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Week 0–1: Budget & LOI
Align budget in the calculator; secure a term sheet; negotiate LOI terms, deposits, and contingencies.
Week 1–3: Diligence & Prebuy
Schedule prebuy at qualified shops; review logs; agree on squawk resolution and credits. Order title search and payoff letters.
Week 2–4: Financing & Insurance
Finalize underwriting; provide documentation; bind insurance with correct lender wording; see insurance requirements.
Week 3–5: Docs & Escrow
Coordinate with escrow to prepare Bill of Sale, Registration Application, lien releases, and lender security agreements. Confirm FAA details via the FAA registry.
Closing Week
Execute documents, fund, and record. Confirm disbursements, lien releases, and delivery logistics.
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External references: FAA Aircraft Registration · FAA Registry · NBAA