First Purchase Price Question

This is way too much to pay. Once the airplane is made airworthy and is
flying, other deficiencies will become apparant.

Mike
MU-2


"G.R. Patterson III" wrote in message
...


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.