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All You Must Know About Aircraft Appraisal

When you are setting the selling price for something that is highly valued like aircraft, you need to seek more factual advice. Needless to say, this has the same level of importance on a corporate level or even more. A mistake can be avoided by using the services offered by professional aircraft appraiser.

Appraisal is basically an impartial opinion of the aircraft’s value which is prepared by an expert who knows all the factors and elements that make up the current behavior of a used aircraft. But you should know as well that this opinion is based mostly from the repeated analysis and experience of working on these factors. It’s a value of opinion which could be justified and substantiated. Normally, this opinion is made by Recognized, Certified, Professional aircraft appraiser.

The facts that surround the aircraft in question is the very first thing that a professional aircraft appraiser should do. It is very necessary for the appraiser to take a look at the aircraft logbook, do a thorough check of the interior and exterior and also, have a keen eye on the current condition and maintenance history of unit. The appraiser is more qualified to present prompt and accurate aircraft appraisals by taking advantage of National Aircraft Appraisers Association’s or NAAA advanced computer system. Services below are few of the things that an appraiser should provide.

Number 1. In-depth examination of engine, props, airframe, avionics, instrumentation and all other relative systems.

Number 2. Careful and systematic review of the aircraft documentation and performing computer analysis of data relevant to the aircraft.

Number 3. Sealed Certificate of Appraisal attached with computerized report

Performing appraisal before you buy aircraft is so important as it helps to:

Number 1. An appraisal helps in getting professional view of opinion of the current fair market value for a certain aircraft. It also helps in getting an opinion of the aircraft’s value to be modified or renovated.

Number 2. In addition to the above, appraisals are being used as verification of damage claims that have resulted 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 is providing a persuasive independent evidence of the aircraft’s condition.

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 in most cases, this project is time consuming. You may see them be done with the inspection just that but spend substantial amount of time in research.

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