What does it cost a buyer to purchase through a professional yacht broker?
Absolutely nothing: the services that a professional yacht broker provides are paid for by the seller. The professional yacht broker acts on behalf of the seller and working closely with the buyer to guide them through all the processes involved in the purchase is perhaps the most important part of that service.
What if a buyer needs help finding the right yacht?
We would be delighted to discuss your yachting requirements and suggest possible options to consider. Please feel free to email us or complete the contact form at the bottom of this page.
Will a purchase be warranted or indemnified by a professional yacht broker?
A professional yacht broker acts on behalf of their client who is the seller. However, they do have a clear duty of care towards the buyer.
Where a seller is a private individual or a corporate entity not selling in the course of their everyday business, a warranty may not apply. It is very important that a buyer should satisfy themselves as to the suitability and condition of the yacht through personal inspection, professional survey and/or sea trial. The costs associated with such checks will usually fall to the account of the buyer.
In respect of title, registration, VAT and RCD/RCR, again, the buyer must be satisfied that these are in order. We will request all supporting paperwork from the seller and seek to make them available for inspection by the buyer. For more formal advice on paperwork matters, a buyer should seek further advice from qualified sources such as the relevant customs authority or in the case of RCD, a notified body
We have produced a basic guide to VAT & RCD/RCR which can be found here
What if the yacht is offered for sale privately?
We uniquely offer a bespoke & dedicated yacht conveyancing service which can used by either buyer or seller to look after all the contractual, financial and paperwork aspects of the purchase. Full details can be found here.
What is the purchase process?
To fully explain the most commonly adopted purchase process, we have produced a guide to take the buyer through the various steps of purchasing a yacht from finding the right yacht through to sailing away from the dock. This guide can be found here.