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What is the process of selling an aircraft on your own?

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Neal

Forums Chief Pilot
Staff member
Joined
Oct 31, 1996
Posts
800
Type aircraft owned
Carbon Cub FX-3
Base airport
KFCI
Ratings
COMM, IFR, MEL, SEL
I believe EAA has resources, but when the time comes I prefer to sell on my own. How hard is it or do you suggest hiring help of some sort to help with the sale?
 
It’s not difficult but you want a good sales contract which includes provisions for what happens with a prebuy. Best is to have it drafted by a lawyer rather than something cobbled from the Internet. Yes, a “handshake” deal can work but when it doesn’t it can get messy.

And an escrow which protects both seller and buyer.

Both are things a broker can help with.
 
I should mention that I'm pretty sure the #1 reason for FAA Registry rejections is user error in preparing the (a) Bill of Sale or (b) new Application for Registration. That only happens in sales where an escrow/ professional is not involved.
 

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