Yachtauctions.com Review – Is Yachtauctions.com Legit or Scam


Yachtauctions.com Review – Is Yachtauctions.com Legit or Scam?


Talk about a niche site! The Yachtauctions.com reviews show that this is specialty niche like no other. Let’s face facts no matter how much most of dream we are just not in the buying a yacht and sailing the seven seas position. The good news is that you may be closer to being in that position than you think.


Yachtauctions.com can be the way to buy your dream boat! This innovative website auctions off yachts, boats and aircraft. Of course this is not the site that you go shopping on casually. It is a site that you visit when you are serious about owning aircraft and yachts. If you’re in the market for a boat, you should also check out Auctionresource.org as many people are reporting good deals there.


The Site


Yachtauctions.com is not your average auction site. It is nicely set up and you can easily navigate the site. There is tons of information on the site but it is not the throw a bid up and be done with it site. To bid on boats aircraft or other high end items that may be offered there is a process that you must follow.


The Process


To make things easier I copied from www.yachtauctions.comthe following:


First time bidders are responsible for the $20.00 non-refundable bid fee. This fee covers the administrative process of entering that bidder into our system for future transactions. 

1.                    All offers must be accompanied by either, $1,000 or 10% deposit, whichever is greater.

2.                    Upon verbal notification of acceptance of an offer, the buyer has 5 working days to complete any “conditions” as set forth and pay the amount due IN FULL via certified funds. Failure to close the transaction within 5 business days after notice of acceptance will result in deposit being forfeited and the boat placed in the next auction cycle.

3.                    The bidder has 24 hours (or one business day) to remove the purchased vessel from our facility or make storage arrangements after closing. Storage charges will accrue on ALL vessels until vessel departs at our standard rates (refer to http://www.yachtauctions.com/services.asp for current rates).

4.                    There is a minimum $399.00 administrative fee for paperwork handling on all vessels.
* If the boat or yacht you are bidding on is a U.S. Marshals Service or Department of Treasury seized vessel (noted in the right column of the inventory list with a Marshals symbol) the $20.00 bid fee and the $399.00 buyer's premium is waived.


As part of the instructions on how to make an offer it clearly states that before you do any of the above you must talk to one of the brokers. An offer that is made before you speak to a broker will not be binding.


It does seem like a lengthy deal but frankly these are very high end items and you stand to save thousands of dollars by going through this site it makes sense that certain precautions have to be taken. There are toll free numbers listed on the site along with physical address information for all the brick and mortar locations (there are 4) across the country.


If I had the resources and IF I wanted to buy a yacht or an aircraft and IF I found one I liked here I would use the site. I know there are a lot of if's involved in my scenario but at the end of the day if all the planets aligned right and I could I would use this site.


Subscription Price: $0 (there are other fees see above)

Number of Items: Many

Geographical Location: Worldwide


Overall, the Yachtauctions.com review shows this to be a legit site and not a scam, however you may want to also check out Auctionresource.org as many are reporting good deals from there as well.