An Odyssey into Ownership (Part 1)

Grumman wrote:
Ken--

In retrospect, you're right. I had read stories quite similar to
mine--not the least of which was yours--but I guess I thought the
circumstances were enough different that the outcome would be more
favorable. There were clues along the way that should have set off the
alarm bells, but I either didn't see them or simply ignored them
altogether.

As it turned out, I did have a great time in Scottsdale. I saw a
longtime friend whom I hadn't seen in over seven years, had dinner
with him and his wife, and learned a great lesson about airplane
brokerages. I also had the ideal plane to inspect, since there was so
much wrong with it, both airframe and engine.

I suppose that the classic warning signal--whether buying airplanes or
houses or maybe cars--is a price that is substantially below market.
Every airplane I looked at that was priced low had some problem that
ultimately excluded it from the list of viable candidates.


Michael
Grumman 46U

On Thu, 01 Mar 2007 00:04:47 GMT, Ken Reed wrote:

It is now mid-December, and an airplane broker in Arizona is
advertising a Tiger. The price was below average, but the explanation
is that "we just want to move it and not let it sit around." The
pictures looked OK, and it had decent avionics. The plane wasn't in
Arizona yet but would be soon. I thought it might be worth a look, so
I wired money to place a hold on it.

Bad move. A search of the archives will reveal my story about Barron
Thomas, as well as Blanche's and others.
---
Ken Reed
M20M, N9124X

I bought my Tiger through a broker (not in Arizona).

The guy's I used were quite helpful through the entire process and
handled all the haggling over issues found in the prebuy.

I wouldn't hesitate to refer others to them or use them again myself.

Like everything else in life, there are good guys and bad guys.

--
Jim Pennino

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