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What is an Aircraft Appraisal?
- To
the Buyer: the appraisal is an impartial professional
opinion as to the value of the particular aircraft they are
planning to purchase. Further, the appraisal can assist in expediting
the sale of the aircraft because the buyer and seller know the
fair market value and relative condition of the aircraft through
the independent appraisal.
- To
the Seller: the appraisal gives them the confidence
of knowing the condition and the current fair market value of
their aircraft.
- To
the Banker: the appraisal documents the value and condition
of the aircraft. The appraisal also supports the banks collateral
position in the aircraft loan.
It's been said that "An aircraft is worth what someone will
pay for it." Therefore, when setting a selling price for something
as valuable as an aircraft, more factual advice than that given
by a well-meaning friend is both a necessity and just common sense.
Of course this is just as important on the corporate level. Costly
mistakes can probably be avoided through the use of a Professional
Aircraft Appraiser.
Continue
to Anatomy of an Appraisal >>
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