Determining value of plane to sell.

[Dick Denenny]

I know this is a common thread but I thought I'd still throw it out to get some help. I need to sell my 1966 M20E. Lost my medical along with some other problems. I see prices all over the place right now. Some asking around $140k for what I have and then looking at brokers like GMax has one at $100k. Where are we at?

I'll list all the specifics later but just looking for general input right now.  Dick

[toto]

Jimmy Garrison produces some nice Mooney valuation guides. You might ping @jgarrison for the latest. 

[mike_elliott]

What would you buy it for today. Answer honestly. That’s what it’s worth 

[VWGuy]

IMHO The value of anything is worth nothing! It is only worth what a buyer & seller can agree on.

 

[DCarlton]

I'm no expert but I think it has much more to do with condition and flight readiness now.  Engine overhauls, avionics upgrades and paint all have very long lead times.  Any one of those can cost half the value of a '60s Mooney and take 5-6 months.  If you've got a mint plane that's ready to fly, and you can prove it, I'll bet it'll sell for a premium.  If you've got a project, a run out engine or old avionics, I'm guessing it'll sit a long time before it sells regardless of the price.  If you want it gone quickly, you'll have to price it way below the valuation guide.  There are a lot of planes on the market that have been for sale by brokers for a couple of years.  This is why I keep asking about the real value of a good parts airplane but no-one seems to want to discuss that.  What's the bottom.  What's the value of a ready to fly for a long time airplane vs one that's run out.  Really curious if yours has the manual gear; perhaps another significant factor.  Folks are paranoid about the cost and availability of gear actuators now.   E's are cool airplanes.  

[1980Mooney]

11 hours ago, Dick Denenny said:

I know this is a common thread but I thought I'd still throw it out to get some help. I need to sell my 1966 M20E. Lost my medical along with some other problems. I see prices all over the place right now. Some asking around $140k for what I have and then looking at brokers like GMax has one at $100k. Where are we at?

If GMax has one similar to yours and is asking $100K, then that is probably the high side valuation.  There was a M20E (Serial No. 690) with speed mods and new looking paint recently at IndyAir listed for $49K.  (see below). It just sold.  That is probably the low side valuation.

Also did you see this topic from August

 

Mooney M20E - N5668Q - Aircraft For Sale - Indy Air Sales