Trawler yacht in China

Selecting Your Broker

How to choose a trusted yacht broker who will protect your interests during the hunt, throughout negotiations, and even after the sale.

At a Glance

What Makes a Great Broker

Choose Your Own

Don’t let the industry assign you a broker — take control and select someone based on reputation and product knowledge.

Communication First

Your broker should respond promptly, listen carefully, and keep you informed throughout the entire process.

Full-Service Support

From research and viewings to legally vetted offers, surveys, insurance, financing, and closing — your broker handles it all.

Product Expertise

Select a broker experienced in the type of trawler you want who can share deep knowledge and trusted industry contacts.

Beyond the Sale

A great broker helps you acclimate to your new trawler, trains you on systems, and introduces you to the owner community.

Industry Connections

Well-connected brokers offer access to surveyors, insurance providers, lenders, and service professionals you wouldn’t find on your own.

Essential Questions

Five Things to Consider

01

Did you actively choose your broker, or were you assigned as a sales lead?

02

Does the broker have specific experience with the type of trawler you want?

03

Can the broker provide legally vetted purchase agreements and a bonded trust account?

04

Will the broker help assemble your full buying team — surveyor, insurance, financing?

05

Does the broker offer post-sale support like systems training and owner community introductions?

The Full Story

Selecting Your Broker

Finding the right trawler is a time consuming vocation and though most buyers are savvy enough to determine their preferences and locate a desirable trawler for sale, the actual transaction process, from making an offer to closing the deal, can take a confusing path with twists and turns that end up in frustration, unexpected expenses and wasted time. It's a much simpler process if you find a trusted yacht broker who will protect your interests during the hunt, throughout the purchase negotiations, and even after the sale.

Interestingly enough, picking your yacht broker is typically not your choice to make…at least that is how the industry has set it up.

Put yourself into the shoes of the yacht brokerage owner who wants to provide for their sales staff. Every email, phone call, walk in, etc. is a “LEAD” to be distributed to the salesperson who is “UP”. Most boat buyers have no idea that by making a call they have created what can amount to a lifelong relationship with the salesman who happened to pick up the phone.

If you have been to a boat show or two, you may realize that those “BOARDING PASSES” where you filled out your name, address, phone number, and email so you could take a tour have been integrated into the company contact management system and you now not only have a permanent home in the data base, but you have a salesperson assigned to your “ACCOUNT”.

“Most boat buyers have no idea that by making a call they have created what can amount to a lifelong relationship with the salesman who happened to pick up the phone.”

For most buyers, purchasing a trawler is not an impulse purchase. It is a long, drawn out, well-analyzed process that can be done in a matter of weeks, but on average takes five years from original contact to purchase.

The broker you select should be experienced in the type of boat you are looking for and absolutely should be someone you can confide in and trust.

Your yacht broker needs to know you very well and what your cruising plans are in order to find the right boat for your purposes. This is a huge responsibility that requires a strong work ethic and professionalism throughout the process. Your broker should practice excellent communications skills, promptly respond to your phone calls and emails, have attention to detail, and be a good listener.

It's best if you can meet with your yacht broker in person and continue the relationship with phone calls, texts, and emails. This is a major purchase, and your yacht broker should help you understand that the spending does not just end with the purchase price. There are many other expenses, such as maintenance considerations, repairs, and upgrades.

Well-connected brokers offer an additional benefit. Connected brokers have a network of resources that they can make available.

American Tug 34
American Tug 34

You should look for a yacht broker who can assist you in all aspects of the purchase process. To start, it begins by researching choices and arranging viewings. When you identify a trawler that piques your interest they can help you make an offer by providing you with legally vetted purchase agreements. Your broker should hold your deposit in a safe, bonded brokerage trust account (escrow). They should be able to guide you to legal advice to understand titling (family trust, LLC, etc.) and taxes (sales tax, property tax, use tax, etc.).

A good yacht broker will have a list of questions to help you hire a surveyor (hull and diesel mechanic) and help you assemble your trawler buying team by referring you to insurance providers and yacht financing lenders.

“The broker you select should be experienced in the type of boat you are looking for and absolutely should be someone you can confide in and trust.”

Once the offer on your new trawler is accepted, there are a lot of “moving parts” that quickly become actionable. An experienced broker may create a detailed timeline that identifies who is responsible for what and when tasks are due along with a summary of the contacts.

After the sale, your broker should set aside some time to help you become acclimated. He/she should have the product knowledge and expertise to train with you on systems operations and practice boat handling with you to make sure you are comfortable with your new boat and understand how to operate it confidently.

Your broker should ease your introduction into the trawler lifestyle. He/she should introduce you to other trawler owners and owners' clubs.