THE FUTURE OF YACHT SALES IS HERE

When it comes to selling your yacht, we know there is always a winner, and with traditional sales (and many other things), it is ALWAYS the bank. The best way to maximize your profit as a seller, is for YOU to become the bank. The risk you take on is no more than the bank and we take every cautionary step to reduce the risk. You Pay No Commissions, Create a monthly profit, and push Capital Gains Tax (legally) for sometime in the future, possibly saving even more.

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Higher Effective Sales Price

More money is always great right?  That's ALWAYS the Goal. Since you are already saving a ton on commissions, your sales price is effectively higher when you become the bank. Also, possibly the best part, is creating a difference between what you owe and the new payment to create passive income. Stop hemmorrhaging money every month. The longer it goes, the more you make. So, the Maximum profit comes from those who are Free and Clear. Most sellers collect some sort of a down payment right away, either to put down on another boat, or just put it in your pocket. 

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Cast A Wider Net of Buyers

Regardless of the market conditions, when you become the bank it will attract a wider array of buyers who may not qualify for, or feel uncomfortable with traditional financing. There may be an opportunity to work with otherwise highly-qualified self-employed individuals, or those who have retired, who may not have the precise documentation required in order to qualify for a fully underwritten bank financing loan, but given time, they will, or they can produce the funds necessary to fully cash you out.

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Quicker Sale

Do you need your yacht to sell quicker? Every month that your yacht doesn't sell, you have to pay for the monthly payment, insurance, repairs, utilities and other maintenance services associated with the yacht. This can significantly cut into earnings from the sale. If your yacht is not moving as quickly as you'd like, becoming the bank will raise additional interest from buyers, if not for the sole purpose of ease of the sale. There is no back and forth, inspections, improvements, or lengthy processes to go through. It goes like this, we find a buyer, agree on the terms, and close with an attorney.

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Full Control

In most cases, you are in FULL control over terms set, so there are ways to get creative. The purchase price is set by the market, not the appraisal. It really depends what you are looking for out of the sale, but the ole adage rings truer than ever when using this method, "the easier it is to buy, the easier it is to sell." So, if you are motivated to sell, it should be priced accordingly. However, You are offering an incentive that few sellers do. If you are willing to do this for a buyer, you put your yacht into a very exclusive club.

 

Defer Capital Gains Tax

 Of course, it can get complicated, but deferring Capital Gains Tax for sometime in the future can be VERY beneficial.