We buy yachts at wholesale prices quickly. Having owned a number of yachts over the years, we understand the desire to sell a yacht quickly and discreetly. Sometimes it is not easy…..
Our experience indicates that using the traditional brokerage sale model requires 60-90 days just for the ads to begin running. Sometimes you need to sell next week. That is where we are valuable.
To save you time and energy, the following list outlines what yachts are most interesting to us and our fast, simple purchasing process. There are always exceptions if the price is right.
The Price Range
We purchase yachts with a $200,000 minimum and $5,000,000 maximum purchase price per yacht.
If you have the time to hold, maintain and properly market your yacht to retail buyers, you will probably get a higher gross selling price using one of the many quality brokerage firms. It may take six to twelve months though.... However, once you factor in commissions, advertising, dockage, maintenance, repairs, interest, insurance and crew expenses, our offer just might be the best option for the greatest net proceeds.
Types of Yachts We Buy
Generally we are interested in yachts from 60 to 140 feet. Fiberglass, aluminum and steel are preferred, but we admit to having bought a few wooden boats in moments of insanity. Power is our specialty, but we will also consider sail. We are interested in pleasure vessels only.
We prefer yachts that are in useable condition as is, but will consider refits if the price is right.
East coast of the U.S. is the preferred location for yachts under 100 feet, anywhere in North America is fine for larger yachts.
We are happy to work with listing brokers which have listed your yacht for sale. They are one of our best sources for opportunities. However, if your yacht is not currently listed, please call us directly.
We will not screw you around. Send us details and pictures or a link to detailed information on your yacht. We will let you know if we are interested or not within 48 hours. If we are interested, we will quote you a RANGE of our perceived value based on current market conditions. If this range is not completely detestable to you, we will then visit your yacht with our surveyor at a time that is convenient for you and/or your crew.
Within 48 hours of that visit, we will either pass, make you an “as is” offer closing within 10 days, or make an offer subject to sea trial and complete, out of the water, hull and mechanical surveys. Hauling, survey and sea trials are undertaken at our expense. We use standard FYBA or MYBA brokerage terms and documents for our offers and agreements.
Quite simply we are fast buyers. If you are not in a hurry, there may be better ways to achieve a higher price for your yacht. Call us and we will refer you to some great brokers if you have the time to wait. However, if you have had enough fun and need to quickly access the cash invested in your yacht for another opportunity, please call us in confidence. We can stop the expenses fast!
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