Buying
An AirplaneResearch · Buy · Own
Step 05 of 9

Search the market — and the hidden market

The airplanes listed for sale are a fraction of the airplanes actually available. Plenty of owners would sell for the right number and have never posted an ad.

Time
Weeks to months
Cost
Free to search
Aerial view of a runway

Start with the listing sites, because that is where the visible inventory is and where you learn what things actually sell for. Set alerts, watch for a couple of months before you are ready to buy, and pay attention to which airplanes sit and which disappear in a week. That pattern teaches you the market faster than any price guide.

Read a listing like a mechanic

Photos tell you as much about the seller as about the airplane. A complete set taken in good light — panel, engine compartment, belly, interior — says someone with nothing to hide. Four photos from one angle on a grey day says something else. Missing belly shots are a flag. So is a listing that quotes total time but not time since overhaul.

Numbers to pull out of every listing before you call
NumberWhat you are looking for
Total time (TT)Airframe hours — very high and very low both deserve a question
Since major overhaul (SMOH)Engine hours since the last overhaul, against the recommended TBO
Since new or factory (SNEW / SFRM)Whether the engine is original, factory rebuilt, or field overhauled
Annual dueHow much inspection you are buying, versus how soon you are paying for one
Damage historyAny answer other than none needs paperwork, not a description
AvionicsADS-B compliance, IFR certification date, and whether the panel is still supportable

The hidden market

A large share of airplanes change hands without ever being advertised. Type club forums, airport bulletin boards, the flight school office and word of mouth at the fuel pump move more of the fleet than most buyers realise. An owner thinking about stopping flying, or moving up, or whose medical is in question will often sell to a person standing in front of them rather than deal with an ad.

Walk your home field and the two nearest ones. Look for airplanes with flat tires, chalky paint, and a tie-down that has not moved in a year, then find out who owns them. Be polite, be direct, and be ready to be told no. It is a numbers game and the numbers are in your favour, because almost nobody bothers.

Asset needed · photo

A tied-down airplane that has clearly not flown in a long time — faded paint, cockpit cover, weeds at the tire. Melancholy but hopeful. This is the hidden-market image and it does a lot of storytelling work in one frame.

  • Watch the market for two months before you are ready to buy
  • Judge the seller by how complete the photo set is
  • Pull TT, SMOH, annual due and damage history from every listing
  • Walk your local ramps and ask — most of the fleet never gets advertised

All nine steps