By Beryl Dalton


Before considering selling anything it is a good idea to determine what the price should be. If it was an automobile the solution will be as simple as consulting the Blue Book for comparable vehicles and their worth. Boats take a little more research for most people to determine their value. Decisions to sell my boat are made every day for a number of reasons and it's important to be aware of how to do it properly.

Determining the value of a vessel can be done online by searching the model and design of the craft and finding those that are for sale. Looking at listings in magazines devoted to boating and water sports or visiting local dealers that handle similar vessels are also viable options. Variations in price can be caused by upgrades and upkeep that have been done.

The care given to the water craft while in your possession will increase the value of any vessel. Cleaning and waxing it every year is one of the best ways to help it retain value. Making certain it has a water tight cover for when it is not in use protects the interior seats and trim. If you own a sail boat the mast should be checked every year and any rigging that is worn needs to be replaced. A complete and through report of all maintenance performed needs to be kept by the owner. If you have a trailer for transporting it, the trailer will need to be rinsed off each time you use it.

There are several options for placing your for sale ads before the public. The internet is a fast and easy method of getting wide distribution of the information. Newspapers and magazines are another venue but with these there may be a delay of days to weeks before they are printed and delivered. Many people add their social media as a means of letting people know what they have for sale.

You can anticipate numerous contacts regarding the sale soon after your ad is published. It is important to determine those who are valid purchasers from those who are not able to purchase and are "tire kickers". Scammers are also a threat to those who wish to sell items online or through other means of private advertising.

If you have a potential buyer, meet them in person to help you decide if they are serious or if they know about boats or not. Financial dealings should be done by wire transfer to protect you the seller. There is a fee from the bank but they are experts at this. Before giving the keys to the buyer make certain the money has cleared and is securely in your account.

Create a document checklist for after the sale. Be certain it contains everything necessary to complete the sale. It should include a bill of sale, the title, proof that the vessel is lien free, and title and registration for the trailer. As a courtesy you might include the maintenance records and any warranty cards that you may have in possession.

Once you have canceled the ads online or in the papers and called the insurance company to terminate the coverage you will have completed the sale of your boat.




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