Your boat is a major disposable asset however, there’s a “but.”
What tends to matter most is how quickly you can sell your boat and at what price. More often than not, the key to selling your boat successfully is through consignment.
Consignment is a little like entrusting your house to a real estate agent to sell. There are plenty of benefits that come with doing this. Read on to find out why you should consider boat consignment in Brisbane as your first port of call when selling your boat.
Boat Consignment Explained
In a nutshell, consignment means handing your goods over to the care of another person or organisation for selling. You would still retain legal ownership of the goods until the sale gets completed.
The boat broker involved in the consignment acts as a middleman between you and any potential buyers. As industry experts, they’ll be across the current market. They’ll understand the price buyers are willing to pay for the full gamut of makes and models in the boating world.
You can sit back and relax, knowing that someone is on your team trying to sell your boat for you.
The Benefits of Boat Consignment
When you consign your boat to a trusted and reputable dealer like Mike’s Marine, you’ll get a range of important services. These include:
- A marketing and advertising strategy to sell your boat
- Advice on the price you should sell your boat for
- Professional photos so that your boat always looks its best
- Access to a database of potential buyers through Mike’s Marine
- Setting up viewings of your boat with interested parties
- Negotiating skills when dealing with potential buyers
- Advice on what you can do to enhance the chances of a sale at the best price
- Proven expertise in boat selling
- The handling of legal issues and all your boat’s paperwork
Preparing Your Boat For Consignment
You should take a long good look at how your boat stands up to competition from
others of a similar kind and age. Here are some key points to consider:
- Evidence of repairs and boat servicing
- The condition of the engine
- The working order of electronics
Buyers are likely to use any issues they see as bargaining tools to get the price of the boat down. Mike’s Marine can advise you about which areas you should pay particular attention to.
The majority of people can tell whether they’re attracted to someone else within the first 90 seconds of meeting them. It’s a similar story with boats. That means that creating the best first impression is a key part of the selling process.
If your boat looks dirty, potential buyers will ask themselves whether the inner workings of the boat are equally uncared for. You should see that your boat is shipshape by waxing, detailing and polishing it thoroughly.
You should wash or clean fabrics, curtains, glass surfaces and carpets so that they all smell fresh. Use a disinfectant and pay particular attention to getting rid of mould.
Getting your boat looking its best can play a vital part in the quality of the photos your dealer will need to get taken in order to sell your boat. Photos are integral to the selling process as they act as bait to attract potential buyers.
An accurate and detailed description of what your boat has to offer needs to accompany the pictures. Mike’s Marine has the marketing skill to ensure listings will generate maximum interest.
Advice About Repairs and Upgrades
A fundamental stumbling block for any would-be boat seller is knowing whether to do repairs before a sale. It’s worth remembering that although many repairs may not give you much of a return on your investment, they may be deal-clinchers.
At Mike’s Marine, we know exactly which repairs and upgrades could be worth carrying out and which are not. It’s typically always wise to fix small problems like faulty lights or wobbly handrails.
Any real estate agent will tell you that the quality of a kitchen can make or break the sale of a home. It may come as no surprise then that the galley and saloon can sell the boat. It’s worth weighing up if updating safety equipment or replacing older electronics is a sensible option.
If you’ve repowered a boat within the past few years, you’re likely to get a better return on your investment than any other kind of upgrade. Evidence of an upgrade can be enough to seal the deal.
Major issues can be costly but if you don’t carry out repairs you may not achieve the sale price you’re hoping for. The best person to talk to about investment and return is Mike’s Marine. We understand the current market and can help manage your expectations.
Getting the Price Right
Setting your boat at the right price is an art form in itself. It takes an expert to weigh up all the dependencies at play.
If you don’t understand the market it’s easy to fall into the trap of setting the price too high and turning off potential buyers. At the same time, you don’t want to lose money by lowering the bar too much. At Mike Marine, we’ll help you figure out the right price for your boat taking into account the following:
- The current cosmetic and mechanical health of your boat
- The power and condition of the boat’s engine
- Proof of servicing and repairs
- Where you reside and current market conditions
- The condition of your boat’s accessories and electronics
Boat Consignment in Redlands Made Simple
There’s a whole lot more to selling your boat than writing up an ad. It takes expertise and time to shift a boat. If you don’t know what you’re doing it can be an extremely stressful experience and you may end up wasting time and losing money. That’s why we’d recommend leaving it to the experts.
Mike’s Marine has years of experience in boat consignment in the Brisbane area and beyond. Get in touch today with Redlands’ most trusted boat specialists and you could soon be sailing off into the sunset with a boat sale in the bag.