Today's Message Index:
----------------------
1. 06:13 AM - selling a plane (Vince Frazier)
2. 10:45 AM - Re: selling a plane (jfogarty tds.net)
Message 1
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SNIP
>
> ________________________________ Message 1
> _____________________________________
>
>
> Time: 03:24:45 PM PST US
> Subject: RV-List: selling a plane
> From: Thomas Sargent <sarg314@gmail.com>
>
> I am contemplating the sale of my RV-6A. I recall some years ago seeing
> some sample sales agreement forms on the EAA website. Today I can only
> find some good articles about selling your plane there, but no actual
> templates for such a transaction.
>
> I observed the sale of a plane once and recall there were some FAA-required
> forms involved that I had never seen before (transfer of registration, I
> guess.)
>
> Can any one who has been through this process give me some advice? Steer
> me to a website perhaps or tell me why I'm nuts to try to do it without a
> lawyer/airplane broker involved?
>
> Thanks,
> --
> Tom Sargent
>
SNIP
Tom,
Your best bet for a safe transaction is to use an escrow service. There
are many. I have used AIC Title Services in the past and felt it was money
well spent. A Google search will find several.
There are many pitfalls to selling (or buying) a plane. It isn't like a
car because the FAA doesn't issue a title, just a registration. The
registration, or de-registration, doesn't necessarily protect you from
claims. Transferring the money is always a problem. A escrow service
eliminates many of the problems. Check it out.
A few hundred bucks is well worth the paperwork and funds being handled
professionally.
Vince
www.flyboyaccessories.com - RV tailwheels and many other nifty RV
products.
Message 2
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| Subject: | Re: selling a plane |
Tom, There are forms on the www.faa.gov site. You will need to transfer
the title to the new buyer. Form 8050-2
Jim
On Mon, May 5, 2014 at 8:10 AM, Vince Frazier <vincefrazier@gmail.com>wrote:
> SNIP
>
>>
>> ________________________________ Message 1
>> _____________________________________
>>
>>
>> Time: 03:24:45 PM PST US
>> Subject: RV-List: selling a plane
>> From: Thomas Sargent <sarg314@gmail.com>
>>
>> I am contemplating the sale of my RV-6A. I recall some years ago seeing
>> some sample sales agreement forms on the EAA website. Today I can only
>> find some good articles about selling your plane there, but no actual
>> templates for such a transaction.
>>
>> I observed the sale of a plane once and recall there were some
>> FAA-required
>> forms involved that I had never seen before (transfer of registration, I
>> guess.)
>>
>> Can any one who has been through this process give me some advice? Steer
>> me to a website perhaps or tell me why I'm nuts to try to do it without a
>> lawyer/airplane broker involved?
>>
>> Thanks,
>> --
>> Tom Sargent
>>
> SNIP
>
>
> Tom,
>
> Your best bet for a safe transaction is to use an escrow service. There
> are many. I have used AIC Title Services in the past and felt it was money
> well spent. A Google search will find several.
>
> There are many pitfalls to selling (or buying) a plane. It isn't like a
> car because the FAA doesn't issue a title, just a registration. The
> registration, or de-registration, doesn't necessarily protect you from
> claims. Transferring the money is always a problem. A escrow service
> eliminates many of the problems. Check it out.
>
> A few hundred bucks is well worth the paperwork and funds being handled
> professionally.
>
> Vince
> www.flyboyaccessories.com - RV tailwheels and many other nifty RV
> products.
>
> *
>
>
> *
>
>
--
Jim Fogarty
Lakes and Leisure Realty, Inc.
8636 Bluebird Lane
Breezy Point, MN 56472
218-380-3784
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