The PAAO Certificate of Appraisal is the appraisal of choice for the IRS, U.S. Customs, courts, and financial institutions around the globe. Since 2019, PAAO has set the standard for aircraft appraisal.
What makes PAAO better:
Data for the program is upgraded monthly by researching lending institutions as to actual sales prices, (the PAAO is the only organization of its kind that is privy to this information) and the appraisals of the PAAO associates. Avionics and other systems are researched as to value, in all there are over 140,000 pieces of data reviewed and/or renewed every month. The program is then delivered to all appraisers to be used at the beginning of the following month, so there is never a question of the accuracy of a PAAO appraisal.
As the information is entered into the program, the aircraft is electronically disassembled and then reassembled using information collected by the appraiser during his physical inspection. The program then generates the "Green Airframe Value" Then adds back in the avionics and all other system’s depreciated values to arrive at the "Fair Market Value".
During the physical inspection the appraiser grades the airframe, paint, interior, and deicing equipment using exacting PAAO guidelines. The grading is on a 1-10 basis; each number grade directly affects the appraised value of the aircraft when entered into the computer program.
EACH OF THE ITEMS LISTED BELOW AFFECT THE VALUE
Remember if PAAO isn't on the report . . . it is not an appraisal!