The ultimate guide to
buying a boat

How to find a trustworthy, reputable broker

Your broker will play a crucial role in your boat buying journey and can help ensure it is a success. When looking for a broker it is helpful to have someone with extensive experience. This experience allows them to have deep knowledge of different types of boats, the buying process, and the market. They can guide buyers towards suitable alternatives and provide valuable insights that go beyond what a buyer might find online.

It is also advisable to choose a broker who is a member of an association such as ABYA (Association of Brokers and Yacht Agents), IYBA (International Yacht Brokers Association) or BRBA (Boat Retailers and Brokers Association). This will give you the reassurance of knowing that your broker adheres to a strict code of conduct and professional standards. They will also have professionally drafted contracts that protect both buyers and sellers. These contracts cover all essential aspects of the transaction, minimising risks and ensuring that all parties are clear on the terms of the sale. When it comes to holding the funds for the sale, they will have access to “Client Accounts”, which are segregated accounts that brokers use specifically to hold client funds. This keeps the buyer’s money separate from the broker’s own operational funds, ensuring that the money is protected and only used for the intended transaction.

How to choose a surveyor

When choosing a marine surveyor, it’s essential to look for someone who is not only qualified but also a good fit for your specific needs. Start by looking for surveyors who are members of recognised professional bodies, such as the Yacht Designers and Surveyors Association (YDSA) or the International Institute of Marine Surveying (IIMS). Membership in these organisations indicates that the surveyor adheres to strict industry standards, carries professional indemnity insurance, and is committed to continuous professional development.

Beyond credentials, it’s also important to consider the surveyor’s specific experience with the type of boat you are purchasing. A surveyor with extensive experience in leisure yachts, for instance, may be more familiar with common issues and the nuances of these boats. It’s also beneficial to ask for a sample survey report to gauge their thoroughness and clarity. Finally, ensure the surveyor is approachable and willing to communicate openly with you before, during, and after the survey. This will help you better understand the condition of the boat and make informed decisions during the buying process.

Getting the most from your boat

Unless you are a seasoned sailor, the prospect of taking your new purchase out of the marina (or wherever it is moored) may be daunting. Having an RYA instructor accompany you on your new boat offers invaluable benefits that can significantly enhance your confidence and enjoyment on the water. An experienced RYA instructor can help you quickly familiarise yourself with the unique handling characteristics of your new boat, whether it’s a narrowboat, yacht or motorboat. They can provide personalised guidance on everything from sail trim and manoeuvring in tight spaces to understanding your boat’s engines, navigation systems and safety equipment. This hands-on instruction ensures that you are not only comfortable with your new boat but also that you develop good habits and techniques from the outset. Moreover, having an instructor on board allows you to ask questions and address any concerns in real-time, making the transition to your new boat smooth and stress-free.