buying from an estate

Tony Woolner wrote:

Is it more difficult to buy a plane from an estate rather than an owner?
There is a broker involved who listed the plane.
Thanks,
TonyW.


Besides the good advice you've already received, I will add that an
estate will probably be a motivated seller because the executor probably
wants to get the estate closed out as quickly as possible with the least
amount of hassle. Especially if the executor is not a pilot.

The flip side of that is that the estate will probably not be willing to
do any repairs or upgrades (but having a broker may help with that). If
problems are found in the prebuy, they'd probably rather reduce the
price than do the repairs, which can be a good thing or a bad thing,
depending.

I saw this happen with a house in a neighborhood where I also owned a
house. It took a few years for the appraisals for the rest of the
neighborhood to recover from the fire-sale price thes estate house was
sold for -- but it WAS sold strictly as-is.