Aircraft Pre-Buy Inspections: What's The Appraiser’s View

 

This condition may be directly related to a specific assignment, contrary to what’s known by the appraiser to exist on the effective date of the assignment, but is used for the purpose of analysis.

• A list of desirable (sale-enhancing) features on the subject aircraft
  
• A list of detracting (sale-injuring) features on the subject aircraft
  
• Suggested asking price
  
• Predicted sale price

• Poor math, handwriting and/or reporting of time and cycle tracking over time;
  
• Maintenance tracking program does not match the aircraft’s records;
  
• Actual major component serial numbers do not match the aircraft records;
  
• Loaner components (i.e. engine, APU or landing gear) is installed in place of the correct component(s);
  
• Component overhauls have been overlooked/missed;
  
• The aircraft is currently being operated on a non-transferrable OEM extension letter or AOC-approved aircraft inspection program;
  
• Mandatory and recommended Service Bulletins have not been complied with. (Depends upon the negotiated terms of the purchase agreement);
  
• Missing paperwork (i.e. interior burn certifications and reports);
  
• Outdated equipment list (items listed have been removed/new items not listed);
  
• The AFM is missing required supplements;
  
• The interior configuration is unapproved following changes that were incorporated;
  
• Missing ‘fly-away kit’ items;
  
• Unknown or undisclosed damage history;
  
• Some logbook entries are written in a foreign language;
  
• STC-equivalent modifications installed which do not conform to, or meet with FAA standards through reciprocity;
  
• Unapproved parts installed;
  
• Corrosion found;
  
• Existing damage (dents or buckles) have not been reviewed for airworthiness eligibility and compliance;
  
• Flight Data Recorder’s recorded parameters are insufficient to meet the requirements of an operating rule or regulations that will govern future flight operations. (Depends upon the negotiated terms of the purchase agreement);
  
• Inability to receive importation certification on a foreign registry. (Depends upon the negotiated terms of the purchase agreement).