You don’t need a broker to sell your boat. However, there are some significant advantages to using a broker when selling a boat. When you sell your boat directly to a buyer, you may make statements about the boat. The statements you make can result in you being sued later by the buyer, in addition a broker can receive full payment and transfer title. With an owner selling his own boat, the question of WHEN title passes can become an issue which can also result in litigation. A broker can insure that the vessel is transferred into the buyer’s name and that the boat is not being used under the prior registration.
A broker can help you price your boat properly and market it effectively to potential buyers, handle negotiations, and complete the legalities of title transfer. They can also provide valuable advice and guidance throughout the process.
