Kristin
Pattern Altitude
- Joined
- Dec 1, 2013
- Messages
- 1,659
- Location
- Twin Cities
- Display Name
Display name:
Kristin (The Aviatrix)
A lot of these narratives are from the perspective of the buyer, which is because the OP was "the buyer". I have been both buyer and seller, many times over. I just sold my PA30. I priced it right. It cost me insurance (May) and an annual (October) if I was to keep it. I could have sold that plane 6 times the first week, including two buyers who wanted to wire me the total amount with hours of me agreeing to sell to them. One of those was for MORE than my asking price. But I already made a deal with a nice guy who flew in to look the second or third day I had it listed. It was bad WX so no flying, and it was almost impossible to pull it out of the hangar as we were iced in. He said "no problem, I am taking it at asking price" but he wanted to bring a mech who was also a CFI, and do a pre-buy. I had no issues as I was not impatient, but other sellers in my shoes might take one of those wire transfers, and I would not blame them. It is a weird market. I hate to say it, but throw a lot of conditions at a seller might mess up that deal. He might just say "my other line is ringing.....stand by". I also wanted the buyer to be comfortable buying my plane and to know as much about it as can be known.
As a seller, there is a benefit to having the buyer do a pre-buy. If the buyer has a mechanic bless it, then you have another layer of protection in case the buyer decides to claim that it was misrepresented or deficiencies were not disclosed. Sellers often innocently misrepresent that all AD's are up to date. They base this on what their IA has told them. But if the IA is wrong, then the buyer may be able to come after the seller, who may then either have to eat it, or go back against the IA who gave the seller bad information. I have had buyers purchase a plane from me and I begged them to get a pre-buy, but they chose not to do so. At least my begging was in writing.