Buying an aircraft is not like buying a house or an automobile, and establishing a fair price can get rather tricky. AVweb's expert on aircraft appraisal tackles these and other tough questions in this illuminating article. T he real measure of value of any consumer product is the price it sells for.
Aircraft are no different.
The buyer and seller must agree on a price before a sale can take place, and often the seller has his sights set on the high side while the buyer is looking at the low side. If no agreement can be reached there is no sale. Aircraft are not a particularly hard product to sell, especially these days when there is a resurgence of interest in general aviation. The market has been hot for some time now, and a good aircraft priced fairly sells quickly. For the most part, neither the buyer nor the seller is equipped to know the fair market value of the aircraft they are dealing with.