Ahoy There!
So you've been waiting to buy a boat, tracking the prices and have noticed that most sellers have reached their rock bottom asking price. Many buyers that made a boat purchase a few years ago, purchased their boat using their overinflated home equity lines. Now that their home equity is gone, many (now sellers) are so upside down on their boat loans that they can't sell if they wanted to for what the market will bear for their boat. Many sellers are also starting to realize that they can't afford not to sell their boat. This has all created some spectacular deals for thousands of high end boats and prices we've never seen this low before.
The Dealerships selling only brand New Boats are finding small profits and lots of left over inventory. Even at blow-out prices, the new boats can not compete with the pre-owned boat market right now. However, without the new boats flowing out the door, next year we will have
less quality pre-owned boats to choose from, causing the pre-owned boat market pricing to somewhat level off.
To Boaters Selling their boats, for starters you can get an accurate Free Boat Market Evaluation at GoldenGateBoatSales.com. Next, keep your boat clean and waxed, fully serviced and keep your service records on the boat for prospective buyers to view. If you want your boat to sell, it better outshine the others that the buyer is also considering. Buyers have hundreds of choices and you only have one boat to offer, so it's important make it outshiine the competition.
Boat Sellers in this marketplace need a lot more exposure than just a For Sale By Owner sign hung on your boat and an ad in Boat Trader. A Licensed & Bonded Yacht & Ship Brokerage firm will have access to recently sold boats like yours, know all of the current competition, properly market your boat as well as how to prequalify buyers and avoid scammers. When considering a Yacht Broker, always be sure to ask to view his or her License and Bond. If the Yacht Broker can not provide it to you, run the other way! A Licensed & Bonded Yacht Brokerage firm will run all funds by wire transfer directly into and out of their Corporate Escrow Account assuring that funds are fully cleared at closing time.
To those wanting to buy a boat; there has never been a better time to get that boat you've always wanted. Just remember that some day you will be a Boat Seller. A good Yacht Broker will know the competition, what other boats like the one you are seeking have actually sold for as well as coordinate and assist you with the survey, sea trial and closing. You can get started with your boat search at the Free Yacht & Boat Search page at GoldenGateBoatSales.com.
We are all currently boating uncharted waters, but living in Florida and not having a boat is like living in Colorado and not having snow skis. To me, my boating adventures on my Sea Ray have all been priceless. My prediction is that the pre-owned boat market prices will level off around July 2009 and we'll see more people enjoying boating the waters that surround us than ever before in 2010. So please be sure to take a Safe Boating Course because I'll be out there to!
If you are in the boating business, currently a boat owner, or are considering a boat purchase, please share your thoughts here.
See you out on the water!
Jerry Chiappetta, Jr.
President / Employing Yacht & Ship Broker
GOLDEN GATE BOAT SALES.com
1720 Golden Gate Boulevard East • Naples, Florida 34120 USA
PH: 239-430-BOAT(2628) Web Site: http://www.goldengateboatsales.com
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