My employer is negotiating the purchase of a twin commaner. We had the airplane appraised by an NAAA appraiser. The appraised value showed to be over 100K less than the original asking price. The owner of the plane, a self-proclaimed “old hat” at buying and selling aircraft, stated that NAAA appraisers are known for low-balling appraisals. This makes no sense to me. Any truth to this statement?
Wouldn’t the appraisel reflect not just material worth but present market conditions?
I think we could all concur that we are in a buyer’s market?