Before considering selling anything it is a good idea to determine what the price should be. If it was an automobile the solution will be as simple as consulting the Blue Book for comparable vehicles and their worth. Boats take a little more research for most people to determine their value. Decisions to sell my boat are made every day for a number of reasons and it's important to be aware of how to do it properly.
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.
Being careful about the care of your vessel while you own it will pay off when you are ready to put it on the market. Complete records of maintenance and upgrades are very helpful. Cleaning and waxing the hull and all exposed surfaces at least once a year will help preserve it. Keeping it covered during the months when not in use saves the upholstery from damage. Sailboats need rigging and masts inspected often for signs of stress and wear. Rinsing the trailer after use will help prevent rust and corrosion from salt water.
Determining where to place your listing may take some time. There are many venues available for sellers and one of the most popular is the internet. In this forum you will be able to write your ad and post pictures of the vessel. You also have the option of changing the ad or pictures at will on the internet. It is recommended that you employ at least two venues for your ads. Many people use social media to get the word out about their boats.
You can anticipate numerous contacts regarding the sale soon after your ad is published. It is important to determine those who are valid purchasers from those who are not able to purchase and are "tire kickers". Scammers are also a threat to those who wish to sell items online or through other means of private advertising.
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.
Gather all pertinent documents for easy access after the sale. You will need a bill of sale, the vessels title, the title and registration for the trailer and proof that the vessel is paid in full. Many sellers add the maintenance records and warranty cards as a convenience to the new owners.
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.
Being careful about the care of your vessel while you own it will pay off when you are ready to put it on the market. Complete records of maintenance and upgrades are very helpful. Cleaning and waxing the hull and all exposed surfaces at least once a year will help preserve it. Keeping it covered during the months when not in use saves the upholstery from damage. Sailboats need rigging and masts inspected often for signs of stress and wear. Rinsing the trailer after use will help prevent rust and corrosion from salt water.
Determining where to place your listing may take some time. There are many venues available for sellers and one of the most popular is the internet. In this forum you will be able to write your ad and post pictures of the vessel. You also have the option of changing the ad or pictures at will on the internet. It is recommended that you employ at least two venues for your ads. Many people use social media to get the word out about their boats.
You can anticipate numerous contacts regarding the sale soon after your ad is published. It is important to determine those who are valid purchasers from those who are not able to purchase and are "tire kickers". Scammers are also a threat to those who wish to sell items online or through other means of private advertising.
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.
Gather all pertinent documents for easy access after the sale. You will need a bill of sale, the vessels title, the title and registration for the trailer and proof that the vessel is paid in full. Many sellers add the maintenance records and warranty cards as a convenience to the new owners.
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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