Should I buy a Salvaged Yacht?

     Yacht salvage is big business, brokers, dealers and investor's take every opportunity to capitalize on yachts having been storm damaged or totaled by insurance adjusters.  Some salvage yards hold auctions, incorporating police or U.S. Marshal requisitions, giving buyers a quick deal, but, does the buyer really get a good deal?
     Salvaged vessels can come from any harbor, marina or coast, offering the buyer a big expense in transportation fees.  Moving or having a larger than average sized yacht relocated can be very expensive and in some cases, not worth it.  Also, most vessels auctioned do not have a current survey, limiting the amount of information you have on the vessel before purchase.
     Some auction houses give potential buyers amble time to have inspections done before bidding, however, most yachts are bought without being able to have the vessel properly surveyed.  A big risk for buyers, keeping in mind most salvaged yachts are placed for sale because storm damage rendered the boat unsailable or left buy owners who knew the value wasn't worth salvaging.

     So how do you find a good salvage yard?  Online.  Online websites are a great place to start researching salvaged vessels.  Take the time to research active salvage brokers and do your homework.  Be aware that some are out to rob you blind, while others offer a good to fair price for a vessel and list damage seen and unseen.  Find a salvage broker or yacht broker which allows you to inspect the vessel before bidding and can offer you damage reports on their current inventory list.

     Many skippers have been fortunate enough to land ownership of a very nice vessel by being patient, doing research and finding a qualified surveyor prior to purchase, if you are inclined to find a yacht this way, follow these simple steps to buying salvage, Visit the website below for auctions on salvage and maintained vessels with a great reputation.

http://yachtauctions.com/