Today's Message Index:
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1. 08:25 AM - Re: Fair Asking Price for 1977 Tiger (James Courtney)
2. 02:16 PM - Re: Fair Asking Price for 1977 Tiger (FLYaDIVE)
3. 03:30 PM - Re: Fair Asking Price for 1977 Tiger (Linn Walters)
4. 05:19 PM - Re: Fair Asking Price for 1977 Tiger (lmassaro)
Message 1
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| Subject: | Fair Asking Price for 1977 Tiger |
I think David is close and John is likely 10k high. Also important is
the history on the engine in terms of hours flown per year since OH,
compressions, etc. The original paint/interior can vary a lot depending
on hangaring, etc. In this market you can probably get an inexpensive
but decent paint and interior redo done in the neighborhood of $15k.
Whether this is needed in the near future depends a lot on what
=9C5=9D means and the buyer. Of course all of this is
contingent on the rest of the plane being pretty clean without deferred
or mishandled maintenance, corrosion, etc.
Sounds like a nice plane though and sorry to hear you=99re having
to sell it Tom.
Best,
Jamey
Message 2
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| Subject: | Re: Fair Asking Price for 1977 Tiger |
Linn:
Don't tell me that you use drugs... I like you too much even consider that.
Now, if the buyer and seller are face to face why would they need a broker?
Barry
On Fri, Jan 7, 2011 at 5:04 PM, Linn Walters <pitts_pilot@bellsouth.net>wro
te:
> When I was in the broker business, putting both buyer and seller on the
> ramp looking at the same airplane ..... the seller sees a bar of gold
> sitting there and the buyer ..... sees a lead bar. You should hear the
> bickering back and forth!!!! Listening to the conversation was hilarious
as
> each person added and subtracted 'value' to substantiate their viewpoint.
> I was spending far too much time for the gains so I just gave it up.
> Linn
>
>
> On 1/7/2011 4:53 PM, FLYaDIVE wrote:
>
> ALL BROKERS are on DRUGS ...
> And those that use them pay for their drugs.
>
> Barry
>
> On Fri, Jan 7, 2011 at 4:01 PM, Tom Quinn <quinn_tom@tqiinc.com> wrote:
>
>> I'm thinking about selling my 1977 Tiger and am wondering what the
>> market will bear these days. The Aircraft history and equipment list is
as
>> follows:
>>
>>
>>
>> =B7 Approx Airframe TT 2500 hours , 550 SMOH
>>
>> =B7 NDH
>>
>> =B7 Garmin 430 (Non WAAS)
>>
>> =B7 King KX 170B NAVCOM
>>
>> =B7 Garmin GTX-327 Transponder
>>
>> =B7 Garmin GMA 340 Audio Panel
>>
>> =B7 S-TEC 30 w/alt hold (1 year old)
>>
>> =B7 GPSS (1 year old)
>>
>> =B7 JPI-450 Fuel Flow Indicator (1 year old)
>>
>> =B7 New LoPresti Boom Beam landing light System
>>
>> =B7 DME
>>
>> =B7 New Sensenich Prop
>>
>> =B7 Interior Original 5 condition
>>
>> =B7 Exterior Original 5 condition
>>
>>
>>
>>
>>
>> I had a broker look at it and he told me that he thought the fair market
>> value was high 30=92s low 40=92s! I think one of us is on drugs, I hope
it=92s not
>> me! Thoughts?
>>
>>
>>
>>
>>
>> Tom Quinn
>>
>> 249RR
>>
>> *
>>
>> st" target="_blank">http://www.matronics.com/Navigator?TeamGrumman-Lis
t
>> tp://forums.matronics.com
>> _blank">http://www.matronics.com/contribution
>> *
>>
>>
> *
>
> om/Navigator?TeamGrumman-List">http://www.matronics.com/Navigator?TeamGru
mman-Lists.com">http://forums.matronics.com
> om/contribution">http://www.matronics.com/contribution
> *
>
>
> *
>
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> *
>
>
Message 3
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| Subject: | Re: Fair Asking Price for 1977 Tiger |
On 1/8/2011 5:13 PM, FLYaDIVE wrote:
> Linn:
>
> Don't tell me that you use drugs... I like you too much even consider
> that.
Nah, I fly to get high!
>
> Now, if the buyer and seller are face to face why would they need a
> broker?
Well, that only happened a couple of times, and you're right, they could
have cut me out of the loop .... but for the most part, I knew either
the buyer or seller personally. Doing business with friends was
terribly frustrating, and one of the other reasons I quit. Having both
available face-to-face to negotiate saved months of emails and stupid
questions.
Linn
>
> Barry
>
> On Fri, Jan 7, 2011 at 5:04 PM, Linn Walters
> <pitts_pilot@bellsouth.net <mailto:pitts_pilot@bellsouth.net>> wrote:
>
> When I was in the broker business, putting both buyer and seller
> on the ramp looking at the same airplane ..... the seller sees a
> bar of gold sitting there and the buyer ..... sees a lead bar.
> You should hear the bickering back and forth!!!! Listening to the
> conversation was hilarious as each person added and subtracted
> 'value' to substantiate their viewpoint.
> I was spending far too much time for the gains so I just gave it up
=2E
> Linn
>
>
> On 1/7/2011 4:53 PM, FLYaDIVE wrote:
>> ALL BROKERS are on DRUGS ...
>> And those that use them pay for their drugs.
>>
>> Barry
>>
>> On Fri, Jan 7, 2011 at 4:01 PM, Tom Quinn <quinn_tom@tqiinc.com
>> <mailto:quinn_tom@tqiinc.com>> wrote:
>>
>> I'm thinking about selling my 1977 Tiger and am wondering
>> what the market will bear these days. The Aircraft history
>> and equipment list is as follows:
>>
>> =B7Approx Airframe TT 2500 hours , 550 SMOH
>>
>> =B7NDH
>>
>> =B7Garmin 430 (Non WAAS)
>>
>> =B7King KX 170B NAVCOM
>>
>> =B7Garmin GTX-327 Transponder
>>
>> =B7Garmin GMA 340 Audio Panel
>>
>> =B7S-TEC 30 w/alt hold (1 year old)
>>
>> =B7GPSS (1 year old)
>>
>> =B7JPI-450 Fuel Flow Indicator (1 year old)
>>
>> =B7New LoPresti Boom Beam landing light System
>>
>> =B7DME
>>
>> =B7New Sensenich Prop
>>
>> =B7Interior Original 5 condition
>>
>> =B7Exterior Original 5 condition
>>
>> I had a broker look at it and he told me that he thought the
>> fair market value was high 30=92s low 40=92s! I think one of u
s
>> is on drugs, I hope it=92s not me! Thoughts?
>>
>> Tom Quinn
>>
>> 249RR
>>
>> *
>>
>> st" target="_blank">http://www.matronics.com/Navigator?TeamG
rumman-List
>> tp://forums.matronics.com <http://forums.matronics.com>
>> _blank">http://www.matronics.com/contribution
>>
>> *
>>
>>
>> *
>>
>> om/Navigator?TeamGrumman-List">http://www.matronics.com/Navigator?
TeamGrumman-List
>> s.com <http://s.com>">http://forums.matronics.com
>> om/contribution">http://www.matronics.com/contribution
>>
>> *
>
> *
>
> st" target="_blank">http://www.matronics.com/Navigator?TeamGrumma
n-List
> tp://forums.matronics.com
> _blank">http://www.matronics.com/contribution
>
> *
>
>
> *
>
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>
> *
Message 4
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| Subject: | Re: Fair Asking Price for 1977 Tiger |
Things to consider:
1) Brokers care about one thing and one thing only. Making a sale. They will
price it at a level that it would sell quickly so they can take their cut and
move on with the minimal amount of work possible. They say they "work for the
seller" but IMHO, that's bullsh*t, plain and simple.
2) Something is only worth what someone is willing to pay for it. And keep in
mind that paradigm varies from person to person. Some people will see more value
in certain aspects (like engine/avionics) where others see more value in
"paint, seats, and the pretty stuff".
As an example, I see the A/P as the big selling point as that is probably one of
the best improvements one can make on a plane (if you XC alot). Id put a premium
on that. Others may not see it as I do.
The broker number sounds low, and the Vref sounds high (in this market). The only
way to tell is to list it based on your valuation. As prices have stabilized
now, you will get an idea the minute you list it. If the phone doesn't ring,
the "market" isn't willing to pay the price listed. If you lower it, and
it gets sold, you have found the value of your plane.
The truest method of determining value is how the stock and commodity markets work.
More demand (buy orders), prices rise to attract sellers, less demand (more
sell orders), prices drop to attract buyers. Equal number of buyer and sellers...Simple
yet elegant (when done legally! like the old days)
Lastly, what does a broker do anyway? Take lots of pictures, set up a website
as David Boone suggests and provide as much information as humanly possible.
That will help prospective buyers sort through the static out there as there are
lots of planes on the market these days.
Good luck.
Read this topic online here:
http://forums.matronics.com/viewtopic.php?p=326062#326062
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