Are you putting your house on the market? Once you sell it, will you have a place to keep your boat? Many people don’t, and that’s why they sell their boat with the house. If you’re in this situation, you may need a few tips on how to proceed. Here’s a guide on how to prepare your boat with your home.
Learn What Your Boat Is Worth
Image via Flickr by sashanabs
A real estate agent will offer advice on the value of your home. When you add your boat to the transaction, make sure you know its true value. Otherwise, you run the risk of selling your prized vessel for a fraction of its worth.
Sites like Boat Crazy estimate boat values. Remember that these are only estimates, though. Other factors will impact the selling price. Assess the overall condition of your boat and compare it to pricing in the local market. Even though you have a waterfront home, buyers may not have the same enthusiasm for sailing. You’ll have to use your best judgment when deciding the worth of the boat in the transaction.
When you meet with home shoppers, let them know why you’re selling the boat. Tell them what you believe the boat is worth. An accurate valuation is the best way to make sure you get the most money when selling your boat with your home.
Safety Check and Clean-Up
How often do you use your boat? If you use it a lot, it’s likely dirty and worn. You may need to paint, replace furniture, or try to remove stains. Conversely, if you haven’t used the boat for a while, you’ll need to clean out the cobwebs, figuratively and literally.
Walk through your boat and write down any areas of concern. A buyer won’t expect an old boat to look brand new, but a filthy one will create some doubt. Your boat should work as an added incentive to a home buyer and not a reason to walk away from the deal.
You should also do basic maintenance before listing the boat. A potential buyer may want to take the ship out for a spin. You’d feel embarrassed if something went wrong during this trial run. To avoid such humiliation, use a boat maintenance checklist to ensure you cover the important steps. You’ll feel better, and buyers will thank you for the time and minimal expense you put into keeping the boat operational.
Take Quality Photos
Your real estate agent will hire a professional photographer to take pictures of your home. Great images are oftentimes the difference between limited interest in a house and huge demand for it.
The same is true of your boat. If you have high-quality pictures that sell the boating lifestyle, a buyer will feel driven to close the deal. For this reason, you should hire someone to come to your boat and take pictures. You’ll get a similar reaction.
Selling your boat with your home is usually a good idea. Simply follow the suggestions above to guarantee you get a fair payout in the process.