Who helps me sell my share of the yacht
We work with all of the top Yacht brokers to guide you trough the process of listing and selling your yacht. Most yacht brokers charge a standard fee to sell the fraction of the boat. The fraction will be listed on our marketplace as well as other Yacht listing sites to get the biggest audience.
Should I buy a new or used Fractional yacht?
Its and age-old question. Some people think new and others think lightly used is the best. Many people don’t realize that buying a new boat can come with a lot of issues right out of the factory. Yes you have a warranty but you could have the dealership service department working on your boat every week for a year to get all the little issues fixed. We have found that a well maintained boat that is 3 to 7 years old can be a better option. Considering a new boat can lose half its value in the first 5-7 years it could be the best thing for your pocketbook as well. A used boat may cost more on annual expenses but remember your sharing these expenses with the other owners.
What size yacht should I buy?
The yacht brokers we work with can help you figure out what is best for you and your family’s needs. The size of the yacht you require is determined by your family size or how many guests you wish to entertain. We have fractional yachts ranging from 60’ which has three staterooms and 3 crew up and much larger yachts that have 20 crew members and 10+ staterooms. The larger the yacht the bigger the annual expense bill is. You must take it all into account when making that decision.
Who helps me sell my share of the yacht
We work with all of the top Yacht brokers to guide you trough the process of listing and selling your yacht. Most yacht brokers charge a standard fee to sell the fraction of the boat. The fraction will be listed on our marketplace as well as other Yacht listing sites to get the biggest audience.
Usage per share is based on the boat type you purchase – Local Daily use yachts or Weekly destination Yachts
- Local Yacht Program – These yachts are typically 50’ to 90′ and have a value of $1 to $5 million. These yachts normally have 3 to 4 cabins and 2 to 4 bathrooms. Locally area yachts for people to use for day trips, and or up to one-week trips. These boats will be managed by our company to assure the owners the boats will be kept in the best condition possible. They can be used as much as 40 weeks a year. Thus a 25% owner could use the boat for 10 weeks or up to 70 days a year. These boats can also be used as luxury floating vacation homes, so you can live on the boats while you’re using the boat. This way you don’t have to stay in a hotel or own a home to stay in when you are in the vicinity of the vessel. These yachts could be found in local markets like Miami and Fort Lauderdale, Chicago, The Hamptons or anywhere in between. These boats will be captained and crewed by full time staff.
- Destination Yachts – These yachts over 90′ long and have a value starting at over $5 million. These yachts normally have 4 cabins and or more and an equal amount of bathrooms and come with all the bells and whistles and water toys, including a full-time captain and crew and a chef. They are also managed by our company or by a third-party yacht management company. They can be used as much as 30 weeks a year. The rest of the time the boat is being serviced or down for crew rest or being relocated. Thus 7 weeks a year for a 25% owner. These yachts are normally taken out for one-week trips and are located in various locations around the world, including the Bahamas, Caribbean islands, the Mediterranean and other exotic places around the world. Many of these yachts have different summer and winter homeports
What size yacht should I buy?
- The yacht brokers we work with can help you figure out what is best for you and your family’s needs. The size of the yacht you require is determined by your family size or how many guests you wish to entertain. We have fractional yachts ranging from 60’ which has three staterooms and 3 crew up and much larger yachts that have 20 crew members and 10+ staterooms. The larger the yacht the bigger the annual expense bill is. You must take it all into account when making that decision.
What does it cost us to list one of our listings on your site?
Nothing, we don’t take any of the listing commission, we make our money on the buyers side.
Why should I list one of my listings with you?
Its just another way to sell the yacht, hopefully we an sell all of the parts of the yacht faster than you can sell the entire yacht. As long as the boat qualifies
How many of my listings can I list on FY.CO?
All of them that qualify, We are looking to list hundreds of yachts in the near future and then thousands
How does a Fractional Yacht business benefit yacht brokers?
A Fractional Yacht program provides additional selling opportunities for yacht brokers. They can offer potential buyers the option to purchase a fraction of a yacht, making ownership more accessible and affordable. This widens the potential customer base and increases the chances of closing a sale.
What advantages can Fractional Yacht ownership offer to buyers?
Fractional Yacht ownership offers several advantages to buyers:
Cost Sharing: Buyers can enjoy the benefits of yacht ownership while sharing the costs with other co-owners.
Access to High-End Yachts: Fractional ownership allows buyers to enjoy the use of high-end yachts they might not be able to afford outright.
Hassle-Free Management: The Fractional Yacht program typically includes professional management services, taking care of maintenance, staffing, and other operational aspects.
Variety and Flexibility: Buyers can choose different yachts and locations within the program, providing them with greater flexibility and variety.
How can a Fractional Yacht program help yacht brokers sell more yachts?
By offering a Fractional Yacht program, yacht brokers can attract more buyers who may be interested in yacht ownership but are hesitant due to the high costs or limited usage. The program provides an alternative solution that makes yacht ownership more affordable and accessible. Brokers can market the program as an attractive option for potential buyers, showcasing the benefits of fractional ownership and how it meets their specific needs.
How can marketing the Fractional Yacht program benefit sellers of yachts?
Sellers of yachts can benefit from marketing the Fractional Yacht program in several ways:
Increased Market Reach: By offering fractional ownership, sellers can tap into a larger pool of potential buyers who may not have considered purchasing a whole yacht.
Faster Sales: Fractional ownership offers a more affordable entry point for buyers, which can lead to quicker sales and a shorter listing time for sellers.
Competitive Advantage: Listing a yacht with a Fractional Yacht program can differentiate it from other similar yachts on the market, making it more appealing to potential buyers.
How can yacht brokers effectively market the Fractional Yacht program to buyers and sellers?
Yacht brokers can use various marketing strategies to promote the Fractional Yacht program:
Targeted Advertising: Advertise the program through targeted online campaigns, social media platforms, and industry-specific publications to reach potential buyers and sellers.
Content Marketing: Create informative and engaging content such as blog posts, videos, and guides that highlight the benefits of fractional ownership and how it can enhance the yachting experience.
Networking: Attend industry events, boat shows, and yacht club gatherings to connect with potential buyers and sellers, and promote the program through personal interactions.
Collaborations: Partner with other businesses in the yachting industry, such as yacht charter companies or luxury travel agencies, to cross-promote the Fractional Yacht program and reach a broader audience.
Testimonials and Case Studies: Share success stories and testimonials from satisfied fractional owners to build trust and credibility among potential buyers and sellers.
How can a Fractional Yacht program be structured to appeal to both buyers and sellers?
To appeal to buyers, the Fractional Yacht program should offer flexibility in terms of usage rights, yacht selection, and locations. Buyers should have options to choose the desired number of weeks or months of usage per year, access to a diverse fleet of high-quality yachts, and the ability to sail in various desirable locations.
For sellers, the program should provide a streamlined process for listing and managing the yacht, including professional maintenance, crew management, and marketing support. Sellers should also benefit from a clear and transparent revenue-sharing model, ensuring they receive their fair share of the profits generated by fractional ownership.
By addressing the needs and concerns of both buyers and sellers, a well-structured Fractional Yacht program can create a win-win situation for all parties involved.
