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- Apr 14, 2006
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You could arrange to do the closing at your own bank, so that you can immediately deposit the cash or certified check.
Cool, thanks. The PayPal era has rendered me ignorant of banking vocabulary...Cashier's check = bank check
Certified means a bank officer attests that the funds are set aside for that check.
Here is how we did it when we sold our Casita. The buyer drove from NC to Texas to buy our RV. We went with the buyer to a local branch of his bank, and they issued us a cashier's check payable from the bank (not the buyer) right there. Totally secure.I may have a buyer for my RV (with eyes on a bigger one down the road). He will be driving in from Michigan to close the deal.
With all the warnings from Craigs List, Ebay etc. against taking money orders, cashier checks, etc. what is the best way to have him pay me for this? It's too expensive to expect cash (~$20k). And he will be driving off with it the same day, so I can't wait for a check to clear.
I do have a Paypal account but not sure that does the trick.
Any ideas to protect everyone's interests?
One problem with a wire transfer is that you have to give the buyer all your bank information.To get back to the original topic, why not a wire transfer?
One problem with a wire transfer is that you have to give the buyer all your bank information.
So the guy does all the paper preparation for a wire transfer, and I supply him with whatever he needs for my account to receive the transfer.I'll only go bank to bank Wire or Cash from now on. My bank tells me that the absolute safest thing to do is a wire. The person can fill out all the forms necessary, then call when they arrive and have the deal completed. It takes a few only a few minutes for a domestic transfer to complete.
Are you selling that small one you bought a year or two ago? I think it had a small diesel engine? If so, why sell so cheap?
No decisions made, but we're only looking at gasoline for now, Triton V10 or Workhorse in most of them.Hey Rich a little off topic but... Have given any consideration to a super C RV? Most are built on a Kodiak chev 5500 chassis while almost all the rest are on and International truck Chassis. The Kodiaks are gas or diesel,the Internationals are diesel. You might want to drive and compare prior to going straight to a class A DP.
I've sold some high end motorcycles, and I gave a zerox copy of title until check cleared, then mailed original. Also, made copy of driver's license and took a photo of buyer.
Prob. overkill, but they knew what I was going to do beforehand and never had a problem.
I mentioned this a couple days ago, went back through all the posts and can't find an answer to this question. Lets say that the transfer of funds or bank check or a suitcase full of case is all taken care of and there is not a problem with the funds. This is great if you are holding the clear title. What happens if there is a lien and you have to pay it off to get the title and the lien holder is in East Jesus, Iowa? So, how to get the funds there and get the clear title back. No bank branch in your area.