The problem with brokers and similar professions is that the incentives are all wrong. It's not in the broker's short term interest to walk away from any deal no matter how bad and people respond to incentives. Anyone who hires a broker or realtor without understanding who they are working for (themselves) is asking for trouble.digits_ wrote: ↑Fri Dec 04, 2020 10:42 am Okay, I'll start by saying I have a healthy skepticism towards brokers and other similar professions. But I'm trying to keep an open mind. How could a broker save me money while purchasing a small airplane?
I'd say the only thing that matters is the condition of the airplane. While not every AME might be inspecting an airplane in as much depth as you'd like, I'd wager the average AME would inspect an airplane much better than the average broker.
I already gave you one example above of an aircraft purchased for IFR training that turned out to need $7000 of work to be legal for IFR flight. Here's the most recent example from a couple months ago:
Same case as Wannaflymore, student pilot purchasing an aircraft for the first time. In this case a Cardinal RG which had a clean pre-purchase inspection from an AME specialized in Cessna Cardinals. I became involved late in the process for help getting the aircraft home. Preparing to get the aircraft home, my check of the logbooks showed some required inspections had not been done. After pointing this out to the client who brought it up with the seller, they recommended he fly the aircraft home (illegally) and then do the inspections there in order to get the deal done before the weekend since those inspections aren't important. After walking the client through the CARs and pointing out the potential cost if those inspections turned up anything, he insisted the work be done before the sale went through. When the aircraft failed the inspection, the seller paid more for the repair than my entire fee.
Come to think of it, I can give you an even simpler example. When I asked my client if the aircraft had tie-downs, he forwarded the reply from the seller: "All the airports in BC have tie downs so you won't need to worry about it on your way home". The aircraft ended up overnighting unexpectedly outside in Lethbridge with winds over 40 knots. Saved him the deductible anyway.
Basically it doesn't matter how diligent you try to be as a first time buyer, you just don't know what you don't know. Photofly has graciously provided a random list that a first time buyer might not be aware of, imagine how much longer a complete list would be. It's certainly possible to have a good experience buying an aircraft on your own, but you're rolling the dice against house odds. My fees aren't very competitive, but more often than not I save my clients more money than they pay me.




