Qualifications
When do I need to hire a (CAVA) Certified Aircraft Value Appraiser?
- Bank or Lending Institution Financing
- Insurance Requirements
- Aircraft Asset Allocations
- Aircraft Value for Trade of Direct Sale
- Legal Requirements for Aircraft Value
- Business or Personal Aircraft Acquisition
Qualifications that set (CAVA) Certified Aircraft Value Appraisers apart from desktop appraisers.
- As our Repeat Customer's state, we know aircraft; inside and out.
- We are Qualified Buyer's Agents and have acted in the Best Interest of the Buyer during Countless Transactions.
- Our On Site Aircraft Appraisers are FAA certificated A&P's and/or IA's.
- CAVA Tom Stevens, IA, CFI, MEI is a Formerly Trained and Certified Member of NAAA with nearly 40 years of Airline, Business Class and General Aviation Experience.
- Incorporated in 2006, Fully Licensed and Insured, we have thousands of Satisfied Appraisal Buyers, Sellers and Maintenance Customers.
- Our Facility is Fully Equipped to Complete Pre-Buy/Annual Inspections, if desired.
- We are Mobile and we Will Travel to You for your On site Aircraft Appraisal.
- We have Successfully Located, Appraised Aircraft Value, Ferried, Disassembled and Crated Hundreds of Aircraft for Shipment worldwide.
Testimonies from Repeat Customers
- Jim says, "These folks know airplanes. Inside and out."
- Mark says, "The most qualified and professional group of people around."
- Rich says; "I have known Tom's dad and the Stevens boys since South Norfolk W33 days in the early 1980's. I've never met a family more dedicated to aviation than this family. The aircraft knowledge shared is unmatched with 3 generations in aviation. When I heard Tom and Judy had added aircraft appraisals to their services, I immediately called and set an appointment for my twin to be appraised. Judy told me it would take a week and within 3 days the report was delivered to my bank and emailed to me. The banker told me the report was meticulous and thorough and no further information was required. A few weeks later, Judy called to thank me for the referral and to let me know the bank had contacted CAVA to appraise another customer's aircraft. The next time an appraisal is needed, I will definitely contact CAVA. I highly recommend them."
- Dave says," Point blank. If you are serious about aviation, Tom and Judy are your people. THE best hands down. You need a plane? Lear Stevens. Want to sell your plane? Lear Stevens. Want to learn to fly, give Tom a call. Period."
- Jeff says, "It's ALL good! I wouldn't trust anyone else."
Site Content
Questions and Answers
Questions and Answers
Questions and Answers
- Q. 1. Why should I invest in a CAVA certified aircraft value appraisal?
- A. 1. Below is a list of relevant and necessary considerations when investing in a safe and mechanically reliable aircraft. Your certified CAVA report will include this information:
- The aircraft damage history.
- Engine or airframe modifications, if any.
- Make and model of installed avionics and if there were any Avionics upgrades.
- Physical condition of the airframe including surface corrosion, etc.
- Inspection status of the aircraft. For example, the aircraft may have been out of annual inspection for some period of time, or there may be Airworthiness Directives and/or mandatory Service Bulletins which have not been complied with.
- Propeller(s) time since overhaul.
- Engine overhaul status. For example, was the engine field over hauled to FAA overhaul service limits or overhauled to factory new limits, or was a new or Rebuilt engine installed.
- Condition of de-ice equipment, instrumentation, and other systems and components.
- Q. 2. Why is a physical examination of the aircraft and a computer generated data base needed?
- A. 2. An accurate database of aircraft values is vital and necessary tool along with the visual evaluation regarding the condition of the airframe, make and model of avionics, damage history, airframe or engine modifications, and all of the other important value points listed above. CAVA considers all of these factors in its database.
- A. 2. Continued: All of the information the Certified Aircraft Value Appraiser uses is verified by its members who have physically evaluated the aircraft, and each associate subscribes to the same evaluation criteria while performing the appraisal. The end result is an extremely accurate compilation of aircraft data that is verified by the CAVA appraiser.
- Q. 3. Do banks really use Certified Aircraft Appraisals?
- A. 3. Absolutely. There are thousands of banks, government organizations, and other entities across the United States, Canada and Mexico that specify that a certified trained appraisers perform their aircraft appraisals. Every day others recognize the importance of documenting and knowing the actual fair market value of the aircraft. These organizations consider a certified appraisal performed by a certified trained appraiser to be the most accurate method available.
- Q. 4. What kind of training, if any, is provided to the certified CAVA Appraiser?
- A. 4. The Certification process has developed two mandatory training programs. Completing this course results in the member becoming a Certified Aircraft Appraiser. The second is our Senior Certified Aircraft Appraisal Program. Included in that program is our USPAP (Uniform Standards of Professional Appraisal Practice) course that offers national recognition as an appraiser.
- A. 4. Continued: CAVA covers in detail every aspect relating to aircraft appraising from filing reports, marketing, and how the appraisal process works to detailed instructions on evaluating aircraft components, such as: airframe, paint, interior, engines, avionics, props, damage history, airframe & engine modifications, Airworthiness Directives, Service Bulletins, Service Letter compliance & inspection status, etc. Additionally, CAVA provides aircraft appraisers software updated based on the aircraft market every 90 days. This manual describes the functions and operation of the software application. The mandatory training programs, online training manual, aviation experience required for CAVA Associates, and the appraising software are tools that all CAVA appraisers use to develop an accurate and comprehensive analyses of the aircraft's fair market value.
Estimated Pricing
Questions and Answers
Questions and Answers
AOPA says: Physical Appraisal https://finance.aopa.org/resources/2017/may/25/finding-the-best-appraisals-for-your-aircraft
- "A physical appraisal is the most invasive—almost like a pre-buy inspection. It is the gold standard of appraisals. The appraiser is going to get into the airplane, open panels, thoroughly examine all the engine logs and maintenance logs, and take a careful look at the aircraft. This type of appraisal is recommended for truly unique aircraft like the JetPROP upgrade discussed or a Blackhawk converted aircraft. and on most jet aircraft it is a requirement. The disadvantage of an onsite or physical appraisal is its cost—typically $2,000 to $3,000 or more."
- Our Certified Aircraft Value Appraisers base their fees on YOUR needs and aircraft, but the minimum fees are $650.00 locally for GA single engine to $5,000 or more for turbine or business class, plus travel expenses.
Below is a sample of average pricing based on aircraft class:
- Single Engine, Low Performance $650
- Single Engine High Performance $650 to $775
- Twin Engine, 6 Seats or Less $775 to $850
- Twin Engine, Cabin Class $1000 - $2500
- Prop Jet, 10 Seats or Less $2500 to $5000
- Jet, 10 Seats or Less $3500 to $5,500
- Transport Category Aircraft: 12,500 lb. & up $200 to $275 per hour
- NOTE: Travel expenses are not included in these estimate averages.
Deposit required and balance due upon completion, via bank wire. The aircraft final product can not be presented until payment for services are rendered.
FAQS
Questions and Answers
FAQS
What does a CAVA Certified Appraiser do?
- A professional aircraft appraiser must acquire all the facts about the aircraft in question. The appraiser thoroughly examines the aircraft logbooks, inspects the exterior and interior surfaces of the aircraft, and pays close attention to the general condition as well as the maintenance history of the aircraft. One of the tools the appraiser uses is an extensive computer based system that assists the appraiser in producing accurate and prompt aircraft appraisals. An appraisal written by a CAVA Certified Value Appraiser provides the client with:
- A detailed examination of airframe, engines, props, instrumentation, avionics and all relative systems.
- A careful review of aircraft documentation, log books, and associated records.
- A computer analysis of relevant value data. A certificate of appraisal and the detailed computerized report submitted to the client.
- There are numerous advantages to investing in a CAVA Certified Aircraft Value Appraisal. Below is a list of benefits to consider:
- Obtain a professional opinion of the value of an aircraft as a prudent safeguard against excessive tax assessments, capital gains and other taxes.
- Obtain a professional opinion of the present market value on an aircraft.
- Obtain a professional opinion of the value on an aircraft to be renovated or modified.
- Verify damage claims resulting from fire, hail, windstorms, accidents and other disasters.
- Provide the basis for decision-making in the commitment of funds for aircraft acquisition.
- Provides persuasive, independent evidence of the general condition of an aircraft.
- Assist a prospective purchaser in obtaining financing or insurance.
- Assist a financial institution in substantiating the nature and value of the aircraft as it relates to collateral.
- Assist a financial institution by supporting the loan portfolio for examination by the loan committee and/or bank examiner.
- Distinguish sellers aircraft from others that may be listed for sale. An appraisal written by a CAVA Certified Aircraft Value Appraiser should reduce the time required to sell an aircraft.
Additional Information
A&P's, IA's, Pilots and Aviation Professionals MAKE $$$ with one email!
Aviation professionals please consider being our eyes and ears for potential aircraft for sale; all from the comfort of your home airport, and all during your regular working hours. No investment of time required, only your observational skills.
PART TIME EMPLOYMENT at your local airport available. Individuals who currently frequent a particular airport in the US (all classes), for employment or leisure are eligible. Earn substantial income in minimal time. No selling or telemarketing involved.
Lear Stevens Aviation Services has more buyers than we have aircraft to sell and you can assist in filling the gap; all the while earning real income, and helping aircraft buyer's.
Please email Judith Lear: info@learstevensaviation.com or TEXT to mobile: 1-757-567-0568 for more information. Please include your name and airport location in your email or text.
The management and crew of Lear Stevens Aviation Services looks forward to welcoming you to our professional team!
Learn More
If you would like yo learn more about our Eagle Eye Referral Program, please email: info@learstevensaviation.com or text mobile: 1-757-567-0568.
Please include your name and airport location in your email or text.
Thank You!
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