Finalising the Transaction
Once an offer is accepted, the broker can ease the process of finalizing a transaction. This includes:
Safeguarding Funds
The customer's money deposit, based on the offer price, is safeguarded in a clients account.
Assisting In Arranging A Survey
A yacht broker should provide a customer with a list of recommended marine surveyors, from which a buyer can then choose a surveyor to
represent him in accurately assessing the condition of the boat. The broker should also have current knowledge of boatyards at which a survey may be conducted.
Organising A Sea Trial
More than a joy ride or a mere formality, this is when the buyer confirms how the boat should perform.
A yacht broker should be able to assist the buyer in making a realistic assessment of the strengths and weaknesses in the performance of a particular boat.
Promoting Ethics
The yacht broker's position as a middleman between buyer and seller places substantial ethical responsibility on him to ensure that both parties are treated honestly and fairly.
Preparing Paperwork
To complete a transaction, the maze of paperwork can often be daunting to the buyer - from the initial Offer to Purchase, documentation and
Bill of Sales and all the way on to the final closing of the deal. A good broker will assist in making sure all aspects of a deal are properly completed.
Troubleshooting
With every potential transaction, there are a host of problems that can develop, whether it's a boat that needs yard work to establishing a clear title.
A good yacht broker will have the experience to assist the buyer in ensuring that problems stay small, and the knowledge on how best to resolve them to everyone's satisfaction.