Appraisal services are a core part of the Flight Level identity and a large portion of our operation. Our appraisers have worked with financiers, aircraft owners, tax professionals, and litigators nationwide and have developed a reputation for producing credible, defensible reports. The American Society of Appraisers (ASA) is the most respected appraisal organization in the world and Flight Level is proud to have 2 accredited ASA appraisers, out of only 63 worldwide.
The reports our team produce strictly adhere to the Uniform Standards of Professional Appraisal Practice (USPAP) appraisal development and reporting requirements, which is the foundation of appraisal practice in North America. Our team also exceeds the minimum continued education requirements set by the ASA annually because we understand the tremendous value that comes through staying on the cutting-edge.
Aircraft appraisals are so much more than a number on a page, it is an opportunity to educate the users of these reports about the market conditions and individual factors that create value. This objective guides everything we do.
Three Ways to Appraise
A desktop appraisal is ideal for a client that needs an appraisal quickly or for those who do not require the level of detail of an in-person inspection. A desktop appraisal is based upon information provided by the client, assumptions made by the appraiser, prevailing market conditions, and a variety of proprietary data-points. Our desktop appraisals comply with USPAP reporting standards. Desktop appraisals are beneficial for aircraft that are traded frequently, are in average condition, and have no damage history.
An in-person appraisal involves a physical inspection of the subject aircraft and any associated documents and logbooks. The appraiser documents the inspection process with pictures and notations in the appraisal report. While a desktop report relies on information provided by the client, an appraiser completing an in-person appraisal report certifies that through his/her due-diligence, the value derived was founded on information verified first-hand. This type of appraisal provides the client with exacting information on the subject aircraft, the market for the aircraft, records, and a value opinion in accordance with the intended use. These appraisals produce the most accurate appraisal report available from Flight Level Partners.
Appraisal review reports are requested to review the quality of another appraiser’s work. Flight Level Partner’s Senior Appraiser has completed the American Society of Appraiser’s Appraisal Review and Management 201/204 coursework and provides reviews using the standardized methodology accepted nationwide. Appraisal reviews are often requested to determine USPAP compliance and can be issued with or without an opinion of value, dependent on the needs of the client.