X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Wed, 16 Apr 2014 10:07:16 -0400 Message-ID: X-Original-Return-Path: Received: from mail-qg0-f45.google.com ([209.85.192.45] verified) by logan.com (CommuniGate Pro SMTP 6.0.9e) with ESMTPS id 6830088 for lml@lancaironline.net; Wed, 16 Apr 2014 08:36:32 -0400 Received-SPF: pass receiver=logan.com; client-ip=209.85.192.45; envelope-from=toddlong1@gmail.com Received: by mail-qg0-f45.google.com with SMTP id j5so11088683qga.18 for ; Wed, 16 Apr 2014 05:35:56 -0700 (PDT) X-Received: by 10.140.22.113 with SMTP id 104mr9339596qgm.56.1397651756590; Wed, 16 Apr 2014 05:35:56 -0700 (PDT) X-Original-Return-Path: Received: from [10.173.140.218] (62.sub-70-197-194.myvzw.com. [70.197.194.62]) by mx.google.com with ESMTPSA id x2sm43276892qas.26.2014.04.16.05.35.55 for (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Wed, 16 Apr 2014 05:35:55 -0700 (PDT) From: Todd Long Content-Type: multipart/alternative; boundary=Apple-Mail-1FD558DF-6AF0-4369-B949-626737D756AD Content-Transfer-Encoding: 7bit Mime-Version: 1.0 (1.0) Subject: Re: [LML] Re: Appraisal X-Original-Message-Id: <54E42939-16EF-4C60-B166-D8CC61BD9AE9@gmail.com> X-Original-Date: Wed, 16 Apr 2014 07:35:53 -0500 References: In-Reply-To: X-Original-To: Lancair Mailing List X-Mailer: iPhone Mail (11D167) --Apple-Mail-1FD558DF-6AF0-4369-B949-626737D756AD Content-Type: text/plain; charset=windows-1251 Content-Transfer-Encoding: quoted-printable The bank is probably going to be pretty interested in certified appraisals f= or an aircraft that will probably be well over $200,000. The appraiser that did my 4P had done experimental's before and seem to be p= retty close to what the market was selling at. Using ads of airplanes are li= sted is pretty pointless. A lot of the Lancer 4Ps and ESP's are way overpric= ed for with they're actually selling at. Where are you located at that you n= eed the appraiser? Todd > On Apr 16, 2014, at 6:48, "Danny" wrote: >=20 > In my experience certified appraisers are a waste of time because they kno= w little or nothing about experimental aircraft. Besides, literally anybody= can be one by simply paying a registration fee. And even then, again from m= y experience, lenders give them little to no credibility. Perhaps things ha= ve changed since I bought my LNC2 four years ago but I doubt it. Your best b= et is to find as many ESPs with similar builds as yours (engine, avionics, t= ime, etc.), either listed or recently sold to provide your own appraisal to y= our bank. I financed with B of A and that=92s what I did. They were perfec= tly fine with that approach. Good luck. > =20 > Danny > LNC2-360 Mk-II > AOPA 04856278 > EAA 647062 > NRA 156453324 > Nothing is foolproof to the sufficiently talented fool. > =20 > From: jwilless@itd-nc.com [mailto:jwilless@itd-nc.com]=20 > Sent: Tuesday, April 15, 2014 12:00 PM > To: lml@lancaironline.net > Subject: [LML] Appraisal > =20 > I'm refinancing my Lancair ESP and need to have it appraised. Does anyone h= ave a recommendation or advice on the process?=20 > =20 > -- > Thanks, Justin --Apple-Mail-1FD558DF-6AF0-4369-B949-626737D756AD Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable

The bank is probably going to be prett= y interested in certified appraisals for an aircraft that will probably be w= ell over $200,000.

The appraiser that did my 4P had done experimen= tal's before and seem to be pretty close to what the market was selling at. U= sing ads of airplanes are listed is pretty pointless. A lot of the Lancer 4P= s and ESP's are way overpriced for with they're actually selling at. W= here are you located at that you need the appraiser?

Todd

<= br>On Apr 16, 2014, at 6:48, "Danny" <danny@n107sd.com> wrote:

In my experience certified appraisers= are a waste of time because they know little or nothing about experimental a= ircraft. Besides, literally anybody can be one by simply paying a regi= stration fee. And even then, again from my experience, lenders give th= em little to no credibility. Perhaps things have changed since I bough= t my LNC2 four years ago but I doubt it. Your best bet is to find as m= any ESPs with similar builds as yours (engine, avionics, time, etc.), either= listed or recently sold to provide your own appraisal to your bank. I= financed with B of A and that=E2=80=99s what I did. They were perfect= ly fine with that approach. Good luck.

Danny
LNC2-360= Mk-II
AOPA 04856278
EAA 647062
NRA 156453324
Nothing is foolproof to the sufficiently talen= ted fool.

From:= jwilless@itd-n= c.com [mailto:jwilless@itd-nc.com= ]
Sent: Tuesday, April 15, 2014 12:00 PM
To: lml@lancaironline.net
Subject:<= /b> [LML] Appraisal
<= /o:p>
I'm refinancing my Lancair ESP and need= to have it appraised. Does anyone have a recommendation or advice on the pr= ocess?

--
Thanks, J= ustin

= --Apple-Mail-1FD558DF-6AF0-4369-B949-626737D756AD--