Here is what my mechanic and experienced pilot worked out with the seller of the plane I eventually bought. The annual would be done by my mechanic.
1. I would pay 1/2 of the cost of the annual inspection (true annual, not prebuy.) Just the inspection, not the work to correct items. The seller paid the other 1/2.
2. The seller would pay 100 percent of the cost of any items that must be corrected to meet any deficiences and make the plane airworthy.
3. I would pay 100 percent of the cost of any other items that I wanted changed, improved, or added.
