It is extremely important that you look for more factual advice especially when setting for the selling price of something particularly with high value. Needless to say, this has the same level of importance on a corporate level or even more. By utilizing the services that are being provided by professional aircraft appraiser, it is probable to avoid mistakes.
Well basically, appraisal is impartial opinion of the aircraft’s value which is being prepared by expert who is well aware of the elements and the factors that comprise the current behavior of a used aircraft. This however is an opinion based from doing repeated analysis and experience of working on these factors. The thing about this is that, it is justifiable and substantiated. This is mostly an opinion made by Recognized, Certified, Professional aircraft appraiser.
Professional aircraft appraiser should gather all the facts regarding the aircraft that is in question. The appraiser has to look the aircraft logbook thoroughly, pay close attention to current condition and the maintenance history of unit and also, inspect the interior and the exterior of the plane. Taking advantage of the National Aircraft Appraisers Association’s or NAAA extensive computer system, it helps the appraiser to provide prompt and accurate aircraft appraisals. In the next lines, you are going to discover the services that an appraiser must provide.
Number 1. To look extensively at the systems relative to the aircraft from engine, props, instrumentation, avionics, airframe and more.
Number 2. Careful and systematic review of the aircraft documentation and performing computer analysis of data relevant to the aircraft.
Number 3. In the computerized report, there should be Sealed Certificate of Appraisal.
Doing an appraisal before buying an aircraft is extremely important because it helps in:
Number 1. With appraisal, it helps to get professional view of opinion of current fair market value for a particular aircraft. Furthermore, it can help in having a bird’s eye view of what the aircraft’s value will be if for example it has gone through renovation or any medications.
Number 2. Appraisals are used in verifying damage claims resulting from windstorms, hail, fire, accidents and several other accidents.
Number 3. Appraisals can even provide a basis for decision making in the commitment of fund acquisition.
Number 4. It’s offering persuasive independent evidence of the current condition of the aircraft.
Number 5. Appraisal is also used for assisting prospective purchaser to obtain insurance or even financing.
It is essential on the other hand to let the appraiser do his job. Because more often than not, it is a time consuming project. You may see them be done with the inspection just that but spend substantial amount of time in research.