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.