Obviously, buying a boat is a big decision; It is an expensive purchase and you want to make sure that it runs as smoothly as possible. The first thing you need to do is research. Decide where you want to source your boat from; a private seller or a broker, and where you would be willing to travel for collection.
If you decide to use a broker then most of the work will be taken care of for you. The agent will negotiate viewings, surveys and the eventual price negotiations if you decide to buy. However, as a growing number of sellers are advertising privately. You may find the market slightly limited and that speaking to the buyer directly could help you bring down the price.
When looking for private sellers you’ll need to search media listings. This could be Craigslist, Gumtree, Ebay, Facebook, or the local papers. To access the biggest number of listings though you may choose to visit a specialist selling website. Such as Living on a boat.net where you can select your perfect price, location or size. In the search engine in order to find your dream boat. With such competitive pricing, websites such as this are attracting a huge number of private sellers, therefore offering you a much wider selection.
When you’re buying a boat and you’ve found what you were looking for then contact the owner to negotiate a viewing. Sea trials and viewings are, in my opinion, the best part of buying a boat, so take advantage of this. Imagine the boat as if it were yours and don’t be afraid to ask the seller questions. Don’t forget that this is an expensive purchase, you don’t want to make a decision you’ll later regret.
If the seller hasn’t already offered, then ask to see the marine surveyor’s report. If the seller can’t produce this then ask for it to be completed. This is an important aspect of buying a boat – if there are any problems which need to be rectified then it is better to know this before you complete the sale rather than afterwards. If you are happy with everything then it is time to make an offer!
It is often best to make an offer slightly lower than you are willing to pay; that way if the seller refuses it then you have the option of coming back with a better deal. If the seller accepts this number straight away then you’ll have saved yourself a bit of money. Once the offer has been accepted then open the champagne and sign the contracts. You’ve bought a boat! To start searching for a liveaboard, houseboat or a project boat click here to see the vast selection on offer from various countries around the world.