fstringham7a
Well Known Member
RE: Selling / Buying an RV ?????
After reading the following in another thread it got me to thinking about the sale of my RV7A.
http://www.vansairforce.com/community/showthread.php?t=91053&highlight=aircraft+sale
"As an aircraft broker,.....
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As an aircraft broker, I can tell you that, in the past couple years, only the finest RV-7As (and of course, 10s) have sold for over $100k. And not much over. These have been glass panel, low time, 200hp, beautiful paint, masterfully built, etc. Most of these have been sold to overseas buyers who are willing to pay a premium for the finest examples of RVs. The average, well built, well maintained RV 6s, 7s, 9s have been selling between $60k and $85k.
Of course, these are only the planes I've dealt with, either assisting in the sale or shipping overseas. There have probably been countless planes sold recently that don't fall into this bracket.
__________________
"We're guys. We can make it fit!"
Craig Vincent
SkyView Aviation
209-830-7666
Tracy Municipal Airport (KTCY)
VAF # 912, RV-9A
KJ6DXW
My SPOT messenger tracking page
2012 VAF dues paid"
In my second life after teaching high school Chemistry and retirement I became a lic real estate sale guy. I have, like you, followed the ups and downs of the real estate market over the past 15 plus years. Like many, up until the last 4 years, felt property was a real safe bet and that it would only go up and if it had a tumble it wouldn't fall all that far. I felt this way also about airplanes values. If they are will maintainted the value would probably appreciate with time instead of ....... will you get the idea.
So it was, with this reality in mind, last month when I put my airplane, N74BZ, up for sale.
There are a ton of things that need to be addressed on the part of both the buyer and the seller as they prepare for their part in this dance. Chief among these is what is the present market saying as to the value. Once everyone gets REAL with the PRESENT value then all those other details can be addressed and ironed out.
To help this along might I suggest to the buyer. Don't pay alot of attention to what the seller is saying the value of the plane is ( in the case of an owner built RV he / she knows probably to the penny how much it cost to build). Just ask yourself what would you be willing to buy the plane for in this present market and consideration given to the other important factors ...... such as ...... how it is equiped, time in service, cosmetics, what the market says is it's value (see above quote), plus others .... and make an offer. It is at this point that the real dance can begin. Offer given ..... counter offer extended ..... offer given ..... you get the idea.
Since I have had my plane up for sale I have received a number of of comments back about the quality of the plane but the price (value) was out of their range. How do you know for sure unless you ask?? ... or make an offer to see just how low the seller will go. And so it goes just like in Real Estate sales, make an offer and see where the dance takes you. You might be surprised.
I can't thank the VAF family enough for all the years of help given to me. WHAT A FAMILY.
After reading the following in another thread it got me to thinking about the sale of my RV7A.
http://www.vansairforce.com/community/showthread.php?t=91053&highlight=aircraft+sale
"As an aircraft broker,.....
--------------------------------------------------------------------------------
As an aircraft broker, I can tell you that, in the past couple years, only the finest RV-7As (and of course, 10s) have sold for over $100k. And not much over. These have been glass panel, low time, 200hp, beautiful paint, masterfully built, etc. Most of these have been sold to overseas buyers who are willing to pay a premium for the finest examples of RVs. The average, well built, well maintained RV 6s, 7s, 9s have been selling between $60k and $85k.
Of course, these are only the planes I've dealt with, either assisting in the sale or shipping overseas. There have probably been countless planes sold recently that don't fall into this bracket.
__________________
"We're guys. We can make it fit!"
Craig Vincent
SkyView Aviation
209-830-7666
Tracy Municipal Airport (KTCY)
VAF # 912, RV-9A
KJ6DXW
My SPOT messenger tracking page
2012 VAF dues paid"
In my second life after teaching high school Chemistry and retirement I became a lic real estate sale guy. I have, like you, followed the ups and downs of the real estate market over the past 15 plus years. Like many, up until the last 4 years, felt property was a real safe bet and that it would only go up and if it had a tumble it wouldn't fall all that far. I felt this way also about airplanes values. If they are will maintainted the value would probably appreciate with time instead of ....... will you get the idea.
So it was, with this reality in mind, last month when I put my airplane, N74BZ, up for sale.
There are a ton of things that need to be addressed on the part of both the buyer and the seller as they prepare for their part in this dance. Chief among these is what is the present market saying as to the value. Once everyone gets REAL with the PRESENT value then all those other details can be addressed and ironed out.
To help this along might I suggest to the buyer. Don't pay alot of attention to what the seller is saying the value of the plane is ( in the case of an owner built RV he / she knows probably to the penny how much it cost to build). Just ask yourself what would you be willing to buy the plane for in this present market and consideration given to the other important factors ...... such as ...... how it is equiped, time in service, cosmetics, what the market says is it's value (see above quote), plus others .... and make an offer. It is at this point that the real dance can begin. Offer given ..... counter offer extended ..... offer given ..... you get the idea.
Since I have had my plane up for sale I have received a number of of comments back about the quality of the plane but the price (value) was out of their range. How do you know for sure unless you ask?? ... or make an offer to see just how low the seller will go. And so it goes just like in Real Estate sales, make an offer and see where the dance takes you. You might be surprised.
I can't thank the VAF family enough for all the years of help given to me. WHAT A FAMILY.