Marine Surveyor from the Bahamas Tells All

Do not buy a yacht before asking this

Navigating the buyer journey from offer acceptance to closing involves several key steps. The yacht brokers of Current Yachts discuss the process of closing a yacht deal, including signing, deposit, survey, negotiation, and closing. Learn about the essential actions and questions to ask during a sea trial to assess the vessel, and the importance of following the surveyor during this process. We also discuss avenues for boat buyers and sellers who choose the FSBO route without a yacht broker. Resources & Links: 📞 Find marine contractors in the Current Yachts Marine Directory: https://youtube.currentyachts.com/directory [https://youtube.currentyachts.com/directory] 🎥 Everything you should know before signing a purchase and sale agreement for a yacht: https://youtu.be/EcQ_fHgt6ng [https://youtu.be/EcQ_fHgt6ng] ⏯️ Understand the requirement of foreign-built boats & CBP Form 7501: https://youtu.be/4OHvf2Cq7XY [https://youtu.be/4OHvf2Cq7XY] 🧮 Access the seller calculator & see the impact of co-brokerage: https://youtube.currentyachts.com/calculator [https://youtube.currentyachts.com/calculator] 🛥️ Hire Current Yachts to help you buy your next yacht: https://youtube.currentyachts.com/buy [https://youtube.currentyachts.com/buy] Key Topics ✔️ How to make the best of your yacht survey and trial run ✔️ Escrow deposits explained ✔️ Survey negotiation: spreadsheets, repair vs. price adjustment decisions, and real deal breakers ✔️ Broker's role in managing emotions and getting deals across the finish line ✔️ Out-of-state purchases: taxes, registration, affidavits of removal, and proof of exit ✔️ Pricing strategy leveraging listed vs. sold comps to price right, and sell fast ✔️ The true cost of overpricing: slip fees, insurance, and maintenance add up fast ✔️ Pre-listing preparation & guidance on co-brokerage ✔️ FSBOAT introduction: escrow, ID verification, scam safeguards, and AI-powered negotiation tools for private sellers 💭 WHO IS CURRENT YACHTS? We are a full service yacht brokerage company located in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist yacht sellers and buyers every step of the way. 🎥 Watch The Full Displacement Podcast where we share guidance with yacht sellers and buyers, and news from the yacht brokerage market: https://podcast.currentyachts.com/all [https://podcast.currentyachts.com/all] ⚓️ Discover the Current Yachts difference at https://currentyachts.com/ [https://currentyachts.com/] 🛥️ Browse our inventory: https://currentyachts.com/boats/ [https://currentyachts.com/boats/]

Does every sailor need a bluewater boat?

In this episode, Dick Beaumont, founder of Kraken Yachts, discusses the critical differences between modern production yachts and purpose-built blue water cruising boats. He emphasizes safety, design integrity, and the importance of understanding your sailing goals to choose the right vessel for offshore adventures. Contacts & Resources ⚓️ Discover the Kraken Yachts Difference: https://krakenyachts.com/ [https://krakenyachts.com/] Follow Kraken Yachts on YouTube: https://www.youtube.com/c/KrakenYachts [https://www.youtube.com/c/KrakenYachts] 📲 Choose Current Yachts to represent your interests when buying a yacht: https://youtube.currentyachts.com/buy [https://youtube.currentyachts.com/buy] 📞 Access our Marine Directory: https://youtube.currentyachts.com/directory [https://youtube.currentyachts.com/directory] What we cover: ✔️ Differences between modern production yachts and purpose-built blue water boats ✔️ Critical safety features for offshore sailing ✔️ Design principles for safe ocean cruising ✔️ How to evaluate a yacht's suitability for long-distance offshore passages 🎥 Watch The Full Displacement Podcast where we share guidance with yacht sellers and buyers, and news from the yacht brokerage market: https://podcast.currentyachts.com/all [https://podcast.currentyachts.com/all] 💭 WHO IS CURRENT YACHTS? We are a full service yacht brokerage company located in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist yacht sellers and buyers every step of the way. We are revolutionizing yacht sales by offering a transparent, service-based pricing model that puts yacht buyers and sellers first. How? 1️⃣ Our flat-rate selling expense replaces inflated yacht brokerage commissions. And the buyer-side commission (called co-brokerage) only gets paid if a co-broker is present. 2️⃣ Our buyer-broker representation agreement means our yacht buyers receive the unbiased guidance they need to protect their interests. 3️⃣ Our modern platform streamlines the listing intake process including an listing agreement you can generate and signed digitally within minutes. Our platform ensures real-time communication with a dedicated team and provides analytics for all parties. 🏁 The result? More transparent yacht sales, and faster, more efficient transactions. We've set out to build a genuine community that offers exclusive insights and resources, empowering yacht owners and buyers alike. ⚓️ Discover the Current Yachts difference at https://currentyachts.com/ [https://currentyachts.com/] 🛥️ Browse our inventory: https://currentyachts.com/boats/ [https://currentyachts.com/boats/] Follow Current Yachts: Facebook: https://www.facebook.com/currentyachts [https://www.facebook.com/currentyachts] Instagram: https://www.instagram.com/currentyachts/ [https://www.instagram.com/currentyachts/] Linkedin: https://www.linkedin.com/company/currentyachts/ [https://www.linkedin.com/company/currentyachts/]

Marine Surveyor from the Bahamas Tells All

Our conversation with marine surveyor Edvardo Humes covers a range of topics related to boat ownership and maintenance, including the cost of ownership, engine maintenance, and the importance of preventative maintenance. Edvardo shares insights on the impact of saltwater conditions and the cost of boat maintenance. We also cover the costs of engine overhaul and replacement, as well as the importance of regular maintenance for boat engines. We touch on engine surveys when evaluating a boat prior to purchase, the simplicity of outboard engine maintenance, the impact of brand reputation and maintenance on vessel quality, the process of pre-purchase surveys, and the role of surveyors in providing unbiased assessments and mediating between buyers and sellers during survey inspections. Contacts and Resources Contact Edvardo: https://currentyachts.com/resources/directory/archipelago-marine-solutions [https://currentyachts.com/resources/directory/archipelago-marine-solutions] Download our boat buying checklist and budget at: https://youtube.currentyachts.com/downloads [https://youtube.currentyachts.com/downloads] 📺 Watch: Boat building standards decoded - ABYC vs CE: https://youtu.be/_hLL5lTgrRI [https://youtu.be/_hLL5lTgrRI] 🎧 Tune in to the episode with Infolink: Stats of the US boat market: ⚓️ Work with Current Yachts to buy a yacht: https://youtube.currentyachts.com/buy [https://youtube.currentyachts.com/buy] 💻 Browse our yacht listings & more: https://podcast.currentyachts.com/boats [https://podcast.currentyachts.com/boats] Key Takeaways 💰 Boat ownership costs can be higher than expected, well above the "10%" rule in the Caribbean 📋 The cost of a marine survey is well worth the investment compared to the purchase price of a boat ⚙️ Preventative maintenance in boat engines is of vital importance 💭 WHO IS CURRENT YACHTS? We are a full service yacht brokerage company located in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist yacht sellers and buyers every step of the way. 🎥 Watch The Full Displacement Podcast where we share guidance with yacht sellers and buyers, and news from the yacht brokerage market: https://podcast.currentyachts.com/all [https://podcast.currentyachts.com/all] We are revolutionizing yacht sales by offering a transparent, service-based pricing model that puts yacht buyers and sellers first. How? 1️⃣ Our flat-rate selling expense replaces inflated yacht brokerage commissions. And the buyer-side commission (called co-brokerage) only gets paid if a co-broker is present. 2️⃣ Our buyer-broker representation agreement means our yacht buyers receive the unbiased guidance they need to protect their interests. 3️⃣ Our modern platform streamlines the listing intake process including an listing agreement you can generate and signed digitally within minutes. Our platform ensures real-time communication with a dedicated team and provides analytics for all parties. 🏁 The result? More transparent yacht sales, and faster, more efficient transactions. ⚓️ Discover the Current Yachts difference at https://currentyachts.com/ [https://currentyachts.com/] 🛥️ Browse our inventory: https://currentyachts.com/boats/ [https://currentyachts.com/boats/]

The Reality of Being Owner-Operators on a Leopard 48

Discover the inspiring journey of Mark and Sharon, who transitioned from land-based careers to becoming owner-operators living full-time on their sailboat, Calypso. This episode delves into their sailing experiences, business ventures, and unique approach to teaching others to sail in exotic locations. Contacts & Resources 📲 Connect with Mark and Sharon from Calypso Sailing Life: https://currentyachts.com/resources/d [https://currentyachts.com/resources/d]... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbjU2RXU0Ty1BUWRiQ3lPZm1tOFd6SHRaQnVFd3xBQ3Jtc0trVURtc2xPYTBQdk96OEZsR0I0ZkZWcGpoNDY2el93dG8yN3JOLW5zdWh6cTNvSVN4c21sc2EyaG9IYXZ3LWlsNVAxalBCZjdXdnVrZ2NqQlhsY2V1Vk85RDd0dlZ5NVI0c0JnMG1yaFY2UHZNWGJfZw&q=https%3A%2F%2Fcurrentyachts.com%2Fresources%2Fdirectory%2Fcalypso-sailing-life&v=lxFOTE_D4dU] 🗾 Follow Sailing Vessel Calypso: https://www.calypsosailing.life/whatw [https://www.calypsosailing.life/whatw]... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbXZhOGNmUV9sX2tEME9RcWl3N0JWSkFzT055QXxBQ3Jtc0trQmpzLWRjQ1lzbk0wQ2RrVTFJRGhFZThCa3FqQ3QtSzRSMHE2aVp2ZXpVS3FOelZLWkhua1dHV3BIb3FtZlItaVpCeHdkT3QzQUQ5YS05bUpCYnNzYnpRLXpna2RuaUZFY0JzV1BTSWs5SGhVdHlaSQ&q=https%3A%2F%2Fwww.calypsosailing.life%2Fwhatwhere-is-calypso%2Fpredictwind-tracking&v=lxFOTE_D4dU] 🛥️ Buy a Yacht with Current Yachts: https://youtube.currentyachts.com/buy [https://youtube.currentyachts.com/buy] ⬇️ Download our boat buyers spreadsheets & checklists In this episode: ⛵️ How Mark and Sharon started sailing and shifted to full-time life on Calypso ⚓️ Their process of buying and upgrading boats—from a Leopard 39 to a Leopard 48 🎣 The day-to-day life aboard a cruising catamaran, including routines and hobbies 🪢 Teaching sailing in various international locations and offering experiential programs 🗺️ Tips for aspiring sailors: trying before buying and navigating insurance requirements 🌴 Favorite spots in the Caribbean and what makes certain anchorages unforgettable 🐈‍⬛ Insights on handling pets, living aboard for years, and managing relationships at sea 📆 The flexibility of planning training courses around global locations and personal schedules 🎥 Watch The Full Displacement Podcast where we share guidance with yacht sellers and buyers, and news from the yacht brokerage market: https://podcast.currentyachts.com/all [https://podcast.currentyachts.com/all] 💭 WHO IS CURRENT YACHTS? We are a full service yacht brokerage company located in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist yacht sellers and buyers every step of the way. We are revolutionizing yacht sales by offering a transparent, service-based pricing model that puts yacht buyers and sellers first. ⚓️ Discover the Current Yachts difference at https://currentyachts.com/ [https://currentyachts.com/] 🛥️ Browse our inventory: https://currentyachts.com/boats/ [https://currentyachts.com/boats/]

The yacht lawyer will see you now

Join us in this episode of Full Displacement as we explore the intricacies of yacht sales agreements with seasoned yacht lawyer Chris Anderson from Robert Allen Law. Whether you're a buyer, seller, or industry professional, understanding the nuances of contracts like the IYBA PSA and MYBA MOA can make or break your transaction. Contact & Resources: ⚓️ Robert Allen Law, Maritime & Yachting Lawyers: https://currentyachts.com/resources/directory/robert-allen-law [https://currentyachts.com/resources/directory/robert-allen-law] ⬇️ Download the Current Yachts boat buying spreadsheets & checklists: https://youtube.currentyachts.com/downloads [https://youtube.currentyachts.com/downloads] 🔗 Download the IYBA PSA at: https://currentyachts.com/resources/podcast/the-yacht-lawyer-will-see-you-now [https://currentyachts.com/resources/podcast/the-yacht-lawyer-will-see-you-now] 🎥 Watch The Full Displacement Podcast from the start: https://podcast.currentyachts.com/all [https://podcast.currentyachts.com/all] Key Findings: 🔎 The fundamental differences between IYBA and MYBA purchase and sale agreements ⏰ Significance of "Time is of the essence" clause and its absence in IYBA 💰 Deposit deadlines, default rights, and remedies under both agreements ✍🏼 Acceptance and rejection procedures for vessels, including strategic uses 📋 Inventory, exclusions, and dealing with offsite storage and leased items 👩🏻‍⚖️ Jurisdiction, dispute resolution venues, and arbitration options ⚠️ The importance of clear disclosures, owner certifications, and minimizing disputes 🗺️ How regional preferences influence agreement choices in the industry ⚓️ Practical insights on risk management and buyer/seller protections 🧐 The impact of AI and software-generated documents on contract integrity 💭 WHO IS CURRENT YACHTS? We are a full service yacht brokerage company located in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist yacht sellers and buyers every step of the way. We are revolutionizing yacht sales by offering a transparent, service-based pricing model that puts yacht buyers and sellers first. How? 1️⃣ Our flat-rate selling expense replaces inflated yacht brokerage commissions. And the buyer-side commission (called co-brokerage) only gets paid if a co-broker is present. 2️⃣ Our buyer-broker representation agreement means our yacht buyers receive the unbiased guidance they need to protect their interests. 3️⃣ Our modern platform streamlines the listing intake process including an listing agreement you can generate and signed digitally within minutes. Our platform ensures real-time communication with a dedicated team and provides analytics for all parties. 🏁 The result? More transparent yacht sales, and faster, more efficient transactions. We've set out to build a genuine community that offers exclusive insights and resources, empowering yacht owners and buyers alike. ⚓️ Discover the Current Yachts difference at https://currentyachts.com/ [https://currentyachts.com/] 🛥️ Browse our inventory: https://currentyachts.com/boats/ [https://currentyachts.com/boats/]