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Yachtworld ?? Good or Bad?

  • Thread starter Prairie Virgin Sailor
  • Start date Mar 22, 2021
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Prairie Virgin Sailor

Prairie Virgin Sailor

Do serious boat buyers actually use Yachtworld.com for anything more than a "Sailor's Porn Magazine"? Is there some "boat searchers etiquette" traditionally followed for people wanting to buy a sailboat that I am not aware of? I bought my current boat off Kijiji and am now browsing about for a more serious boat. I am constantly looking at boats for sale on Yachtworld.com. I have made 4 general enquiries re boats I have found on their website. Three of the enquiries I heard nothing back on, and the forth, I received an acknowledgment from the broker telling me he would be happy to help me out. I asked for clarity on a Pacific Seacraft Dana 24 which is listed as a 27 foot vessel. I asked for clarity on this ... he never responded. Finally, I sent a statement/complaint to Yachtworld.com in general explaining the lack of response regarding boat enquiries I have made. Surprise ... I heard nothing back. What's up??  

JohnShannon

I bought half my boats through Yachtworld. I did not share your experience, maybe it is the Covid  

Really ?? Well now I feel it's personal (smile). Interesting???  

JamesG161

SBO Weather and Forecasting Forum Jim & John

Most Brokers are part of a Multiple Listing Service. Pick one to find who has a Boat's Listing as a Broker. I bought mine through this Broker by shear accident. Here is his Hunter Sailboat listing today. https://masseyyacht.com/search-resu...=0+9999&_sfm_Price=0+9999999&_sfm_is_massey=1 I called his number on a weekend. He is in Florida. He then called the Listing Broker in Biloxi MS. Here is our testimonial for the Head Broker, Ed Massey. https://masseyyacht.com/1997-hunter-430/ Jim and Sue...  

DArcy

@Prairie Virgin Sailor I had the same experience as you from Yachtworld. In fact, I had extremely poor response from all the brokers I contacted. My guess is my budget was below their level of interest although I'm not sure why they bother listing boats if they don't plan on selling them. I ended up buying my boat privately off kijiji. I was concerned about buying without the oversight of a broker and used a purchase agreement I found online, modified a bit to better suit the sale. Everything went very smooth but the seller was a really great guy and was open to negotiation from the deficiencies found in the survey. I'm not sure it is always that easy.  

i bet you would get a snappier response on a 50 ft Benehuntalina than you do on small cheap boats.  

DArcy said: @Prairie Virgin Sailor I had the same experience as you from Yachtworld. In fact, I had extremely poor response from all the brokers I contacted. My guess is my budget was below their level of interest although I'm not sure why they bother listing boats if they don't plan on selling them. I ended up buying my boat privately off kijiji. I was concerned about buying without the oversight of a broker and used a purchase agreement I found online, modified a bit to better suit the sale. Everything went very smooth but the seller was a really great guy and was open to negotiation from the deficiencies found in the survey. I'm not sure it is always that easy. Click to expand

shemandr

Some of those online listing services never take a listing down. It's really irritating to get interested in a boat only to find out it sold three years ago. You have to pay attention to the listing date. If it's more than a year ago it may be stale. That may be a reason you're not getting responses. Or maybe it's just that brokers don't perceive it's worth the effort on a cheap boat. But 10% of $7,000 is $700. Yeah, sure - I'd rather earn $7,000 but I've done plenty of work for $700 or less.  

william24424

william24424

I believe it's a seller's market out there., if I may use the Real Estate analogy, Zillow for browsing and a reputable Realtor/attorney to represent your interests. Find a trusted Yacht broker, stay until he/she finds your boat & let them negotiate, might be the way to go. You might Use Yachtworld to browse and if you find something you like have your broker contact owner. IMHO.  

rgranger

sailboatlistings.com is another place to look for lower end sailboats. But as @shemandr said, some of the listings are never taken down. I've used sailboatlisting.com with good results. Just look at the very bottom of each listing to see when it was posted. If it is more than 6 mo old, it is probably a dead listing. Then proceed with a buyer-beware attitude.  

Yachtworld is a listing service for boat brokers much like the multiple listing services for real estate. The Brokers side of Yachtworld has important information about boat sales, like asking price and actual selling price and how long the boat sat on the market. The standard commission for a broker is 10%. In terms of paper work and closing the sale there is just about as much work to do on a $20,000 boat as there is on a $200,000 boat. As a result, brokers are much more inclined to work on selling $200K boats. The broker typically works on commission and he does not get the full commission, the owner of the brokerage takes some to cover overhead. Thus on a $20,000 sale the selling broker may put much less than $1000 in his pocket. For low value boats, and in the brokerage world anything less than about $50K is a low value boat, brokers have little incentive to spend a lot of time educating a potential buyer about a particular boat. You may ask, if they are so uninterested in selling a boat, why do they take the listing? A good question. Mostly it is a courtesy and a sales lead. If you buy a more expensive boat and you have to sell yours, they will list it. If buy a boat a low value boat now, you may come back in a few years a buy a higher value boat. But they are not going to spend a lot of time and effort trying to sell a low value boat to someone far away. And they won't spend much time with tire kickers (keel kickers?). For boats in your price range, identify a few boat you are interested in that are in the geographic area. Call the brokers, not email, and tell them you will be in their area on XXXX and want to look at a particular boat. Schedule a meeting time and then go there. You should get a better response from a broker who knows you are interested enough to invest the time and money to travel. In the end, brokers are just trying to earn a living. Given a choice to spend roughly the same amount of time on a sale the will earn $1000 or one that will earn $10000, which one is going to get the attention.  

dlochner said: Yachtworld is a listing service for boat brokers much like the multiple listing services for real estate. The Brokers side of Yachtworld has important information about boat sales, like asking price and actual selling price and how long the boat sat on the market. The standard commission for a broker is 10%. In terms of paper work and closing the sale there is just about as much work to do on a $20,000 boat as there is on a $200,000 boat. As a result, brokers are much more inclined to work on selling $200K boats. The broker typically works on commission and he does not get the full commission, the owner of the brokerage takes some to cover overhead. Thus on a $20,000 sale the selling broker may put much less than $1000 in his pocket. For low value boats, and in the brokerage world anything less than about $50K is a low value boat, brokers have little incentive to spend a lot of time educating a potential buyer about a particular boat. You may ask, if they are so uninterested in selling a boat, why do they take the listing? A good question. Mostly it is a courtesy and a sales lead. If you buy a more expensive boat and you have to sell yours, they will list it. If buy a boat a low value boat now, you may come back in a few years a buy a higher value boat. But they are not going to spend a lot of time and effort trying to sell a low value boat to someone far away. And they won't spend much time with tire kickers (keel kickers?). For boats in your price range, identify a few boat you are interested in that are in the geographic area. Call the brokers, not email, and tell them you will be in their area on XXXX and want to look at a particular boat. Schedule a meeting time and then go there. You should get a better response from a broker who knows you are interested enough to invest the time and money to travel. In the end, brokers are just trying to earn a living. Given a choice to spend roughly the same amount of time on a sale the will earn $1000 or one that will earn $10000, which one is going to get the attention. Click to expand

I have bought boats I found on both sailboatowners.com and yachtworld and was very happy in both cases. I have also had success selling on sailboatowners.com. Tim  

Tim22 said: I have bought boats I found on both sailboatowners.com and yachtworld and was very happy in both cases. I have also had success selling on sailboatowners.com. Tim Click to expand

The problem is not with Yachtworld. However, I do not like Yachtworld's new format which makes it more difficult to use. Like so many others, I have had issues with non responsive brokers. Many brokers are doing it part time (retirement hobby) or just not trained in the profession. If a boat is sold, they neglect to remove the listing. Makes no sense. Then you look at some of the pictures of boats that look like trash bins. Wonder why they don't sell ??. Why would a broker take on such a listing? I know of brokers that take listings on boats that are 2 hours away and expect the owner to show their own boat. ??? Sailboat Listings and Texas Sailing seem to work well.  

FastOlson

@dlochner hit all the big points. Like anything in life, there are great brokers, and crappy ones. No way of knowing what you'll get. Wanna get a brokers attention? Call them. A Dana 24 with the very common bow sprit is 27 feet long  

Jackdaw said: @dlochner hit all the big points. Like anything in life, there are great brokers, and crappy ones. No way of knowing what you'll get. Wanna get a brokers attention? Call them. A Dana 24 with the very common bow sprit is 27 feet long Click to expand

Scott T-Bird

Scott T-Bird

I contacted at least 8 to 10 seller's brokers via Yachtworld last spring when I was searching for our boat. I called at the same time as sending an e-mail. Every time I left a voice mail, I got a return call within the hour, and I'm talking about evening calls. Every single one responded. I was very specific about my inquiries and I got honest replies, as far as I could tell. So, I had a very good experience with Yachtworld. I'd say they all had bigger fish to fry, but I had a good impression that they were going to provide approximately same level of service as they would dedicate to purchasers of more expensive boats.  

Scott T-Bird said: I contacted at least 8 to 10 seller's brokers via Yachtworld last spring when I was searching for our boat. I called at the same time as sending an e-mail. Every time I left a voice mail, I got a return call within the hour, and I'm talking about evening calls. Every single one responded. I was very specific about my inquiries and I got honest replies, as far as I could tell. So, I had a very good experience with Yachtworld. I'd say they all had bigger fish to fry, but I had a good impression that they were going to provide approximately same level of service as they would dedicate to purchasers of more expensive boats. Click to expand
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The Largest Selection of Yachts in the World

YachtWorld website

With the highest consumer interest for boats over 40 feet, YachtWorld reaches 6 million monthly boat shoppers and delivers more leads than any other source – over 50,000 leads each month – of which, 1 in 8 ultimately converts to a purchase.

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What happened to YachtWorld and has anything replaced it?

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Way back when I used yachtworld.com to find my first two boats it felt like it listed every boat for sale on the planet. Now, not so much at all. Even if it wasn’t actually comprehensive now it feels like the number of boats listed there is a small fraction of what used to be. Is this just my imagination? And can anyone suggest a website that would allow me to shop for a boat worldwide. Google is a bit hit-or-miss. Thanks!  

yachtworld dinghy

right now the dealers are listing everything they can get there hands on. there are not as many boats available. just for fun My son put a fore sale sign on our boat and had 5 calls the same day with 2 offers with numbers. Dealers have a wait list for people wanting boats. it has become a sellers market. I have had 2 Dealers call me and ask if I wanted to list our boat and say they have several people wanting to buy one like ours.  

I don't think anyone expected to see a market like this ever again. Friends put their boat on the market this past winter, while it was on the hard. It sold in less than a week for full ask, sight unseen.  

yachtworld dinghy

Even our local Facebook market place is waaaay down in it's boat listings...there just are not as many of them for sale that have not sold right now. Unless you are looking for an old I/O speedboat with no engine. Backyards around here are full of them, just not listed for sale.  

yachtworld dinghy

I was on yachtworld.com couple of weeks ago. I seemed the same to as it was years ago really.  

yachtworld dinghy

Hey, As mentioned, it's a sellers market and the number of boats available is way down. Many manufacturers have a waiting list of over a year for new boats. Barry  

I just bought a boat in this crazy market. It was not easy with several boats selling before I had a chance to see them. I think Yacht World is the same as always - as others have suggested - it's just that the inventory is massively different.  

yachtworld dinghy

We just closed on a boat we bought back in January and boy am I glad we started early and tromped through the snow to look! Broker said he had multiple above asking offers on the boat since we bought it, sight unseen! Crazy. At least up here people seem to have waited till spring to really go nuts. Sent from my iPhone using Tapatalk  

yachtworld dinghy

It's a sellers' market these days. That means a lot of boats won't even make it to the official listings before they're snatched up. And in this kind of market sellers don't need brokers as much. To get on Yachtworld a boat must be listed through a broker. So I'm not surprised all these factors could lead to fewer boats on YW.  

Yep. For what my boat partner and I were looking for (36', older ('80s), Sabre, Bristol, etc. under $50k) even the boats listed through brokers on Yachtworld after initial inquiry sometimes got me no response or after initial inquiries asking for some specifics as to condition (for boats out of my geographical area) they wouldn't follow up after some initial questions. I get the sense that in this market the brokers listing these boats are more focused on higher dollar listings. I eventually found mine ('86 Bristol 35.5) through a local Craigslist add from an older gentleman ten minutes away. No broker. Time from original inquiry through survey to closing - two weeks. I consider myself extremely lucky. It's brutal out there. Just keep looking through all sources especially beyond Yachtworld and the other broker listing sites. Good luck.  

Greetings from Vancouver Island. I've been working on finding a Beneteau to replace the 321 I sold a couple of years ago. Who knew keeping it for 20ish months probably would have made me a few more coins. We're all over boats.com, FB groups, Craigs list, and YW. Sellers market indeed. A brand new 381 fresh from France is a 2022 delivery. The adventure continues!  

I just went to buy a new dinghy and the one I wanted was sold out. Each vendor I called, including Defender (who may be the largest dinghy distributor) not only said they were out of current inventory, but all their forward orders through 2022 were already purchased too. Nuts.  

Buy a Highfield dinghy with a large 40hp outboard, you’ll be be very pleased.  

Izzy said: Buy a Highfield dinghy with a large 40hp outboard, you'll be be very pleased. Click to expand...

We have a Highfield 380 console model paired with a Mercury 40hp two stroke. It planes easily with four over-weight adults and all their stuff. Will probably hit 40mph, but we tend to putt around.  

If you do not mind some trucking charges.... there are some excellent unsold sailboats in my area. The selling frenzy, while very real, may be somewhat dependent on geography. (I am in Portland, OR, on the Columbia River) Matter of fact, a friend just put his above average Ericson 33 on the market, at the club bulletin board, yesterday. It will be interesting to see if he gets any bites. He bought a much larger sailboat.)  

A friend's boat has been on Yacht World for about a month now. Not a single bite. It's a ready to go 52 Irwin centerboard ketch with a beautiful interior. All amenities including water maker, washer/dryer, ice maker, even a bath tub. ...yet not a single inquiry. Located in south Florida. Being sold by a recent widow.  

I was there in the early 90's, turning a database we used into the YW brokerage DB. We tested it and as an IT pro, I put many dealers on it as the go to place to shop boats. Today, it has been sold over and again, there is really not much left of the original company or spirit. In my opninion, using boats for sale dot com is a much better place to shop or sell. No useless ads and just a great place to see what's out there. Check them out online  

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    Yachtworld is a listing service for boat brokers much like the multiple listing services for real estate. The Brokers side of Yachtworld has important information about boat sales, like asking price and actual selling price and how long the boat sat on the market. The standard commission for a broker is 10%.

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  19. What happened to YachtWorld and has anything replaced it?

    Yep. For what my boat partner and I were looking for (36', older ('80s), Sabre, Bristol, etc. under $50k) even the boats listed through brokers on Yachtworld after initial inquiry sometimes got me no response or after initial inquiries asking for some specifics as to condition (for boats out of my geographical area) they wouldn't follow up after some initial questions.

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