Involving a 2nd broker

[searsb]

I have found a boat that I would like to make an offer on. I found the boat on yachtworld and made an appointment to look at the boat with the listing broker. First and only contact with him, He gave me a price significantly less than asking, but as I told him at the time the boat seemed to be overpriced and he agreed and stated there was still room. My question is I really don't know what is a good price on this sport yacht in this buyers market. Should I get another broker to negotiate for ME or just make a low ball offer and work it out, with only one person splitting the commission. I have gotten a pricing range from Boat US and checked NADA value but big range. And yes, I will have my own surveyor and engine tech to evaluate the boat either way.
Let me also add this, the listing broker is a respectable guy with a dealer that has a decent reputation.

 

[fwebster]

Unfortunately, you have already contacted and initiated contact with this broker, so you are stuck with him. There is no MLS system in the used boat market. When a buyer's agent is involved, he must call the listing broker to get permission to show the boat then they have to reach an agreement on the commission split before the buyer's broker will proceed. Without that agreement he won't get any commission, so he will be working for nothing and that certainly will lead to an unsuccessful attempt to buy the boat.

Just to be sure you know how this works, the broker you called is only an agent for the seller. The seller sets the price and only the seller can lower it, so anything the broker says about a lower price than the boat is listed for is just bait to entice you. But, the broker is your "microphone" in dealing with the seller. If this is the boat you want, go look at it in person, and if you want to buy it, step up to the plate and make an offer to the broker for the price you are willing to pay for the boat then hand the broker a check for 10% of the offer.......and shut up. At that point, the deal is in the broker's hands to either make your offer work or fail trying.

Good luck with it............

 

[searsb]

Thanks for the response to my question. That makes sense, I obviously didn't understand how that worked. i guess the next time I open my mouth I better be prepared