Top Ten Things To Consider When You Buy A Boat
July 7, 2012
Over the years of selling yachts I have noticed that some people sail through the process, while others experience a fair bit of angst along the way; sometimes they just give up on the dream all together. Those who understand the various steps involved in purchasing a vessel tend to be the ones who not only enjoy the boat buying experience the most, they are also the ones who get the most value and the most enjoyment out of the choice they make. Boating Vancouver readers can take advantage of an upcoming seminar which covers the basic mistakes to avoid and the best opportunities of which to take advantage when purchasing a boat. If you are interested in attending this seminar please take a moment to answer the questions at the bottom of this post and be sure to send us your contact info by filling out the contact form on the “contact us page”.
Points covered include explanations on how and why to:
1. Ask the right questions before you buy a boat
- If you want to get the right answers, you need to start with the right questions;
- You will be provided with a list of questions designed to help you get the right information you need to get the best boat possible.
2. Create a plan to get the boat you want
- Plan for success and you are way more likely to get it than leaving things to chance;
- You will learn how to write a simple plan for buying a boat and will learn strategies to put the plan into action.
3. Understand available options and how to sort through them
- It’s always good to have options, but sometimes too many options can be overwhelming;
- You will learn how to quickly eliminate all of the boats that won’t work for you and concentrate on the many that will.
4. Do your due diligence
- Owning a boat is a privilege that brings with it some responsibilities;
- You will learn how to access resources which will allow you to do your due diligence in a way that is both convenient and effective.
5. Understand paperwork involved in purchasing a boat
- Although the purchase agreements used in BC are fairly user friendly, a few key points need to be clarified;
- You will learn the meaning of key terms used in purchasing paperwork so as to avoid costly misunderstandings.
6. Find a trusted broker
- Different brokers specialize in different types of boats and some work better with different types of buyers; finding the right broker can make or break your purchase experience;
- You will learn how to find the broker who will best suit your shopping style and what services they can offer to help you before, during and after the purchase.
7. Go big or go home
- There are basically two types of people who attend boat shows: those who are dreaming of buying a boat this year, and those who realize the one they bought last year is now too small. Your perception of the size of boats will change as you get to know more about them. Choosing the right size of boat to fit your needs is important;
- You will learn how boat layouts impact not only the performance of the boat, but also the comfort they provide in terms of living space.
8. Sort through what happens after you fall in love with a boat
- Buying a boat is a multistage process involving specific actions; the offer, counter, acceptance, subject removal and possession, all trigger events that need to take place to complete the sale;
- You will learn what is involved in each of these steps and how the process generally unfolds.
9. Prepare to be safe on the water
- Safety is really, really important;
- You will learn how you can prepare yourself and your boat to be as safe as possible.
10. Understand the stuff beyond the boat, moorage, finance, insurance, maintenance and supplies
- Once you have purchased your boat there is still more to consider;
- You will learn how to prepare for the many other pieces of the puzzle that need to come together in order to own a boat.