Buying a yacht should be exciting — not disappointing. Unfortunately, many buyers discover that the boat they fell in love with online looks very different in person. This phenomenon, often referred to as being "catfished by a yacht listing," is more common than most people realize.

Buying a yacht is one of the most exciting purchases you’ll ever make—but it can also be one of the easiest ways to overspend if you don’t approach the process strategically. Whether you’re buying your first yacht, upgrading to a larger vessel, or purchasing a boat for long-range cruising or charter use, understanding how to buy a yacht without overpaying is critical.

Buying your first powerboat is an exciting milestone, especially in Florida where year-round boating, fishing, and family cruising are...