ADD'L INFO: Well, sometimes I don't put in ALL the details for brevity
purposes. The plane was actually a co-ownership arrangement, and I was going
to buy-out all 3. The point man understood what was going on with the
plane's condition, etc., but the others seemed to think they should still
get their full market value. Not a good arrangement. So, the end result was
that I would have had to pay close to normal market for the plane, and still
put $7000 + whatever other nightmares cropped up. Duh. I'm not *that* hard
up for a plane! The point man was decent about it, and I feel sorry for him.
No easy way out when you're dealing with others.

The A&P doing the annual would have also done my maintenance had I purchased
the plane (or any other). Like I said, this was the first time he'd seen the
plane. Prior A&P retired. I trust this A&P; I'm familiar with his work on
some rental planes I fly. And, yes, before you flame me, I *do* know that
the other guy was paying for the annual, his money talking and not mine,
etc.

So, we'll just see what turns up. Two other candidates have surfaced, both
within 40 minutes of home base, so I have hope ;-)

Carl


"Carl Orton" wrote in message
...
UPDATE: Between the time the original note was posted and now, the deal
has
fallen through. Owner decided the plane was worth more to him even with
adding all the rework rather than selling for a loss.

Thanks for the responses, though!
Carl

"Carl Orton" wrote in message
...
Hi, All;

Have looked at some a/c for sale, and have found one I'm interested in.

The bird has not been flown in over two years, and is out of annual.

The owner said that he would have an annual done before quoting me a
price;
guess he figures it will be worth more as a result. This was one of
those
situations where I noticed a plane that didn't seem to have much use, so
I
decided to contact the owner.

So, an annual was scheduled. The A&P (has never seen this a/c before)
says
that it needs quite a bit of work. Needs a top overhaul, some brake
work,
nose strut rebuilt, and some other lesser items. Otherwise, the airframe
is
in good shape; paint fair, but passes the 20' test, needs some carpet
and
plastic.

What is usual here for working up a price, realizing that there probably
isn't any typical way of handling the negotiations? At this point,
nothing
is signed. The owner is stating that if everything was working fine, it
would be worth "X" dollars, and he is considering the option of selling
it
for "X" minus the estimated cost of repairs for the items above.

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? It's a common simple plane, but I'd
really prefer to work with something local at my current airport instead
of
continuing to hunt all over the state/country.

Thanks;
Carl