|
 What
is an Appraisal
An Appraisal is Different Things to Different
People.
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
bank's collateral position in the aircraft loan.
To Everyone, an appraisal is an impartial opinion of
the value of an aircraft, prepared by experts who know all
the factors which make up the current behavior of the Used
Aircraft market. It is an opinion of value based upon
experience and repeated analysis of these factors. It is an
opinion of value which can be substantiated and justified.
It is an opinion of value made by a Certified, Recognized,
Professional Aircraft Appraiser.
To be impartial and correct, the Professional Aircraft
Appraiser must acquire all the facts about the aircraft in
question. Click here to
review the Appraisal Process.
National Aircraft Appraisers Association Members Assure
the Best Possible Information by Providing the Following
Services.
-
Detailed
examination of airframe, engines, props,
instrumentation, avionics and all relative systems.
-
Careful
review of aircraft documentation including log books
etc.
-
Computer
analysis of relevant data.
-
Sealed
Certificate of Appraisal with detailed computerized
report submitted to client.
What is the Purpose of an Appraisal?
-
To obtain a
professional opinion of the present fair market value on
an aircraft.
-
To obtain a
professional opinion of the value on an aircraft to be
renovated or modified.
-
An expert
opinion of the value of an aircraft is useful as a
prudent safeguard against excessive Tax Assessments,
Capital Gains and other taxes.
-
Appraisals
are used to verify Damage Claims resulting from fire,
hail, windstorms, accidents and other disasters.
-
An appraisal
may provide the basis for decision-making in the
commitment of funds for acquisition.
-
Provides
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.
-
Distinguishes
sellers aircraft from others that may be listed for
sale. Should reduce the time required to sell an
aircraft by 50%.
How Much Will
the Aircraft Appraisal Cost?
Fees will vary depending on the size of the aircraft and the
length of time involved in completing analyses of all
relevant data.
How long will it take to Complete the Report?
One must allow sufficient time for the appraiser to do a
thorough job. The appraiser may spend a short time actually
inspecting the aircraft, but will spend considerable time
researching data. The Certificate of Appraisal and
Inspection Data Sheet Analysis of the Appraisal is issued
after the physical inspection of the aircraft has been
completed.
Standards of Professional Practice and Conduct.
The National Aircraft Appraisers has established rigid
standards of professional practice and conduct to which
every Association Member must adhere. It is essential to all
parties receiving and relying upon appraisals that these
standards be meticulously maintained.
Conclusion.
The National Aircraft Appraisers Association provides a
broad range of service to the Aviation Industry through its
Professional Approach to Aircraft Valuations. Bankers,
Insurers, Purchasers, Sellers, and owners immediately
recognize the value of an Independent Aircraft Appraisal.
Call
303-841-9690
Email:
mike@aaqas-appraisals.com |