Mastering the Timing of Selling Your Boat

Have you decided on selling your yacht already? Then, you probably need some help to manage with timing to sell it quickly yet profitably. No one loves to wait long for a customer and no one wants to make a bad deal and lose profits. Thus, let’s consider some facts to master the timing of selling your boat and comprehend some seasonal insights and market trends for your successful sales.

What Is the Best Time to Sell Your Boat?

Typically, our tips may come in handy for boat owners in the Northern Hemisphere. Thus, is there an ideal time to sell your boat? Yes, and it’s from late February to early June. That’s the time when most people plan their summer vacations and decide on purchases which can come in handy for vacation arrangements. Yachts and boats are among such purchases.

If your boat is located in the Southern Hemisphere, namely, in Australia, LATAM, or the Pacific, the best time for yacht sales is between August and December, which resembles the spring-summer season in Europe and the US.

Which Boats Are Perfect to Sell

World crisis in recent years led to a shortage of used boats. Today, the demand is high for middle-size well-equipped boats in good condition as small-size boats are not universal, and deluxe superyachts are not affordable either in terms of purchase or in terms of their maintenance. So. strategic timing and global market dynamics make it clear that the golden mean is the best today.

What About Pricing?

Times of glamor and impulsive extra-costly purchases have passed long. Today, yachts and boats are more about strategic investment planning than about the chick. If you want to sell a yacht quickly, the best idea is to evaluate its condition, equipment, levels of wear, and modernization prospects when deciding on its price. If you have no idea about how to evaluate the boat you own, do not hesitate to hire a professional appraiser to decide on a fair price.

This approach attracts clientele and helps sell a boat faster and with higher profits. Besides, you can always leave some gaps for negotiations. It often brings great results.  

Impulsivity Can Play a Role: How to Play on the Customer’s Emotions?

Although being impulsive is a bad omen for a customer who wants to make a big purchase like a yacht, you can trigger it and turn it in your favor. Try to advertise your yacht in the best way, do not forget about professional photos and videos to show all its bright sides, and think about some creative advertisements. The truth is, often a buyer is right here, and your proper advertising can make them impulsively purchase your boat.

So, the final verdict on timing is as follows:

• Start your boat sales in February to engage customers from the US or Europe.

• Do not miss a chance to sell it in late summer or autumn to Australian or LATAM buyers.

• Be creative and highlight all the brightest sides your boat has.

• Decide on relevant pricing and do not avoid negotiations.

And the last thing is – turning to 365Yacht’s services as with our expertise your chances to sell your boat increase dramatically.