This type of appraisal is used to inform an aircraft owner, buyer, or seller of the value of a certain aircraft. This process is more accurate than a Book Value or Vref since the "actual condition" of the aircraft will be considered. It has a substantially lower cost than a Certified Appraisal because the appraiser does not visit the aircraft
The client is responsible for providing and verifying the accuracy of the data. Malara's Aircraft Services will provide a form for gathering the required data and instructions on how to "assess the condition of major components". A Market Analysis has limited usefulness and cannot be used for obtaining financing or for tax and legal disputes. It is however, an inexpensive way to develop a fair estimate of actual market value based on aircraft condition.
When received, the data will be checked for accuracy and completeness. The data will then be processed using various databases that are used for a Certified Appraisal. The Market Analysis report is similar to a Certified Appraisal with the exception that since the client has provided the data, and the appraiser has not visited the aircraft, the report cannot be Certified!
If you have any question about whether you should be getting a market analysis or certified appraisal, please contact us. We will be happy to discuss your particular needs and recommend the appropriate service.