How to Maximize Profit When Selling Your Yacht

How to Maximize Profit When Selling Your Yacht

When it's time to sell your yacht, there are a few important factors to consider to get the maximum profit out of your investment. It is important to make a good first impression. This can be done through small touches, such as ensuring that it smells good, everything is in working order, and to be sure to highlight amenities and unique features. Some other ways to maximize profit include:

Detail Exterior: 

When shopping for a new yacht, the exterior is the first thing people see. If your boat looks dirty, has dents or scratches, dull paint, etc... it is imperative that you fix these imperfections. Be sure to have scratches buffed out, boat cleaned and waxed and lessen the look of any dents that may exist. By having a clean, shiny yacht you can ensure that your boat will make a great first impression.

Detail Interior:

If you have frequently used your yacht, then there are bound to be a few stains, traces of dirt, or odors that you will need to have taken care of prior to listing your boat. This would be a great time to hire a professional cleaning team of experienced yacht cleaners. Professional yacht cleaners know what to look for, as well as how to effectively clean the engine room and bilge pumps. It is important for all areas of your yacht to look their best to maximize profit. This also shows that you care and can lead to better trust between you and your potential buyer.

Proper Maintenance:

Ensuring your yacht has been properly maintained is of the utmost importance. You will want to pay attention to key elements such as:

  • Bilge pumps
  • Generators
  • Engines
  • A/C | Heater
  • Batteries
  • Any other mechanical components

It may be a good idea to log all service or maintenance records. You may want to keep receipts, invoices, or any other documentation in a folder to be given to the new owners.

You will also want to check your engine room for any leaks or possible corrosion, and have any issues taken care of immediately. Remember, that like a car, you will want to take your boat out every so often to ensure that all systems are properly functioning.

Staging:

Just like when selling a home, it is important to make the interior spaces warm and inviting. You will want to have any personal effects removed, as well as any other items that will not be sold with the yacht. It is important to have your boat staged minimally, so that any potential buyers can envision themselves and their things on board.

Detailed Description:

Writing a detailed description is important in helping to sell your boat. You will want to include specific details, including major improvements, completed maintenance, and any other important selling points. Be sure to put emphasis on the things you have completed that the new owner won't have to once they take ownership, this can include anything from new flooring and updated upholstering to a new or rebuilt engine. 

Flattering Images:

Once you have the interior and exterior detailed and proper staging, it is important to have photographs taken. These photos should be taken by professional marine photographers. Be sure that any backgrounds in the images are flattering. Try to avoid shooting pilings, other boats or anything else that may diminish the quality of your image. Lighting is also important, and you will want to have lighting that puts your boat in the best light possible.You will want to be sure to have images of your boat taken at night as well. This is to show any potential buyers the helm with all of the displays lit up.

Remember to show your boat in the most positive way. The better your yacht looks, the higher your profit. These tips also work when you are looking to purchase your next yacht. Once you have your new boat, contact our team at Palm Harbor Marina for slips up to 250 feet in beautiful South Florida in the Palm Beaches!