J

John G

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I am about six hours into phase one for my RV-8 and find that after 15 years of building I am not enjoying flying and don't really have a mission for it. I am considering selling while still in phase one.

Does anyone know what this would entail or where I should look for applicable regulations? Would the buyer just need to go to their FSDO for a revised phase one flight area and get a ferry permit to move the plane to its new home? Are there any other factors to consider?
 
John G said:
I am about six hours into phase one for my RV-8 and find that after 15 years of building I am not enjoying flying and don't really have a mission for it. I am considering selling while still in phase one.

Does anyone know what this would entail or where I should look for applicable regulations? Would the buyer just need to go to their FSDO for a revised phase one flight area and get a ferry permit to move the plane to its new home? Are there any other factors to consider?
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If the purchaser needs to move the aircraft, he/she would need to have the op lims amended to the new phase I area. If the distance is great, a ferry permit is unlikely for an airplane with only 6 hrs. Options would be to truck the aircraft to the new location or fly off phase I before moving to the new location.
 
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consider what its worth as it sits, and what it would be worth when it has its airworthiness certificate.

What is the price difference? Does it make $ense to finish the job, or let it go?
 
rockyfatcat said:
consider what its worth as it sits, and what it would be worth when it has its airworthiness certificate.

What is the price difference? Does it make $ense to finish the job, or let it go?
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If it's flying then it already has its AWC--getting the AWC precedes first flight. It could be a negotiation tactic for a buyer to offer lower due to the fact it's in Phase 1, but I'm guessing it wouldn't result in a huge discount being that it has flown. The real variable would be how motivated is the seller to get out from under it.
 
When I've been a buyer in the past, a Phase 1 sale was almost disqualifying -- I wouldn't really know what I was getting, as if you ever know when buying a homebuilt.

Suggestion: the plane will probably be easier to sell if you have a ton of documentation on the flight testing already done; equipment lists with models and serial numbers; avionics interconnects (not necessarily pin to pin, but port to port with settings, etc.); to hopefully reduce risk and unknown factors to the new buyer.

Paying somebody to finish Phase 1 is also a good idea, but don't forget all the documentation.
 
A few years ago the wife had to help fly off some phase 1 hours for a plane that was bought and the FSDO refused to amend the flight test area. She spent a few weekends in a row travelling to the original flight test area to put hours on it. It's a way more attractive plane if you can get it out of phase 1 before selling it.
 
I helped a friend aquire a non RV still in phase 1 with 15 hrs on it. It was a out 30 miles away, and we got the phase one area changed via a DAR..the FSDO would have been cheaper but was too busy. In his case, the 2 areas were close and no questions were asked. As others mentioned, it's best to try and find someone to fly it off and be done with it.
 
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