How to determine when it's time to sell your sailboat or yacht

Introduction

Whether you’ve owned your sailboat or yacht for years or just a few months, there may come a time when it’s no longer practical, economically feasible, or even physically possible to own one. If this happens to be true for you and your boat, you’ll want to know whether it’s time to sell it. To help determine that answer, we’ve identified three signs that indicate when selling might be in your best interest:

You’re no longer able to store it safely

If you’ve got a sailboat or yacht that’s sitting in storage, you may be tempted to think that it could last forever. That’s what I thought when I bought my first boat.

However, I discovered that no matter how much care and maintenance you give your boat, there are always going to be factors out of your control that can affect its condition and make it unsafe to use. For example:

The weather conditions where you store your boat will deteriorate its materials over time. If the sun is beating down on your fiberglass hull for years on end without any protection from UV rays or moisture buildup (i.e., rain), then it won’t look as shiny as the day you bought it anymore—and if something else happens during this period (such as an accident), then these damaged areas will never repair themselves because they’ve already been weakened by exposure!
If water has gotten into any part of the hull or decking material from rainstorms or flooding events nearby…this can cause some serious damage within weeks since saltwater is corrosive even at low concentrations (it’ll eat away at anything). So not only do those poor sailors have their homes destroyed but also their boats too; unless they have insurance policies covering natural disasters like this one did too much damage both at once just so happen not worth fixing either one back up again.”

The boat is gathering dust more than water

The first sign is that you’re not using the yacht as much as you should. If it’s just sitting in your backyard, collecting dust instead of water, then it might be time to think about selling. This can also be an indication that you have too many boats and are more attached to one than the others.

If you aren’t maintaining your boat anymore, then how can you expect to keep using it? And if you don’t use it enough—or at all—then why would anyone else want to buy it?

The key here is balance: if there’s a lot of work involved with keeping up with a sailboat or yacht, then maybe it’s time for both parties (you and the boat) to move on so they can find someone who will take them sailing more often than once every few years.

You’ve upgraded and need to make room

You’ve upgraded and need to make room:

One of the most common reasons people sell a sailboat or yacht is because they’ve upgraded. Maybe you have a small boat in mind, but your current vessel is too big for what you want. Or maybe you’re looking for a more luxurious experience than what your current boat can offer. Either way, selling it will give you the opportunity to move up in size or class without having to pay for another vessel upfront.

If this sounds like something that might apply to you, there are some things that can help maximize the value of your old vessel so that buying something new won’t break the bank (or cramp your style).

If you follow these three simple signs, you’ll know when it’s time to sell.

You can’t store it safely
The boat is gathering dust more than water
You’ve upgraded and need to make room

Conclusion

If you’re thinking about selling your boat, don’t be afraid to do so. There are plenty of people out there who love buying used boats and will give you a good price. The key is knowing when it’s time to sell so that you never get stuck with an unused vessel that no one wants.