Carl Orton wrote:


My thoughts are that since a test flight has not occured, that more things
might crop up, so the price should be decremented some more. Is there any
rule of thumb for these situations?

Dunno about a simple rule of thumb, but here's mine. Take the value of a similar
aircraft in average condition. Subtract the amount that it would take to repair
the known deficiencies. Your first offer should be in this ballpark. Then take
the same average value of a similar aircraft and subtract half the amount it
would take to repair the known deficiencies. Under no circumstances should you
allow the owner to negiotiate the price higher than this.

Yoy take your chances on unknowns.

George Patterson
You can dress a hog in a tuxedo, but he still wants to roll in the mud.