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selling a plane

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sarg314(at)gmail.com
Guest

Posted: Sun May 04, 2014 2:24 pm Post subject: selling a plane

I am contemplating the sale of my RV-6A.  I recall some years ago seeing some sample sales agreement forms on the EAA website.  Today I can only find some good articles about selling your plane there, but no actual templates for such a transaction.

 



I observed the sale of a plane once and recall there were some FAA-required forms involved that I had never seen before (transfer of registration, I guess.)

Can any one who has been through this process give me some advice?  Steer me to a website perhaps or tell me why I'm nuts to try to do it without a lawyer/airplane broker involved? 



Thanks,



-- 

Tom Sargent 



  [quote][b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

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n223rv(at)wolflakeairport
Guest

Posted: Sun May 04, 2014 3:20 pm Post subject: selling a plane

There was just a thread on this a couple of weeks ago.  You should be able to search the archives.  Try the RV List or the RV-10 List.

-Mike



Sent from my iPhone



On May 4, 2014, at 6:23 PM, Thomas Sargent <sarg314(at)gmail.com (sarg314(at)gmail.com)> wrote:

[quote]I am contemplating the sale of my RV-6A.  I recall some years ago seeing some sample sales agreement forms on the EAA website.  Today I can only find some good articles about selling your plane there, but no actual templates for such a transaction.

 



I observed the sale of a plane once and recall there were some FAA-required forms involved that I had never seen before (transfer of registration, I guess.)

Can any one who has been through this process give me some advice?  Steer me to a website perhaps or tell me why I'm nuts to try to do it without a lawyer/airplane broker involved? 



Thanks,



-- 

Tom Sargent 



   	  Quote: 	
		  

	


[b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

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lyleapgmc

Joined: 19 Feb 2014
Posts: 57

Posted: Sun May 04, 2014 3:56 pm Post subject: selling a plane

Look at this FAA site:

     

     http://www.faa.gov/documentLibrary/media/form/ac8050-2.pdf

     and this:

     

     www.faa.gov/documentLibrary/media/form/ac8050-2.pdf

     

     The links look very similar but should get you to two different     forms, the Bill of Sale and the Sales Agreement.

     

     -- Sent from my Gateway E4610D     Lyle     

     

     On 5/4/2014 6:20 PM, Michael Kraus       wrote:

     

     [quote]              There was just a thread on this a couple of weeks ago.  You         should be able to search the archives.  Try the RV List or the         RV-10 List.

       

       

       -Mike

         

         Sent from my iPhone

       

         On May 4, 2014, at 6:23 PM, Thomas Sargent <sarg314(at)gmail.com (sarg314(at)gmail.com)>         wrote:

         

       

        	  Quote: 	
		                                                  I am contemplating the sale of my RV-6A.  I recall                 some years ago seeing some sample sales agreement forms                 on the EAA website.  Today I can only find some good                 articles about selling your plane there, but no actual                 templates for such a transaction.

                 

               

               I observed the sale of a plane once and recall there were               some FAA-required forms involved that I had never seen               before (transfer of registration, I guess.)

               

             

             Can any one who has been through this process give me some             advice?  Steer me to a website perhaps or tell me why I'm             nuts to try to do it without a lawyer/airplane broker             involved?                                             

                 

                 Thanks,

                 

                 -- 

                   Tom Sargent                 

               

             

           

            	  Quote: 	
		  

	
         

       

	
     [b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV-List

vincefrazier(at)gmail.com
Guest

Posted: Mon May 05, 2014 5:13 am Post subject: selling a plane

SNIP

 	  Quote: 	
		   

 ________________________________  Message 1  _____________________________________

 

 

 Time: 03:24:45 PM PST US

 Subject: selling a plane

 From: Thomas Sargent <sarg314(at)gmail.com (sarg314(at)gmail.com)>

 

 I am contemplating the sale of my RV-6A.  I recall some years ago seeing

 some sample sales agreement forms on the EAA website.  Today I can only

 find some good articles about selling your plane there, but no actual

 templates for such a transaction.

 

 I observed the sale of a plane once and recall there were some FAA-required

 forms involved that I had never seen before (transfer of registration, I

 guess.)

 

 Can any one who has been through this process give me some advice?  Steer

 me to a website perhaps or tell me why I'm nuts to try to do it without a

 lawyer/airplane broker involved?

 

 Thanks,

 --

 Tom Sargent

	
SNIP



Tom,

Your best bet for a safe transaction is to use an escrow service.  There are many.  I have used AIC Title Services in the past and felt it was money well spent. A Google search will find several.

 



There are many pitfalls to selling (or buying) a plane.  It isn't like a car because the FAA doesn't issue a title, just a registration.  The registration, or de-registration, doesn't necessarily protect you from claims.  Transferring the money is always a problem.  A escrow service eliminates many of the problems.  Check it out.  

 



A few hundred bucks is well worth the paperwork and funds being handled professionally.

Vince



www.flyboyaccessories.com  -  RV tailwheels and many other nifty RV products.

 



  [quote][b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV-List

jfogarty(at)tds.net
Guest

Posted: Mon May 05, 2014 9:45 am Post subject: selling a plane

Tom,  There are forms on the www.faa.gov site.  You will need to transfer the title to the new buyer.  Form 8050-2



Jim



 



On Mon, May 5, 2014 at 8:10 AM, Vince Frazier <vincefrazier(at)gmail.com (vincefrazier(at)gmail.com)> wrote:

 	  Quote: 	
		   SNIP

 	  Quote: 	
		   

 ________________________________  Message 1  _____________________________________

 

 

 Time: 03:24:45 PM PST US

 Subject: selling a plane

 From: Thomas Sargent <sarg314(at)gmail.com (sarg314(at)gmail.com)>

 

 I am contemplating the sale of my RV-6A.  I recall some years ago seeing

 some sample sales agreement forms on the EAA website.  Today I can only

 find some good articles about selling your plane there, but no actual

 templates for such a transaction.

 

 I observed the sale of a plane once and recall there were some FAA-required

 forms involved that I had never seen before (transfer of registration, I

 guess.)

 

 Can any one who has been through this process give me some advice?  Steer

 me to a website perhaps or tell me why I'm nuts to try to do it without a

 lawyer/airplane broker involved?

 

 Thanks,

 --

 Tom Sargent

	
SNIP



Tom,

Your best bet for a safe transaction is to use an escrow service.  There are many.  I have used AIC Title Services in the past and felt it was money well spent. A Google search will find several.

  



There are many pitfalls to selling (or buying) a plane.  It isn't like a car because the FAA doesn't issue a title, just a registration.  The registration, or de-registration, doesn't necessarily protect you from claims.  Transferring the money is always a problem.  A escrow service eliminates many of the problems.  Check it out.  

  



A few hundred bucks is well worth the paperwork and funds being handled professionally.

Vince



www.flyboyaccessories.com  -  RV tailwheels and many other nifty RV products.

  



   	  Quote: 	
		  



t="_blank">http://www.matronics.com/Navigator?RV-List

tp://forums.matronics.com

_blank">http://www.matronics.com/contribution



	
	




-- 

Jim Fogarty

Lakes and Leisure Realty, Inc.

8636 Bluebird Lane

Breezy Point, MN 56472

218-380-3784

 

  [quote][b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV-List

rhdudley1(at)bellsouth.ne
Guest

Posted: Tue May 06, 2014 5:52 am Post subject: selling a plane

Tom,

       

       I sent  a copy, to your e-mail address of a sales agreement, that       was on the EAA website several years ago and I used to sell my       RV-6A. Perhaps it went to your trash bin. I will send it again, if       you would like.

       

       Regards,

       

       Richard Dudley

       

       On 5/4/2014 6:23 PM, Thomas Sargent wrote:

     

     [quote]                           I am contemplating the sale of my RV-6A.  I recall some             years ago seeing some sample sales agreement forms on the             EAA website.  Today I can only find some good articles about             selling your plane there, but no actual templates for such a             transaction.

             

           

           I observed the sale of a plane once and recall there were some           FAA-required forms involved that I had never seen before           (transfer of registration, I guess.)

           

         

         Can any one who has been through this process give me some         advice?  Steer me to a website perhaps or tell me why I'm nuts         to try to do it without a lawyer/airplane broker involved?                                 

             

             Thanks,

             

             -- 

               Tom Sargent             

           

         

       

        	  Quote: 	
		  

	
     [b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV-List

sarg314(at)gmail.com
Guest

Posted: Tue May 06, 2014 9:52 am Post subject: selling a plane

Richard:



No need, I did get it. Thank you very much. 

And many thanks to the others that responded too.  Your input has been very valuable.

 

On Tue, May 6, 2014 at 6:51 AM, Richard Dudley <rhdudley1(at)bellsouth.net (rhdudley1(at)bellsouth.net)> wrote:

 	  Quote: 	
		                      Tom,

       

       I sent  a copy, to your e-mail address of a sales agreement, that       was on the EAA website several years ago and I used to sell my       RV-6A. Perhaps it went to your trash bin. I will send it again, if       you would like.

       

       Regards,

       

       Richard Dudley

       

       On 5/4/2014 6:23 PM, Thomas Sargent wrote:

     



      	  Quote: 	
		                             I am contemplating the sale of my RV-6A.  I recall some             years ago seeing some sample sales agreement forms on the             EAA website.  Today I can only find some good articles about             selling your plane there, but no actual templates for such a             transaction.

             

           

           I observed the sale of a plane once and recall there were some           FAA-required forms involved that I had never seen before           (transfer of registration, I guess.)

           

         

         Can any one who has been through this process give me some         advice?  Steer me to a website perhaps or tell me why I'm nuts         to try to do it without a lawyer/airplane broker involved?                                 

             

             Thanks,

             

             -- 

               Tom Sargent             

           

         

       

        	  Quote: 	
		  

	
     



t="_blank">http://www.matronics.com/Navigator?RV-List

tp://forums.matronics.com

_blank">http://www.matronics.com/contribution



	


	


-- 

Tom Sargent 

  [quote][b]

- The Matronics RV-List Email Forum -

Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:

http://www.matronics.com/Navigator?RV-List

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