No one is spouting gloom and doom, we are just offering an opinion on the question, which was what will an RV 12 sell for in todays market.
you just can not afford the fair price of a RV-12.
just a lack of marketing and sales skills that will permit lower prices.
What follows has been plagarized but it is basically economics 101.
We all place an "intrinsic value" on our aircraft. Unless we find an uninformed buyer or unless our particular aircraft has a feature or features different and significantly desirable from similar aircraft it will sell at fair market value.
The price recieved has little to do with our pride or superior marketing skills.
Fair market value (
FMV) is an estimate of the market value of an item is, based on what a knowledgeable, willing, and unpressured
buyer would probably pay to a knowledgeable, willing, and unpressured
seller. An estimate of fair market value may be founded either on precedent or extrapolation. Fair market value differs from the
intrinsic value that an individual may place on the same asset based on their own preferences.
Since market transactions are often not observable for assets such as privately-held businesses and most personal and real property, FMV must be estimated.
An estimate of Fair Market Value is usually subjective due to the circumstances of place, time, the existence of comparable precedents, and the evaluation principles of each involved person. Opinions on value are always based upon subjective interpretation of available information at the time of assessment. This is in contrast to an imposed value, in which a legal authority (law, tax regulation, court, etc.) sets an absolute value upon a product or a service.
In
United States tax law, the definition of
fair market value is found in the
United States Supreme Court decision in the
Cartwright case:
The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts. The most common reference I can find to "Fair Price" is usually in conjunction with an organisation, government, or political entity. interfering with the free market to please a constituency. It is usually synonomous with imposed value. I have known many who were proud of their planes (rightly so) who indulged in vigorous and excellent marketing and held out for a "fair price" based on their idea of intrinsic value. Their planes have been for sale for many years now.
During those years They have been paying taxes, insurance, and hangar fees as well as the costs of marketing. When they finally sell these added costs will either decrease their profit or increase their loss "effective yield" .
So perhaps the initial question should have been, what will my effective yield be if I sell my RV 12 in todays market.
Sure 1 or 2 may sell for big bucks but they will either be show winning creampuffs or an uninformed buyer.
So I still think $40K-$50K (in todays market) tops thus the goal is to minimize your negative yield.