The normal process for selling your yacht starts with setting a price with your broker who will market your yacht on the standard yachting MLS systems.
You may need to pay to show your yacht in a boat show, or show it at her home port or at a local shipyard and, eventually, accept the highest offer.
This process can take days or years depending on the price you set for the yacht, the demand and the maintenance level. While it is for sale, if you want to sell quickly you are unable to use your yacht because your broker will be maximizing exposure. Continuing to use your yacht may drag out the sales process if she is not easily accessible to show.
Whether your yacht isn’t getting enough use or the upkeep is becoming too expensive, there is still a way to enjoy your yacht by simply selling a share.
How is the process of selling a share of a yacht different from selling my whole yacht?
You will sit down with the AvYachts team and determine what the fair price will be for selling a share of your yacht. We will sell it at a set price then help you develop an operating agreement and ownership agreement. In these contracts, we will help you define exactly how you want your yacht partnership to work, touching on the following:
- Destination Plan
- Years of ownership
- Detailed operating budget
- Capital improvement budget
- Crewing decisions
- Yacht usage guidelines
- Yacht rules
- Number of weeks available per share
- Turnaround time required between trips
- Splitting up holidays
When price and ownership and operating agreements all seem fair and marketable, we move on to selling your share. AvYachts will market to their database of interested shared owners (If you’re interested in joining the list, click here.) who can view your yacht, its price and ownership and operating agreements. There will be private showings for interested parties.
Once a buyer wants to purchase, you will receive the funds for your yacht. Going forward, you will both share in the operating costs and continue to use the yacht on the agreed upon terms.
AvYachts is the expert in yacht share brokerage. Whether you’re looking to sell a share of your yacht to a like-minded partner, or you want to buy a share of a yacht, our dedicated team of yacht brokers and veteran matchmakers is here to guide you every step of the way. Let us match you with just the right yacht, just the right partners and just the right ownership structure for you. Yacht to the fullest without the full costs of ownership.