The Guide to Finding the Best Broker to Sell Your Marina

You need to find a broker for selling your Marina otherwise it could be a difficult job for you to do. It takes up a daunting schedule when you decide to do it your own way instead of hiring a broker. On the other hand, you will need the help of a knowledgeable broker who reduces the hassle coming on the way and enables you with accurate information regarding a sale transaction. Before you prepare yourself for the marina sale, you need a broker who can maximize its value and should completely understand your interests.

In order to find the best broker, conduct an interview session with the broker where you can clear your doubts or ask queries. Here’s what you can do or should do:

1. Check track records of the broker – Quite a few people make distinguished claims about their track record in the marina industry, but prove damp squib. Do some digging for information pertaining to their career in the industry, the companies they have worked with, expertise over matters of financial aspects, etc. Ask for references of the customers with whom they have already dealt with. You can speak to those customers about their personal experiences with the broker.

2. Learn about the firm – Is it a one man show or they’ve a backing of a firm? It matters a lot when you are going up with marina sale as they are the ones who can magnify its value. Having a strong brokerage team by your side will help in creating a large market for the marina and give you enough opportunities to finalize a deal. You must pose questions about their plan to execute the sale and how they can utilize their best resources for you.

1. Ask the marketing plan – How are they going to market your marina? Is it through the internet or they actually have a plan of marketing via calls or personal meetings with clients? You must ask about the marketing process or some specifics regarding that. Real examples would be better for you to understand and they can provide if you ask.
2. Pricing strategy – Many of the brokers do not give an account of their pricing strategy as they place a big, impressive figure on the paper. That’s not what you want. That’s not how you’re going to get a deal. They should have a pricing method, considering the competitive sales, adjustment in the financial, etc. If you don’t find a satisfying answer from them, then how would let them go with that big figure to the clients.
3. Verify credibility – Once you hire a broker, you need a good sync with them to proceed with marina sale or else the results would be terrible. Do you find them trustworthy? Do you like them? Do you find them credible? Such questions should ring in your mind when you seek a broker. Hopefully, if you find a broker with whom you feel comfortable and confident, the sale transaction will be a great one.

Mike Wilson has written various articles about Leisure Properties Group which employs the marina experts to help you with the sale of purchase of marinas.