It assists the financial institution by substantiating the nature and the value of an aircraft as it relates to collateral. It distinguishes seller's aircraft from others that may be listed for sale. An appraisal does not set the selling price for an aircraft. Rather, it sets an opinion of value that may then be used as a solid base for negotiation. Appraisal analysis has value to anyone connected to any aircraft financial transaction.
Sellers can assure the asking price is within the proper range.
Buyers can assure the asking price is within reason based upon true market value for a specific aircraft. Owners considering an upgrade or engine replacement can know what the true cost and value will be after the replacement. Anyone who is responsible for committing funds in the sale, purchase, financing. NAAA members provide a broad range of services to the aviation industry through its professional approach. The NAAA is equipped to serve the lender, seller, or buyer needs through an extensive network of Certified Aircraft Appraisers, a comprehensive data processing center and experienced Senior Appraisers.