Beginning Your Search For The Right Vessel
The best way to start your search for a boat, no matter what size, is to carefully consider and articulate your criteria. A knowledgeable broker will try to help you establish the important issues to consider and to itemize. Ultimately, some of the major issues in boat selection are:
- What can you afford to pay for the boat? Will you need financing, or will you pay cash for your purchase? Have you figured in the cost for maintenance?
- How will you use the boat? Will it be for long range family cruising, fishing, or for just local family fun? What you will be using it for will determine the features that may not be obvious to you, like power requirements, vessel range, crane capacities, stabilizers, hull design, etc. Getting clear about your intended use will make both your boat search more efficient and your time aboard more enjoyable with family and friends.
- How many people will you be taking out on the boat? How many overnight guests do you anticipate?
- Where are your intended cruising areas? There are many factors in this question, including the vessel draft, climate equipment specifications, port authority requirements, questions regarding whether you put your yacht into charter service.
- What is your time frame in making a purchase? It is important to be open with your broker so that he can know how best to help you. If you’re prepared to make a purchase immediately upon finding the right boat, that requires a different approach for your broker than if you are ‘just thinking about it’ or expecting it will be in the next couple of years. To be appropriately respectful of your time and the broker’s it’s important to have a clear understanding of your needs, capabilities and dreams.
- Once you and your broker are clear about your parameters, your readiness, the need and the desirable features, he can make some inquiries and present you with some recommendations for your consideration.