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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.
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