Selling a yacht can be a complex process. In addition to staging the boat so it attracts interested buyers, you must take other steps to ensure the transaction is legally sound. The following guide explains the necessary requirements and why working with a yacht broker is a smart idea for sellers. 

How to Ensure the Sale of Your Yacht Goes Smoothly

1. Know What Paperwork Is Needed

In order to legally sell your yacht, you must have the title and registration for the vessel. You might also need a Coast Guard Bill of Sale, which is also known as form CG-1340. This is required if the yacht is registered with the U.S. Coast Guard, as it establishes a change of ownership. Other important documents include service and maintenance records, as well as warranties for the boat or its components. 

You’ll also need to develop your own bill of sale to document the transaction. Include a description of the vessel, date of purchase, price, and hull number—which is the boat’s serial identification number. Once this paperwork has been reviewed, the seller and buyer must both sign the document.

2. Prepare the Boat

Buyers are likely to scour the boat in search of defects and other issues, so clean and inspect it thoroughly. Inside the yacht, check lockers, storage areas, scuppers, drains, and other out-of-the-way places where grime accumulates. 

If the exterior is looking a little dull, have it polished and waxed. Don’t let small issues—like torn seat upholstery or broken zippers—derail the transaction. Having minor blemishes repaired is worth the cost when you consider the impact it has on prospective buyers.

3. Work With a Yacht Broker

While you can sell a boat on your own, working with a broker offers peace of mind throughout the process. An experienced professional will help you set a reasonable asking price, suggest improvements, and implement effective marketing and advertisement strategies. They can also help you gather the necessary paperwork and ensure it’s all filled out correctly to avoid time-consuming mistakes that can cause delays in the sale.

For over 15 years, the professionals at World Class Yacht Sales, Inc. in New Port Richey, FL, have been the trusted choice for local buyers and sellers. These experienced yacht brokers understand what customers are looking for, and they’re dedicated to ensuring your vessel exceeds expectations. They also have a wide reach when it comes to marketing, including more than 100 websites where they can list your boat and target interested buyers. Learn more about their impressive qualifications online, and call (727) 945-7500 for more information.