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What is an Appraisal
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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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