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BROKERAGE BOAT SALES
IF
YOU ARE SELLING YOUR BOAT:
A Broker can probably sell it quicker and get a better price. He can
save you time by taking care of the paperwork. Steer you
through the legal jungle, and save you irritation by dealing
with window shoppers. Give you advice on how to prepare your
boat.
BECAUSE:
He has an extensive database of prospective purchasers, and
we spend thousands of pounds each year on advertising. We have
the facility to advertise the vessel on our web site reaching
a massive audience of potential purchasers. Our knowledge of
the market enables us to advise and guide you to achieve the
optimum price for your vessel. We work to the British Boating
Industry Code of Practice for the sale of used boats. We have
expert staff to give help and advice.
WHICH MEANS:
Deva Marine can deal with all sales particulars. All aspects
of advertising, contract, and exchange. Deva Marine can help
with finance and insurance for the new potential owner.
COMMISSION
A minimum charge of £400 incl. V.A.T. or, if greater 8% plus
V.A.T. of the selling price of the boat. The international
rate is 10% where the owner, the yacht or the buyer is not in
Great Britain. We charge VAT on commissions at 17.5% These
rates may seem high in comparison with, for instance, estate
agents, but as brokers we also have to have a full
understanding of the law concerning the sale of boats thereby
taking on the job which, in the case of a house sale, would be
handled by two sets of solicitors.
STORAGE CHARGES
We are able to offer on site display space for boats placed on
sale, this will be charged at our standard rate. This
increases the chance for sale as customers visiting our
showroom are able to view the boat more readily.
WHAT
DO WE NEED FROM YOU?
Arrange to complete a Brokerage particulars sheet. We will
take a range of digital shots for publication in the
particulars and advertising. In addition to our details sheet,
include a copy of a recent survey if you have one.
WHAT
YOU SHOULD DO:
1. Ensure the boat is clean and tidy.
2. Remove all
gear that is not included in the sale (if possible).
3. If the
boat is laid up, have all gear that is included either on the
boat or in store nearby easily available for inspection.
4. Make sure
that everything is in working order as far as possible and
that any minor repairs have been carried out. If there are any
defects with the boat, or its equipment please inform us as
soon as possible.
5. Make it
easy for buyers to inspect the boat by having it in a marina
or mud berth - we can advise the best place nearest to you if
necessary.
WHAT
WE WILL DO:
Inspect the boat and advise on the market price. Prepare a
broker's superficial condition report (NB. This is not the
same as a survey. Prepare the detail sheet and sales
particulars, with digital images. Help draw an accommodation
plan. We have them for most standard designs. Show customers
over the boat (if required) with or without the owner's
presence. Advertise your boat both in traditional media, and
also on the internet. There is a £50.00(incl. VAT)
administration fee for this process.
BROKERAGE ADVICE :
Naturally we prefer to be the sole agency selling your boat as
there is then no confusion as to who found the buyer. So, if
you are seriously trying to sell the boat yourself, we believe
it is better for you to have a go then, if you have no luck,
let us have a clear run.
If you do
find a buyer however, we are quite prepared to do the searches
and organise Contracts, Bills of Sale, VAT invoices etc., for
a fee which would be less than half the normal commission,
depending on the amount of work entailed.
THE
STAGES IN BUYING OR SELLING A BOAT
1. Seller
instructs broker and gives him all details, photographs, and
any drawings of the boat.
2. We inspect
the boat, write a report and advise the seller of the price.
3. We print
detail sheets and send you a copy to check, sign and return to
us with any amendments. We also send you a Listing Agreement
to sign stating that you wish us to sell the boat on your
behalf.
4. We print
detail sheets and send them out to the customers on our
database.
5. Buyer asks
to see the boat and we arrange to show him over, alternatively
arrange for the owner to do this.
6. Buyer
makes an offer to the broker, either-
a. As is
where is
b. Subject to
survey
c. Subject to
sea trial
d. Subject to
b. and c.
7. Seller
accepts (or refuses, in which case further negotiations may
follow).
8. We will
prepare Sales Contract for both parties to sign.
9. Buyer
lodges 10% holding deposit with our Bank into our clients
escrow account
10. The buyer
arranges survey with surveyor, broker and/or seller if
applicable.
11. If survey
is acceptable, buyer pays remaining 90%. If not, the price is
normally re-negotiated or occasionally the sale falls through.
12. We then
prepare a Bill of Sale and documents concerned with change of
ownership.
13. Next we
arrange the handover of the boat
14. DEVA
MARINE pays the seller 28 days after the boat has been paid
for and collected by the buyer.
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