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Universal Yacht Sales

PATH: Boat Marketing »  Dealers & Brokers »  USA  » FL  »

Universal Yacht Sales 290 SE Cardinal Way Stuart, FL 34996, USA` Toll Free: 1-866-227-9884 Telephone: (772) 285-3381 Fax Line: (772) 288-5119 Email: Website Contact#WS Website@YW ContactForm@YW

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FROM Huey:  " I agree with my Uncle, I too have found the articles to be very enlightening. They say that it will take about 100,000 articles to cover the full scope that they have envisioned for the website. They have over 20,000 articles so far and that's doing pretty well, but it could take several years to get the rest. I also noticed that many of the Main Topic Pages and some of the article pages are still in the rough draft stage. I guess that they will fill in as they can get volunteers to work on them. But what I can't figure out is why anyone would spend the time writing informative in depth articles just to give away free to this website for publication? What's in it for them? "

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FROM Scrooge: " You rave about this website like it was the best thing since sliced bread. Well, I think it stinks. Sure, it has a lot of good information for boaters, and they're adding more every day, but it will probably never be finished. Furthermore, I don't even own a boat. And I wouldn't have a boat even if someone gave me one. Boats are a waste of money and time and energy and money! They're just a hole in the water you pour money into. If you gave me a boat, I'd sell it quicker then you could say Baggywrinkle. Then I'd lock up the cash with all my other money so I could keep my eye on it and count it every day. Bah humbug. "

FROM Daisy:  " I'm just so glad that Donald got the boat so we and the boys could enjoy boating — together. And of course all of the girls, April, May, and June, love to be on the water too, especially when that is where the boys are. Oh poor Scrooge, boating is more fun then you could possibly imagine. "

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Universal Yachting

About our office in Hamble United Kingdom

Universal Yachting was formed in 2007 and was appointed as the UK’s South Coast agent for Dufour Yachts in September 2015. Based in the Solent, Universal provides a complete service for newcomers to yachting, all the way through to cruising ownership and preparing for long distance blue water adventures.

Universal’s Sailing School delivers bespoke sailing tuition and a full range of RYA courses and qualifications. Plus they offer complete guidance and advise on purchasing options for new owners, together with charter and maintenance packages, making owning a yacht and maximising cruising time an easy proposition.

Owner Chris Warwick and his Universal team are passionate about providing all yachts for both charter and training with a very high standard of maintenance and cleanliness, together with using only the best professionally trained yacht skippers.

With detailed and technical expertise and understanding of boats, developed from many years first hand experience running owner care programmes, together with a history of working in the charter industry, Universal takes pride in providing a professional and personal service to all boat owners, charterers and course candidates.

The team’s thirst for sailing, passion and ethos is to find ways to make sailing accessible and fun for all, regardless of experience levels. The sheltered waters of the Solent are one of the best sailing locations in the world to experience sailing at its best, learn to sail from scratch or improve sailing skills.

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It's Yacht Selling Season. What Should You Expect?

By Robert Bowman | Posted On May 18, 2023 Updated On Dec 12, 2023

The end of Spring and beginning of Summer always seems to be a busy time for yacht brokers in the industry. If you're in the northern states, the weather is beginning to warm and everyone who didn't travel south for the winter is itching to get back out in the sun. The "boating gene" kicks in and you're now more motivated to get into a boat, or maybe into a bigger one. Regardless of where you live, summertime is all about fishing, cruising, anchoring up, and getting salty!

So what should you expect to find right now when buying a yacht? Or selling one? As consumer confidence fluctuates and interest rates continue to climb, the yacht market has certainly been affected, but by how much? What does that mean for how long your boat will stay on the market or its final sales price?

"The yacht market has been exceptionally strong for some and difficult for others depending upon what you're in the market to buy," says Jeff Palmer , President of United Yacht Sales. "There's no question that overall used yachts are staying on the market now a little longer, we're seeing more price reductions than we were a year ago, and some buyers that were relying on financing are now finding it tough to get done with interest rates. Insurance has also played a factor, particularly in Florida where Hurricane Ian caused a lot of damage and some people aren't able to get a policy."

"But we are still seeing decent sales," he continued. "We just closed on a 2018 Ocean Alexander 85' this week along with three nice Viking Yachts , a Hatteras 45X, a Grand Banks 55, a 75' Hatteras Motor Yacht, and a lot of others to mention."

To put this into perspective, we looked to the sold boat data for April and May, in the U.S., for boats over 40-feet and $500,000 in asking price.

• April 2023 was down 49% in yachts sold compared to April 2022 across the industry.
• May 2023 sales are up slightly, but lower in sold price and higher in days on market.
• The average amount of days on the market is up nearly 10% in May
• The average sold price in April 2023 dropped 5% compared to 2022, but dropped again 16% in May 2023

(Below: "RISING TIDE III" is a 2018 Ocean Alexander 85 that went under contract with United Yacht Sales in less than 30 days.)

ADVICE FOR BUYING A YACHT IN THIS MARKET

If you're buying a yacht this season, you will have the option of more inventory. For example, United Yacht Sales has twice as many yachts over 50-feet right now, than we did at the beginning of June last year. You may be able to negotiate a better deal than you did a year ago, but don't wait if you find a decent yacht that fits your criteria. Late model, popular boats that have a good service history and are priced right are still going under contract quickly.

"The best advice I can offer to my clients that are interested in purchasing a yacht right now is to be patient, but also be ready to pull the trigger at a moment's notice," says Scott White , Managing Yacht Broker for the UYS New Jersey Division. "Prices are falling every week so something new may come into their price range. It's a good time to hold out for what you want, but also you need to be ready."

ADVICE FOR SELLING A YACHT IN THIS MARKET

"The biggest hurdle to getting a yacht sold in this market is the owner's perception that their yacht is worth more than it is," continued Jeff. "In 2021 and 2022, boat sales were going crazy, prices were up, and we saw a lot of boats going under contract the day it went on the market. It's not that way anymore. It's still a decent market to sell your boat, but it's far more similar to how things were in 2018 and 2019."

Jeff has a few pointers for those looking to sell:

• Interview multiple brokers. Ask them for a full plan and presentation on how they are going to sell your boat.
• If you are serious about selling your yacht in 90 days or less, listen to your yacht broker about what to price it at and when to reduce.
• Compile and organize all service records since you've owned the boat.
• Do a pre-market survey and fix any major items on it before it goes up for sale.
• Move your boat, if possible, to a popular area that's easy to get to. If your boat is difficult to get to, it will take longer to sell.
• Good professional photography and video are essential. Plan to make your boat available to your broker's photographer.

(Below: The Hatteras 75 recently sold by United Yacht Sales. Good photography and video are a must!)

United Yacht Sales has the world's largest network of boat buyers and sellers in the industry, thanks to our team of over 250 yacht brokers in 104 different locations. Whether buying a luxury boat or selling one, we have the right expert on staff to assist you in navigating the brokerage market for your type of yacht. If you're looking at selling a boat, there is no quicker way to get activity than listing it with United. Our entire team is immediately notified every time a listing agreement is made with United Yacht Sales and many boats are sold before they ever even make it online. Our support team is among the best in the industry at marketing your yacht. 100% of our marketing budget goes towards advertising our clients' listings, a claim not many other firms can make. To get started listing your yacht, fill out our online form What's My Yacht Worth ?

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• How Much Does It Cost To Own A Yacht?

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