Here is a breakdown of the process involved in purchasing a yacht. First of all, you can decide what type of yacht you are interested in. A yacht broker can then help you understand all the different types of yachts that are available, and what/who they are best suited to. Then get your head around whether you wish to purchase a new build, or a brokerage yacht. There are benefits to both. Then it is time to set your budget and establish any other desirables, e.g. the size, whether it is registered for charter, or if there is a designer or builder you prefer. Your yacht broker will then be in a position to put together a shortlist of the best available yachts that meet your criteria. You will then be able to visit your favourites on this shortlist and get a feel for your preferred option. If there is a yacht you wish to proceed with buying, your broker will then assist with negotiations and contracts. Sea trials and surveys will then be undertaken to be sure that all is as expected. The deal will then be finalised, and you will be the proud owner of your new yacht.