The YPI Process: Buying a Super Yacht
YPI experts are immersed daily in the global brokerage market. Our job is to take the guesswork out when purchasing a yacht so that you can focus on YPI’s tried-and-true, step-by-step process to buy a superyacht.
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Every yacht is different, and every yacht owner has different needs. At YPI, our goal is to match the ideal yacht to the individual owner. Our analysis process can include everything from in-depth conversations to guided tours of available yachts at boat shows. Our process is designed to be helpful whether you are a long time yacht owner looking for a new boat or a first-time buyer learning the basics of the industry.
PURCHASE A YACHT WITH YPI
After our experts have analysed your needs, we use our in-depth industry knowledge to compile a selection of yachts that fit your criteria. We then work with you to review the available options when buying a yacht. Many yachts are customised to their owners’ preferences, so our experts help you compare available options side-by-side. If this selection process reveals further criteria that you would like to add to your requirements, then we can provide additional selections for your consideration.
INSPECTING YOUR CHOICE
Our experts can arrange in-person, guided tours of the yachts that you prefer during the selection process. We travel worldwide and ensure not only that all of your questions are being answered, but also that every important question is being asked. In some cases, our charter department can also arrange charters of a few days to a few weeks aboard yachts that interest you.
SETTING YOUR PRICE
Our experts at YPI work daily to ensure that we know the true value of all yachts on the market. Once you select a yacht, we will help you make an offer that is reasonable and smart in terms of the asking price, past and current market trends, and futures indicators. The final price is determined by you, with our experts offering every possible aid to ensure that you receive excellent value for your yachting investment.
DRAFTING THE PURCHASE AGREEMENT
Once all parties agree to a price, our experts draft a Memorandum of Agreement. This is also known as a Sales and Purchase Agreement. As part of this agreement, we ensure that you are entitled to perform a sea trial and a condition survey. Our YPI team works regularly with leading captains and surveyors worldwide, and we can help you hire top-notch experts who regularly perform sea trials and surveys. If unforeseen problems with the yacht are detected, we re-open negotiations on your behalf to demand appropriate remedies such as repairs and financial concessions.
As soon as all of your expectations are satisfied, our team schedules a date for you to take delivery of your yacht. We finalise and review all contracts and paperwork, ensure that any remedies demanded during the survey process have been completed, and arrange for the yacht to be delivered to the port of your choice. We then leave you to relax and celebrate aboard your new yacht. We return to the YPI offices, where we remain available for anything you need as you enjoy your new cruising lifestyle.
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