Selling big ticket items like cars and boats takes an acquired set of skills. If you are trying to market your car determining the value is relatively simple if you have access to a Blue Book. Selling boats and determining their value becomes easier if you search the internet for comparable vessels. A quick search under sell my boat will give you a step by step guide on how find every aspect of the process.
Determining the value of a vessel can be done online by searching the model and design of the craft and finding those that are for sale. Looking at listings in magazines devoted to boating and water sports or visiting local dealers that handle similar vessels are also viable options. Variations in price can be caused by upgrades and upkeep that have been done.
To help increase the resale value of any vessel it will be important to keep an organized and complete record of all maintenance. Long term care is also an important matter for boats. Yearly waxing and covering them when not in use is the first step for proper care. Sailboats need annual mast inspections and fatigued rigging needs to be replaced. The trailer will need to be rinsed after every use especially if used in salt water. Common sense will mean a higher return on your investment when sold.
Placing your vessel on the market will involve deciding what type of venue you want to use to advertise the sale. The internet offers reasonably priced sites that can give you a much broader audience than most printed material. Boating magazines that feature classified ads are another option along with newspapers and social media.
Once your ad has been published you will need to be able to determine which callers are serious buyers and which are shoppers. You will want to beware of internet scam artists too. Shoppers will waste your time while scammers can steal your information and invade your life with devastating results.
As a measure of protection meet any potential buyers face to face. You should be able to sort out the shoppers and scammers by their lack of knowledge regarding boats and boating. Using a wire transfer as the method of payment will protect you financially. There is a fee for this service but banks are very well acquainted with the process. Be certain that the deposit has been finalized before you give the buyer the keys.
Create a document checklist for after the sale. Be certain it contains everything necessary to complete the sale. It should include a bill of sale, the title, proof that the vessel is lien free, and title and registration for the trailer. As a courtesy you might include the maintenance records and any warranty cards that you may have in possession.
Finally you will want to cancel any insurance policies you have on the watercraft and remove all advertising you have posted on line or elsewhere.
Determining the value of a vessel can be done online by searching the model and design of the craft and finding those that are for sale. Looking at listings in magazines devoted to boating and water sports or visiting local dealers that handle similar vessels are also viable options. Variations in price can be caused by upgrades and upkeep that have been done.
To help increase the resale value of any vessel it will be important to keep an organized and complete record of all maintenance. Long term care is also an important matter for boats. Yearly waxing and covering them when not in use is the first step for proper care. Sailboats need annual mast inspections and fatigued rigging needs to be replaced. The trailer will need to be rinsed after every use especially if used in salt water. Common sense will mean a higher return on your investment when sold.
Placing your vessel on the market will involve deciding what type of venue you want to use to advertise the sale. The internet offers reasonably priced sites that can give you a much broader audience than most printed material. Boating magazines that feature classified ads are another option along with newspapers and social media.
Once your ad has been published you will need to be able to determine which callers are serious buyers and which are shoppers. You will want to beware of internet scam artists too. Shoppers will waste your time while scammers can steal your information and invade your life with devastating results.
As a measure of protection meet any potential buyers face to face. You should be able to sort out the shoppers and scammers by their lack of knowledge regarding boats and boating. Using a wire transfer as the method of payment will protect you financially. There is a fee for this service but banks are very well acquainted with the process. Be certain that the deposit has been finalized before you give the buyer the keys.
Create a document checklist for after the sale. Be certain it contains everything necessary to complete the sale. It should include a bill of sale, the title, proof that the vessel is lien free, and title and registration for the trailer. As a courtesy you might include the maintenance records and any warranty cards that you may have in possession.
Finally you will want to cancel any insurance policies you have on the watercraft and remove all advertising you have posted on line or elsewhere.
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