When you set the selling price of something especially of a high priced ticket like an aircraft, it is integral to sought for more factual advice. Well basically, this shares the same importance on a corporate level or more. Making a mistake can certainly be avoided by making use of the services provided by professional aircraft appraiser.
As a matter of fact, appraisal is the impartial opinion of how much the aircraft is worth and is prepared by an expert who knows the factors and the elements that is responsible for the current behavior of the used plane. 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. This is mostly an opinion 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. The appraiser must assess the aircraft logbook thoroughly, inspect both the interior and exterior and pay close attention to the current condition as well as maintenance history of the unit. The National Aircraft Appraisers Association’s or NAAA has state of the art computer system that should be taken advantage of as it is what will help the appraiser to have prompt and at the same time, accurate appraisals. The following services should be provided as well by the appraiser:
Number 1. Examine the engine, avionics, instrumentations and other relative systems thoroughly.
Number 2. A careful and systematic review of documentation of the aircraft and above all, carry out a computer analysis of any data relevant to the plane.
Number 3. Sealed Certificate of Appraisal attached with computerized report
With an appraisal, it can help in achieving all of the following:
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. 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. This offers convincing independent proof of the condition of aircraft.
Number 5. Appraisal can be used to assist the prospective buyer to get insurance or even financing.
However, it is important that you give your appraiser enough time to work. Because in most cases, this project is time consuming. They may be spending a short time in inspecting the aircraft but will spend ridiculous time in research.