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.
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Detailed examination of airframe, engines, props, instrumentation, avionics
and all relative systems. |
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Careful review of aircraft documentation including log books etc.. |
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Computer analysis of relevant data. |
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Sealed Certificate of Appraisal with detailed computerized report submitted
to client. |
What is the Purpose of
an Appraisal?
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To obtain a professional opinion of the present fair market value on
an aircraft. |
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To obtain a professional opinion of the value on an aircraft to be renovated
or modified. |
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An expert opinion of the value of an aircraft is useful as a prudent
safeguard against excessive Tax Assessments, Capital Gains and other taxes. |
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Appraisals are used to verify Damage Claims resulting from fire, hail,
windstorms, accidents and other disasters. |
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An appraisal may provide the basis for decision-making in the commitment
of funds for acquisition. |
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Provides persuasive independent evidence of the condition of an aircraft. |
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Assist a prospective purchaser in obtaining financing or insurance. |
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Assist the financial institutions by substantiating the nature and value
of the aircraft as it relates to collateral. |
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Assist the financial institution by supporting the Loan Portfolio for
examination by the Loan Committee and/or Bank Examiner. |
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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. | 
