I'm kind of curious what kind of mark-up used MY's have. What made me especially curious was this listing

Kemo Sabe

I was at lunch one day at Red Sails Inn on Shelter Island with my Dad, and we noticed a team doing some clean-up work on her at the next dock over.

We walked over and the brokerage manager asked us what we thought of her. Quite pretty, I said, what would it take to own her?

His response was that the owner wanted $600k, but that if we had the cash somewhere in the $350-400 range would probably do the trick.


You think that when you see yacht listings at $750k or so that they are marked up by 1/3 or more?

Just dreaming on my part, I know absolutely nothing about what those big things go for.

Yacht brokers don't have any markup. Their commission is paid from the sale of the boat just like a home sale. Any price is negotable.

Wanna buy mine? Broker gets 10%.

My guess is that the deal price would be something like buying a vacation condo. Depends on the desperation of the seller. With new yachts, not used, pricing should be a lot more predictable.

Kelly

Troop, I looked at a boat last spring that was listed at $489K. It went down to $419K in mid summer, and it just went down again to $344. The broker called me when the priced dropped recently and said he thought it could be had for $300K.

Brokers usually work on a 6%-10% negotiated commission. If there are two brokers involved, they split it.

wow that seems like an awful lot of mark up. I think you should price it at least in the range you want so you can get the most interest. Because dropping a price almost $200k someone could have been in the 3-350 range and never looked at the boat due to the much higher price but could have been sold last spring if the seller priced accordingly if that makes sense.

I think folks do look at a price range and if the owner/seller starts high, then alot of potential buyers pass a boat by. Now, if a owner has had a margin call, well, that boat just gets marked down by its owner, not the broker.

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