By Tom Pilkington
Early on in my brokerage career after closing a sale of a boat, the listing broker said, “Yes, it was a very nice boat. You could hardly tell it was a charter boat.” After the shock, I asked why he did not tell me this important information about the boat during the previous weeks prior to the closing. He replied, “You never asked!” Ethically I knew I should have been told about this, but is there also a legal responsibility?Read more
By Matt Leduc, Latitude Yacht Brokerage, LLC
You have made the jump and are looking for a boat for you and your family. You have worked hard for a long time and this is your payoff. Your broker has listened intently to your needs. You have done your homework together and have come up with a handful of boats that could be “The One.” Do you know what you should be looking for?
The entire process of “looking at the boat” is very important. You must look with intent and purpose. You are looking for clues to the boat’s history. It’s nice to get as much information about the boat as possible before you go to see her. Many times the seller may be unaware of an issue, and other times the seller would rather have you try to find the problems. The data you collect should be used to assess if she is worthy of your consideration. Now, let’s go take a look.Read more
By Tom Pilkington, CPYB
A common dilemma confronting boat shoppers in search of a perfect used boat these days is, “Should I go it alone?” or, “Should I work with my own broker to represent and advise me during the process?”Read more