First-time buyers in yacht sales should approach the process with caution and thorough research. It's crucial to have a clear idea of what type of yacht you want, considering factors like size, purpose, and budget. First-time buyers often make the mistake of overestimating their needs, choosing a yacht that’s too large or expensive. It’s recommended to start with a smaller, more manageable yacht and consider options for crew and maintenance if needed. Hiring an experienced yacht broker can help guide you through the complexities of the buying process, from inspections to closing the deal. Finally, factor in long-term costs such as insurance, docking fees, and maintenance before committing.