There is an unmatchable freedom, privacy, comfort, and fulfillment to the world of superyachts and megayachts. Many successful entrepreneurs, investors, and superyacht owners view the ownership of a yacht as a symbol of personal success, not just as a means to a luxurious lifestyle. They use yachts more for the memories and experiences they create rather than the privilege itself.
You might be looking forward to a family boat for fun and adventure, a motor yacht for a pleasant stay in the Mediterranean, or a boat for long-journey exploration. Whatever your dream, the actual yacht-buying process may not be as simple and transparent as you imagine it to be.
Globally, thousands of yachts are up for sale and every yacht is unique in terms of quality, design, technical condition, maintenance record and value. This is where the value of Superyachts Europe and the YES methodology (the Yachts Europe System) comes into play.
2. Challenges of Buying a Superyacht
Prior to the acquisition, many buyers think they have very clear requirements.
But, in fact, experience shows that as people spend time searching, they often realize that their priorities have changed and thus a different yacht meets their criteria much better. A family with small children might not need a luxurious yacht but maybe a classic explorer yacht better suited to their lifestyle. Another buyer may initially focus on the yacht’s size but, through the process, realize that its overall design, fuel consumption, crew accommodation, and operation cost are a lot more critical factors.
The world of superyachts is an opportunity of a lifetime for many people, while it also presents many difficulties. A yacht intended for a holiday between islands in the Med might not have a proper engine configuration to cross the Atlantic ocean. A beautiful interior of a yacht could be accompanied by quite significant, necessary technical upgrades. A big yacht is going to offer comfort, but for smaller harbors, it could be a problem for mooring the yacht.
The Need for a Professional Advisor
Moving further from the buyer’s search, the most critical decision in getting a yacht done is the choice of the right advisor.
The difference in the role of the sales and the buyers’ brokers can be a game-changer. The sales broker is only responsible for making a sales presentation for the yacht, whereas a buyer’s broker is a one-party person working for the buyer to find a suitable offer from the international marketplace.
In such a case, the buyer’s brokerrather than marketing a particular yacht already in a shop inventory, is more focused on finding the ideal ship that matches the client’s lifestyle, cruising plans, budget, and future requirements.
The main advantage of the role as a buyer’s broker offered by Superyachts Europe is not just the freedom to consider all kinds of yachts, but it also means that they advise the final decision to choose the one that suits the buyer best in the right context and price.
New-Build or Pre-Owned?
This is the most often-raised issue by buyers considering getting a yacht: a new build or a pre-owned one?
4.1 New-Build Superyachts
A new-build project is the only option that allows a lot of freedom on customization. A buyer can have his own say in the exterior design, interiors, layout of the accommodation, technical systems, entertainment, and operational capabilities of the yacht.
Newly built projects are the perfect solution for an owner looking for a fully customized yacht; however, the biggest challenge with a new build is the long construction periods ranging from 4 to 6 years depending on the shipyard, size and the complexity of the customizations chosen.
Superyachts under construction are semi-custom yachts built on speculation and give you the opportunity to acquire a yacht in a short period of time. The interior design mostly can be adapted to your personal wishes. Delivery as from present till 1 or 2 years.
Architects and shipyards develop Green yachts that are ready for the next generation. Clean hybrid or pure electricity propulsion, sharp hull lines, lighter materials (more glass), increased electricity consumption rather than generator use, lead to a reduction in CO2 emissions and our commitment to sustaining ocean health.
4.2 Pre-Owned Superyachts
Besides the immediate satisfaction of getting into the superyachting lifestyle, a well-maintained pre-owned yacht is a great deal and it’s very likely that these boats were already upgraded, refitted and ready to sail!
In practice, the biggest difficulty remains the ability to distinguish the boats that have been very well-maintained from the ones that may need substantial work done in the future.
Bob Schuttethe company founder who has decennia of boating knowledge and seafaring experience, is the core of their business philosophy.
- The YES, Yacht Europe System
Prior to making any final purchase of a superyacht related to a new build or second-hand, it is advisable to work with a reputable company like Superyachts Europe, which has developed the Yacht Europe System (YES) methodology that is a well-documented process for supporting their clients in making well-informed decisions.
Defining phase
- All great things begin with clarifying the user’s goals.
- Superyachts Europe will ask you a series of key questions:
- Private or charter usage?
- Close to the shore or transatlantic voyages?
- Family time, hosting friends or business men?
- Seasonal operation or year-round use?
- Long-term ownership or resale?
From these questions the image of the buyer’s perfect yacht is shaped in detail.
Scouting phase
The phase after establishing the buyer’s requirements involves broad research of the market. At Superyachts Europe the number of yachts, superyachts, and megayachts is analyzed by implementing various search criteria developed over time. The shipbuilders’ reputations, yacht designers’ work quality, the yacht’s technical condition, running costs, and overall value (at present and after 5 years) are some of these important factors.
Picking out stage
The result of the search gives a few suitable vessels to select from.
Purchase suitability is evaluated by studying the layout, interior, systems, etc. Also, the yacht’s maintenance records and whether it will be able to support the client’s lifestyle are important matters to consider as well.
Buying & testing phase
Once it is clear who has the yacht the buyer wants, the actual negotiations take place to buy the yacht on the best terms available with the most competitive price. Legal documents, Yacht Europe System Registration, financial and fiscal aspects are the major components of contract reviews during this stage a series of extensive surveys and sea trials are conducted to uncover the yacht’s hidden defects and make sure no major works are needed before transferring the ownership.
The Superyacht Lifestyle
Sailing the superyacht world is more than just yacht ownership.
Many buyers consider an owner’s yacht like another private home that offers flexibility, a sense of security, and total independence. Yacht can be the place where owners take part in Yacht events such as the Monaco Yacht Show or visit secluded islands, gather together and spend quality family time, or even go to the most exquisite destinations in the world, and yet a yacht is an incredible vessel for creating memories that most other assets won’t ever offer.
Exactly because of the freedom, exclusivity, and adventures that accompany the superyacht way of life, people love using phrases like “superyacht lifestyle,” “yacht life,” “yachting lifestyle,” “luxury travel,” “luxury life,” “best life,” and “pure luxury” that are now very popular in maritime circles.
Conclusion
One decision is the purchase of the very best yacht. Either it will be the design of a new build or the choosing of a well-preserved pre-owned vessel; Such a decision will certainly need the involvement of a seasoned professional if the owner really wants to end up with the perfect yacht. The buying and selling yacht market at the international scale is a goldmine of possibilities, but in order to realize these opportunities, one will definitely need the competence, planning and objective assessment of a skilled professional. Superyachts Europe, as an independent Buyers Broker, with its proven YES method Yacht Europe System, enables prospective Buyers to get a full grip on the superyacht world, the world of luxury yachts and yachting, with a full set of confidence factors.
