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[ Appraisal Sample ][ What is an Appraisal  ][ Appraisal Process 

 

 

 

 

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 banks 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.

National Aircraft Appraisers Association Members Assure the Best Possible Information by Providing the Following Services.
bulletDetailed examination of airframe, engines, props, instrumentation, avionics and all relative systems.
bulletCareful review of aircraft documentation including log books etc..
bulletComputer analysis of relevant data.
bulletSealed Certificate of Appraisal with detailed computerized report submitted to client.

What is the Purpose of an Appraisal?

bulletTo obtain a professional opinion of the present fair market value on an aircraft.
bulletTo obtain a professional opinion of the value on an aircraft to be renovated or modified.
bulletAn expert opinion of the value of an aircraft is useful as a prudent safeguard against excessive Tax Assessments, Capital Gains and other taxes.
bulletAppraisals are used to verify Damage Claims resulting from fire, hail, windstorms, accidents and other disasters.
bulletAn appraisal may provide the basis for decision-making in the commitment of funds for acquisition.
bulletProvides persuasive independent evidence of the condition of an aircraft.
bulletAssist a prospective purchaser in obtaining financing or insurance.
bulletAssist the financial institutions by substantiating the nature and value of the aircraft as it relates to collateral.
bulletAssist the financial institution by supporting the Loan Portfolio for examination by the Loan Committee and/or Bank Examiner.
bulletDistinguishes 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 inspection the aircraft, but will spend considerable time researching data. The Certificate of Appraisal and Inspect 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


For more information 
please email us at
:
alance@alanaircraftservices.com
theresa@alanaircraftservices.com
aasi-sales@alanaircraftservices.com
Alan Aircraft Services Inc.
1189 West 600 North
Uniondale, Indiana 46791
Tel: 1-260-543-2570
Fax: 1-260-543-2011
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