mountaintraveler wrote:
I will be selling my RV a few months later and need to understand how I can safely receive a payment. I want to sell to a private party.
It's going to be selling for 40-45K.
Receiving bank wire won't work for me.
I will ask buyer to give me cashier's check of a bank that has local, branch, I think. I want to be able to go to the branch in person and cash the check and also first verify that the check is good, before I sign the title over.
Had anyone done a sale like this? What are the steps with cashier's check handling to make sure one won't get defrauded?
I read a few of the (logical) ways to handle - what should be a very simple transaction.
It appears you are making that "simple" transaction into something very complicated!
As a "mountain traveler" - I wish you all the luck making mountains out of mole hills.
My two cents: Open a savings account at a branch of the buyers bank.
Complete the sale at that bank - buyer moves the $$ from his account
to yours. (The bank can verify the funds).
Then you can Get the cash whenever you are ready - from *your* personal account.
:)
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