5 Tips for Buying the Best Nordhavn, at the Best Price

The fool proof guide to buying your Nordhavn for less!

1) LEVERAGE ANALYTICS

While it may come off as a sweeping generalization, Nordhavn buyers are typically very astute buyers, they often times hail from an engineering based career, in which they approach every problem with a solution that is methodical and calculated in nature, yet too often, at the time of purchase for their Nordhavn, they fail to turn over every stone possible.

With that said, while it’s important to know the analytics specific to the exact Nordhavn you’re considering, here’s a few general Nordhavn benchmarks.

• Nordhavns sell at a median price of 7% below their list value

• A Nordhavn sold every 6 days in 2017

• 82% of Nordhavns sell within the USA.

By knowing how long the Nordhavn you’re planning on buying spends on the market, at what % below the list price it typically sells for and a number of other key indicators, you will position yourself to buy at the best and fairest price possible.

2) REQUEST RECENT SALES DATA

When a Nordhavn is sold, regardless of its size, year, or location, it’s recorded in a database, typically accessible only to yacht sales professionals.

It's way too common that sellers want an unrealistic price for their vessel and when you combine that with the fact that salesman strategically list vessels for sale upwards of 30% - 50% above the most recent sale price to create the illusion of a ‘good deal’ for an uninformed or unrepresented buyer. 

Whichever Nordhavn you’re looking into purchasing, I highly reccomend you fill out the following form for a nearly immediate text back with the requested information.

3) Find 'The’ Surveyor

Not just any surveyor, but a surveyor that has in fact surveyed a Nordhavn in the past. Although Nordhavns are well made vessels, they're quite different than other trawlers or luxury yachts; the same database where sales records are maintained, also provides insight as to who surveyed the Nordhavn.

Here you can gain access to past surveys which might show recurring issues in Nordhavns and will provide a testament to their intimate knowledge of inspecting a Nordhavn. 

It's a shame how often very successful yacht purchasers hire a surveyor familiar with a VanDutch or Riva to survey their Nordhavn; it's apples to oranges and can be obtained with nothing more than an email.

4) CONSIDER ALTERNATIVES

Nordhavn's are unique beauties for the simple fact that there's (in my opinion) no other yachts that combine the peformance, styling and amenities the way they do.

However, falling in love with one particular Nordhavn without considering other trawlers, power catamarans or explorer yachts based on your budget or price range.  multiple sized and aged Norhavn's as well as asking a broker for off market options, you're certainly sure to do yourself a disservice. 

For new and used Nordhavn yachts, check here.

5) APPOINT AN ADVISING BROKER

The broker or sales professional that is selling the Nordhavn is doing exactly that; they have an obligation to their seller and to their commission before they do what's right by you.

Sure I'm biased, as my firm solely deals with yacht purchasers around the world, but it's common place for the same broker representing both buyer and seller, to say anything during negotiation or survey to get the deal done, ultimately doing a disservice to the buyer.

Plus, representation costs you nothing as your representing broker is compensated through a split of the seller's commision (just like real estate). Plain and simple, a salesman tells you 99 reasons why you should buy the Nordhavn but a buyer's rep, tells you 99 reasons why you shouldn't, as they have the security of knowing you'll buy something else through them, so long as they do what's right by you. 

Let’s work together!

Contact: Christopher 'The Yacht Hunter' Mortimer

Email: cm@theyachthunter.com

Mobile: +1 (631) 896 - 7778 | +1 (305) 709-2644