Why We Don’t Do Desktop Appraisals
What A USPAP‑Compliant Aircraft Appraisal Is
- A limited market analysis or value estimate, using incomplete information and no physical inspection.
- Often prepared without full logbooks, Form 337s, or verification of configuration and condition.
Where Desktops Fall Short
- None USPAP‑compliant, not structured for professional reliance.
- Higher risk of:
- Undisclosed damage or repairs
- Unverified modifications and configuration.
- Misunderstood time/life limits, SB/AD status, and utilization profile.
- Weak foundation if the value is questioned in audit, litigation, or internal review.
- Higher risk of:
When A Full Appraisal Is The Better Choice
- Credit decisions, policy‑driven collateral requirements, and regulatory expectations.
- Legal matters (litigation, divorce, estates, business disputes).
- Donation and tax reporting, where the IRS may scrutinize methodology.
- High‑value or complex aircraft, or those with substantial modifications or damage history.
Our Standard Practice
- Every assignment includes on‑site aircraft inspection and complete records review (including 337s and major maintenance documents).
- Appraisals are prepared in compliance with USPAP and supported by PAAO analytical methodology.
- Reports are structured for professional reliance by lenders, attorneys, fiduciaries, and owners.