Help me price my plane.

[Cruiser]

I am considering selling my 1984 M20J 201 and need help setting an asking price. I would appreciate all honest and trueful input in coming up with a fair price for both the buyer and seller.

Here are the stats:

1984 M20J 201

TTAF 6455 hrs.

Lycoming IO-360 A3B6D TFREM 365 hrs. w/roller tappets and a new case. This is a "0" time engine.

McCauley Prop, controller and exhaust system overhauled in 2007 365hrs ago.

Electric gear actuator motor overhauled 400 hrs ago, new no-back spring installed.

Large 3½" JPI EDM-700 engine monitor w/FF, oil temp and outside temp probes installed.

ACK technologies 406 MHz ELT Model E-04

Garmin GMA340 audio panel w/external stereo music input

Garmin GNS430W GPS

King KNS-80 NAV

King KY-97 COM

King KAP-150 Autopilot

King KT-76A Transponder

King KR-87 ADF

Aspen Evolution 2000 PFD, MFD primary display w/full AI/HSI redundancy. Dual AHRS.

Original interior, cabin and wings were repainted in 1994 when hail storm required replaced wing skins 103 to 210 left and right. New flaps and ailerons by Beegles Aircraft Service Greenley, Co.

This airplane has been professionally maintained by MSCs for its entire life.

Current IFR cert due 6/14

Annual due 8/12

Price: ??????

[TonyPynes]

Nicely equipped plane. I have no value for a price point but if I was able to sell my F I would be very interested. You have set this plane up well.

[N33GG]

I'd trade my C-Model straight up!

[KSMooniac]

My gut reaction says it ought to easily be in the 110-115K range, and perhaps even higher.  I watch the ads regularly, but of course that doesn't necessarily correlate with sale prices.  Have you run Jimmy's valuation tool?  Available via MAPA Log or Phil Corman's Mooney newsletter/site.

[M016576]

'I'd set it at 120k, but it's a buyers market..... Good luck!

[PilotDerek]

Sorry you have to sell. Looks like a great plane. 

[Kwixdraw]

What would you replace her with?  If you are going to "move up" maybe you can work a deal with someone who wants a nice plane that's not so complicated.

[Antoni Deighton]

Looks like a nice plane. I'd be interested to hear what it's valued at as well.

[PTK]

If you don't have to sell it I'd take nothing less than 135K. And that is conservative imho. You have an excellent airplane. One lucky buyer will get a ready to fly airplane equipped well with nothing to do to it well into the forseeable future.

[Becca]

Can't tell from the picture - what is the quality of the paint and interior?  That can effect valuation by $10-20k as well.  Damage history? 

Depending on both and our shopping experience from 2 years ago, I think probably value could range from $100-130k.  The market is definitely not out of the bottom yet, but its going up.  Its a nice plane, trade ya?

[jetdriven]

http://www.vintagemooneygroup.com/M20JValuation.html

107K. No way to add for Aspens, so I checked the G500 box.

 

AOPA VRef straight value and adding a guess (12k) for Aspen, 107K as well.   http://www.aopa.org/members/vref/vrefp.cfm

 

 

 

 

[flyboy0681]

Quote: allsmiles

If you don't have to sell it I'd take nothing less than 135K. And that is conservative imho. You have an excellent airplane. One lucky buyer will get a ready to fly airplane equipped well with nothing to do to it well into the forseeable future.

[gregwatts]

Quote: flyboy0681

Doc, you can't be serious. $135k with 6,500 hrs on the airframe and an original interior? And you believe you're being conservative?

I 'm with Scott, more like $110k.

 

[fantom]

Quote: gregwatts

Doc, you can't be serious. $135k with 6,500 hrs on the airframe and an original interior? And you believe you're being conservative?

I 'm with Scott, more like $110k.

 

[PTK]

I'm very serious. Why not? Do you have any comps? The airplane is freshly and majorly equipped, from engine on down to the panel. I'm dead serious as a matter of fact. 

The problem is that you guys want Cruiser to give it away! 

[KSMooniac]

Quote: allsmiles

I'm very serious. Why not? Do you have any comps? The airplane is freshly and majorly equipped, from engine on down to the panel. I'm dead serious as a matter of fact. 

The problem is that you guys want Cruiser to give it away! 

[201er]

Quote: Cruiser

I am considering selling my 1984 M20J 201 and need help setting an asking price. I would appreciate all honest and trueful input in coming up with a fair price for both the buyer and seller.

[M016576]

Quote: 201er

What it really comes down to is how desperate you are to sell it? Some buyers get a steal out of an unfortunate situation while others casually post their ad until someone is found that wants that exact plane and nothing else. So I'd wonder what your eagerness to sell is and factor that along with everything else. BTW, awesome looking plane. I'm sure it will be dearly missed no matter the path you take.

[PTK]

You'd be very hard pressed to find comps. This airplane has all the expensive bases covered. Add up the numbers. The buyer is set for many years to come with no major expense. Isn't that worth something?

If you are not pressed to sell it, price right (~135K in my opinion) and wait for the buyer who will see the value and be willing to pay for it. 

 

[GeorgePerry]

That's a great point.  I put an offer in on a 1984 missile I saw on ASO two years ago but the owner wouldn't budge on the price.  I had been watching it for a year before I made my offer.. And it's still listed on ASO today.  I would not classify that guy as a "motivated seller" (either that, or he hasn't had any other offers... Unlikely...)

[74657]

I called on that same Missile before I bought mine.  Really nice guy but wants to get out of it what he thinks it's worth.  I valued it at around the current asking price but that was back in Sept. 2010.  I haven't kept up with aircraft values since I bought mine.

George - I thought you were going to buy mine!  It's getting a brand new paint job this winter.  I hope you like Deep Impact Blue.

[johnggreen]

Cruiser,

Remember the political ad, "It's the economy, stupid."

Not calling anyone stupid, but in this case, "It's the market stupid." and the market sucks.  From everything I can read, the aircraft market is softer now than in the first quarter and 1/3 of aircraft owners plan to sell in the next 12 months.

I am probably going to list my Bravo so I can move back to a twin, but, in truth, it is futile right.  I probably don't have a 20% chance of selling at a price I will accept.  The only real option I have is to go ahead and buy the twin because they are giving them away.

You asked a question; a hard question.  I will give you an opinion.  You have less than a 10% chance of getting over 100m in 2012.  That's my opinion.  Good advice; fly and enjoy.

Jgreen

[GeorgePerry]

Quote: 74657

George - I thought you were going to buy mine!  It's getting a brand new paint job this winter.  I hope you like Deep Impact Blue.

[alex]

Quote: johnggreen

Cruiser,

Remember the political ad, "It's the economy, stupid."

Not calling anyone stupid, but in this case, "It's the market stupid." and the market sucks.  From everything I can read, the aircraft market is softer now than in the first quarter and 1/3 of aircraft owners plan to sell in the next 12 months.

I am probably going to list my Bravo so I can move back to a twin, but, in truth, it is futile right.  I probably don't have a 20% chance of selling at a price I will accept.  The only real option I have is to go ahead and buy the twin because they are giving them away.

You asked a question; a hard question.  I will give you an opinion.  You have less than a 10% chance of getting over 100m in 2012.  That's my opinion.  Good advice; fly and enjoy.

Jgreen

[jetdriven]

That's really depressing.