Selling - okay to take a personal check?
Selling my Class A DP. Is it okay to take a personal check for the funds? I DO NOT transfer title until the funds clear. Thus if the check bounces then that's fraud, perhaps even grand theft au...
Forum Discussion
DownTheAvenue wrote:
Meet the buyer at his bank and get cash directly from the bank. Then immediately buy a cashiers check with that cash. That is the safest way. That way, the buyer cannot stop payment on any check, and he has no control over any of the funds you receive. If he buys a cashier check, he can stop payment on it.
Accepting a personal check is not wise. Always meet the buyer at his bank.
Actually, the safest way is a bank wire. When your bank advises the funds have arrived, then give them the keys and sign the title. The wire can be verified as received almost instantly.
Safe travels.
