Out of State Purchase - Private Party
Hey all.....looking for advice on how to handle an out of state purchase. We're in California - coach is for sale by a private party near Dallas, TX. I definitely understand the importance of a pro...
Forum Discussion
Been there, done that:
Before leaving home, visit with your banker and (assuming you will be paying "cash") let them know that you may be initiating a wire transfer for the purchase of an RV and be sure to get the name of the bank exec you visit with as well as exact instruction on how you need to go about initiating a wire transfer.
Absolutely, after agreeing on a price, go see it first hand and have it inspected (preferably with you there to "see what he sees").
If it what you want (or reduce offer if issues, but still want it at a reduced price) verify that seller does have a "blue" Texas/clear title.
Contact your bank and wire funds to seller.
When funds arrive (usually a matter of an hour or two) and verified by seller's bank the two of you go to the Texas tax office and at least fill out the Texas Motor Vehicle Transfer Notification form (available on-line) as well as the original title. If registering in Texas, complete the registration process right there.
You take possession at this point. You now have "paper ownership" and physical possession and seller knows funds are in his bank.
Both buyer and seller are protected and, if seller not comfortable with this there is likely a BAD reason.
Before leaving home, visit with your banker and (assuming you will be paying "cash") let them know that you may be initiating a wire transfer for the purchase of an RV and be sure to get the name of the bank exec you visit with as well as exact instruction on how you need to go about initiating a wire transfer.
Absolutely, after agreeing on a price, go see it first hand and have it inspected (preferably with you there to "see what he sees").
If it what you want (or reduce offer if issues, but still want it at a reduced price) verify that seller does have a "blue" Texas/clear title.
Contact your bank and wire funds to seller.
When funds arrive (usually a matter of an hour or two) and verified by seller's bank the two of you go to the Texas tax office and at least fill out the Texas Motor Vehicle Transfer Notification form (available on-line) as well as the original title. If registering in Texas, complete the registration process right there.
You take possession at this point. You now have "paper ownership" and physical possession and seller knows funds are in his bank.
Both buyer and seller are protected and, if seller not comfortable with this there is likely a BAD reason.
