In order to sell your boat you need to put yourself in the position of a potential buyer who is looking for a good pre-owned boat at a bargain price!Here are some recommendations that should help you sell your boat at a fair market price.
Keep your boat clean at all times. Boat Buyers are always impressed by the cleanliness of the cabin, the cockpit, the head (marine term for toilet) and the bilge area. Ensure that the engine, the stern drive and the propeller are in good operational condition and that every accessory functions properly. Remove all items that are not operational.
Be pro-active and prepare yourself for a marine inspection. More and more buyers will rightfully have a boat inspected prior to purchasing. Ensure the update of all safety equipment such as blowers, navigational lights, wiring, battery insulation, compass, horn, VHF, and Coast Guard kit.
Establish a fair asking price. The price should not be set in relation to what you originally paid or to the balance of your bank loan. Your boat has a market value and the asking price should reflect the overall condition of the boat (regular maintenance) and its depreciation over the years.
Tell the world you are selling your boat. List your boat on the Internet, post it at your marina, inform your local dealer, advertise in a specialized magazine and consult a yacht broker. Spread the news that your boat is in selling mode!