How Much Is My Boat Worth?

By [http://ezinearticles.com/?expert=Jerry_Chiappetta,_Jr._]Jerry Chiappetta, Jr. 
Finding out how much your boat is worth is not an easy task, especially in this economy! Guessing is obviously not the way to go, although many folks do just that and end up selling for much less than necessary by panic selling.
Some important factors that we take into consideration when giving a Free Boat Market Evaluation are; the overall realistic condition compared to other similar vessels that we have recently sold; availability of service records; the location; how soon the owner wants the boat sold; how often the boat is used and dozens of other important factors about the vessel are taken into consideration as well. Some boat sellers think that because they have top of the line Furuno electronics on their motor yacht that it drastically increases the value of the vessel. This is simply not the case, especially to a buyer that may only want Garmin electronics. In short, with the marine electronics industry changing so fast, what is top of the line this year may be considered obsolete next year. Yes, we take electronics into consideration when giving a seller a boat market evaluation, but how the vessel was (and is) maintained overall far outweighs the electronics package.
There are so many unique variables that need to be considered when accurately getting a current value on the boat. Simply doing a search on your year make and model is not going to do the trick. In short, it takes a lot of professional research to get the exact number and that's why using a professional licensed and bonded Yacht & Ship Broker with a proven track record will land you top dollar for your boat and make it well worth paying the commission. If selling your boat on your own you must consider the time away from your own work or business that will be greatly consumed during the marketing process from start to finish.
Once you have researched and found a Yacht and Ship Brokerage that offers an initial Free Boat Market Evaluation on your current boat, make sure that the brokerage firm will produce video ads on your boat as well as still photos because in this economy, all of the best possible advertising is required in order to get your boat sold and burning fuel headed the other way!
A Licensed and Bonded Yacht & Ship Broker that is confident in their abilities will not charge you a dime if they can't get your boat sold, so don't fall for any monthly advertising fees or other hidden charges. A good reputable Yacht and Ship Broker will only charge you the standard ten percent commission if and when your boat is sold and closed. If another brokerage firm has the buyer, the two brokerage firms will simply split the commission and you will not be required to pay each brokerage firm a ten percent commission. It's important to note that many Yacht & Ship Brokerage firms will not advertise your boat to the thousands of other Yacht & Ship Brokerage firms because they want the full ten percent commission for themselves. This tactic is a total injustice to you the seller, so make sure the broker you inquire with will also present your boat to the thousands other licensed and bonded Yacht & Ship Brokerage firms since they may very well have an immediate buyer for your boat.
We'll see you out on the water!
Jerry Chiappetta, Jr., President / Employing Yacht & Ship Broker
GOLDEN GATE BOAT SALES.com
1720 Golden Gate Boulevard East
Naples, Florida 34120- USA
PH:239-430-BOAT(2628)
Web Site: http://www.GoldenGateBoatSales.com
Article Source: [http://EzineArticles.com/?How-Much-Is-My-Boat-Worth?&id=6614390] How Much Is My Boat Worth?