the marina right now. Selling your boat becomes a priority before you can make your big move, even if you are sad to say goodbye to the waves.
3. Maintaining the boat takes too much time and effort
Boat maintenance requires both time, energy and money, even if you like putting your own elbow grease into your boat or prefer to hire the work out to someone. Even if you, like many boat owners, do some of the tasks yourself and leave other tasks to the professionals, boat maintenance to keep it truly in great condition is costly. When you no longer are spending the kind of time on the boat that would make the maintenance needs worthwhile, that is the right time to start considering your options as a yacht owner in the sales market.
4. Your looking for liquidity now
Plenty of boat owners are interested in reshuffling their assets when new business ventures come along or when they have other goals, including real estate, other luxury vehicles, or investments. If you really need the liquidity in selling your boat, choosing a reliable broker can help you to not only sell your boat easily and quickly, but can also help you ensure that you get the highest return possible, boosting your liquidity for other ventures.
5. You have your eye on a bigger and better boat
In the end, a love of yachts may drive you to look at some of the other boats in the harbor. After all, families grow, new features come out, and the need for an upgrade is often felt among boat owners. If it seems like the right time to buy, you may also begin to figure out if the right buyer for your current yacht is out there. As you navigate the waters of yacht purchase, you'll also want to ensure that you get a fair price on your current boat. A yacht broker will help you get through the sales and purchase process quickly and without hang-ups, so that you are back out on the waves with your new, bigger, and better boat in no time.
When you see the signs and know it's time for the next step in your yacht owner journey, contact us to help you sell a yacht or buy your dream boat