An aircraft is an expensive investment. An appraisal is used to:
- Obtain a professional opinion of the present fair market value on an aircraft.
- Obtain a professional opinion of the value on an aircraft to be renovated or modified.
- Provide expert opinion of the value of an aircraft is useful as a prudent safeguard against excessive tax assessments, capital gains and other taxes.
- Verify damage dlaims resulting from fire, hail, windstorms, accidents and other disasters.
- Provide the basis for decision-making in the commitment of funds for acquisition.
- Provide persuasive independent evidence of the condition of an aircraft.
- Assist a prospective purchaser in obtaining financing or insurance.
- Assist the financial institutions by substantiating the nature and value of the aircraft as it relates to collateral.
- Assist the financial institution by supporting the Loan Portfolio for examination by the loan committee and/or bank examiner.
- Distinguish sellers aircraft from others that may be listed for sale. should reduce the time required to sell an aircraft by 50%.
The SINGLE Most Frequently Asked Question is:
Why not use VREF, TAP or another market source to determine value?
The Answer is:
You are not buying or selling an 'average' aircraft. You are buying or selling a specific aircraft. An NAAA certified appraiser determines a value based upon the specific aircraft - not some general market averages. An appraisel requires the aircraft be seen and the value be verified, in person.
What is an Appraisal?
* King Air350
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