Story by Phillip Berman / June 20, 2017
Many brokerage companies claim to offer “buyer brokerage” services, but their brokers are not Multihull experts. Any yacht broker who sells a powerboat one day and a single hulled sailboat the next cannot be a true “buyer broker.” At The Multihull Company every broker is a true expert – all we do, year-in and year-out, is sell catamarans and trimarans. We know the pros and cons of all the new and used cats on the market and have attended multihull surveys for years. We know the current market conditions for various catamarans and trimarans, as well as the most expert surveyors, lenders, insurers, and shipyards that specialize in multihulls.
At The Multihull Company our brokers are members of the Yacht Brokers Association of America and follow the strict code of ethical and professional conduct of YABA. In addition, several of our brokers have been certified with the CPYB (Certified Professional Yacht Broker), a credential which is awarded only to yacht brokers who have years of experience and have passed a rigorous three hour examination that covers every aspect of professional yacht brokering. To learn more about our expert staff of catamaran and trimaran experts, click here.
The Multihull Company holds dedicated escrow accounts in Florida and Pennsylvania. When you make a deposit on a yacht with The Multihull Company you do so with the security of knowing that, should you reject a yacht, your deposit will be returned instantly. Do not become one of the many buyer horror stories found on the internet – do not send a deposit to a broker overseas as you may never see those funds again. We work only with American contracts which can be enforced in American courts and with your deposit sitting safely in a dedicated American escrow account.
Many brokers and brokerage companies push clients into purchasing in-house listings. In our view, no broker or company can honorably serve a buyer if he is not actively exploring the wide range of Multihull listings that best suit his clients’ needs. Any broker that simply pushes buyers toward “in-house listings” is a salesman, not a yacht broker. Here at The Multihull Company we take pride in the fact that we are “old school” yacht brokers. We know that the strength and growth of our company rests with happy clients, which explains why 80% of our business over the past three years was generated through referrals.
In the Multihull business, a great many catamarans and trimarans are built abroad and sold abroad. While a yacht broker cannot offer you the final word on taxation or serve as your accountant, an experienced broker who conducts multiple offshore transactions each year has a wealth of information on how to properly flag and title yachts to avoid unnecessary taxes or duties and how to properly and safely handle the transfer of title.
One of the most difficult dimensions of yacht sales is frequently “after survey” negotiations. It takes enormous knowledge and skillful negotiating skills to bring buyers and sellers together. A good broker will smooth out the rough spots and find equitable solutions. A good broker will also tell a buyer when it is time to “walk away” from a boat or a seller and look for something else.
My wife and I worked with Andrew Hodgdon to sell our 2021 FP Elba 45. In addition to skillfully carrying out the traditional yacht broker responsibilities, Andrew went above-and-beyond to ensure that we were well-positioned to sell in a competitive market. For example, Andrew helped out with much-appreciated repairs and hurricane prep, among other things. Trustworthy, intelligent, and conscientious, Andrew’s communications with us and the buyer were always thoughtful and forward-thinking, and fairly represented our interests.
We really lucked out in connecting with The Multihull Company. We made a cold call to Cynthia Wummer, a Multihull Company broker and told her we wanted to buy a catamaran to cruise The Great Loop and experience the Bahamas. We particularly wanted a PDQ power catamaran. From our first contact she was so helpful and responsive. She immediately contacted a selling broker who represented a prospective seller. Because we are new to a bigger boat and boating on the ICW, Cynthia assisted us through the entire process. She is a captain which was an added bonus to the process; she knew all the right questions to ask the selling broker as well as the surveyor. She drove 3 hours to be present during the survey, she developed a good relationship with the selling broker, she called and checked in with us regularly, was very enthusiastic about our purchase, and answered all our questions. We could not have done it without her. The Multlihull Company support team, Andrew Holland and Courtney Greider, were so helpful in the closing process: the paperwork was easy to complete and communication was smooth and timely. We wouldn’t hesitate to recommend The Multihull Company and Cynthia to anyone who is the market for a boat large or small. Thank you!!!!
Multihull Company has succeeded again. This is my second time using their services and they are extremely professional and honest. Working with their brokers and their administrative team was easy. Communication occurred at every level and constructive advise was always given. They know this business inside and out and acted as my fiduciary in every way. I will use them again for their service and knowledge.
Great to deal with and very patient in our questions. They were able to find us the perfect vessel for our needs.
Successful relationships cannot exist without it. At The Multihull Company we base every relationship on a firm commitment to earning and retaining our client’s trust.
Advice of any kind is valuable only when grounded in hard-won expertise. It too, must be trustworthy. Trust and expertise define the heart and soul of The Multihull Company. We are a team of skilled professionals who thrive on providing expert, trustworthy advice and service to catamaran and trimaran sailors around the globe.
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