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Old 10-18-2014, 07:07 AM   #1
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Payment for sale of motorhome

We are in the process of selling our MH. What is the safest way of getting paid. Certified check, cashiers check? I never sold anything this expensive before, except a house. Thanks
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Old 10-18-2014, 07:11 AM   #2
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Have the money wire transferred to your bank! Check w/ your bank to be sure they have cleared it for use! You could also use a lawyer or escrow co to do the closing of funds transfer!
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Old 10-18-2014, 07:27 AM   #3
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Have the money wire transferred to your bank! Check w/ your bank to be sure they have cleared it for use! You could also use a lawyer or escrow co to do the closing of funds transfer!
I went to the bank (Wells Fargo) and I was advised to open a seperate savings account and make sure that account is not linked to any other account. Have the prospective buyer wire the money to that account number with a statement attached it is for the purchase of the motor home we are trying to sell. They said to have the buyer put the info about the motor home in the wire transfer as a precaution. The money is usually in the account immediatly and the buyer cannot get it back after 24 hours.
[Moderator Edit]
Good luck on selling yours.
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Old 10-18-2014, 08:34 AM   #4
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Wire transfer into your account. It is an easy process.
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Old 10-18-2014, 08:37 AM   #5
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Originally Posted by bizsoc321 View Post
We are in the process of selling our MH. What is the safest way of getting paid. Certified check, cashiers check? I never sold anything this expensive before, except a house. Thanks
Cash

Thats what I did
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Old 10-18-2014, 08:38 AM   #6
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Cash.
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Old 10-18-2014, 08:42 AM   #7
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My Thoughts on this.....

Quote:
Originally Posted by bizsoc321 View Post
We are in the process of selling our MH. What is the safest way of getting paid. Certified check, cashiers check? I never sold anything this expensive before, except a house. Thanks
Selling or buying, I would not pay for anything with a large price tag without seeing it in person, just as I would not expect a person that is buying something from me to pay for it before seeing what he is buying........so, buying or selling, I get a Certified Check(Corporate check) from my financial Institution when buying......then ask the seller the name and number of their Financial Institution and I call and talk to the Manager of that Bank, tell him/her what is going on and about the form of payment that is going to come to them and get the heads up OK. Never been a problem for me, but as I posted, I do not want to pay for nothing before I lay my hands on it and look it over, nor would I expect you to pay for anything I was selling before you look it over and see it.........
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Old 10-18-2014, 09:07 AM   #8
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When I bought mine, we were out of town at a branch of our bank. We had the branch prepare a cashier's check and the branch manager called the seller's bank branch manager...who in turn called the seller with the okay to proceed. Everybody was happy with that warm, fuzzy feeling.

Cash? You gotta be kidding....
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Old 10-18-2014, 10:05 AM   #9
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Cashier checks along with certified checks can be counterfeited very easily. Wire transfer only, just like happens when you buy or sell a house.
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Old 10-18-2014, 10:08 AM   #10
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Cashier checks along with certified checks can be counterfeited very easily. Wire transfer only, just like happens when you buy or sell a house.

X2. That's the way mine was paid for.
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Old 10-18-2014, 10:14 AM   #11
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Cashier checks along with certified checks can be counterfeited very easily. Wire transfer only, just like happens when you buy or sell a house.
As to why the 2 bank manager's talk to each other.........
in one quick phone call.......15-30 seconds.....done.Wire transfer would also work through routing numbers if one chooses to divulge their number to the buyer.......so he can do the transfer to him......or maybe the bank personal could call each other with the numbers.......How exactly do you do a wire transfer safely without giving up your routing number to your account? I am just asking as I have never done one........wanting to learn
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Old 10-18-2014, 10:41 AM   #12
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What's the problem with the routing #. It's on all your checks.
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Old 10-18-2014, 10:44 AM   #13
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What's the problem with the routing #. It's on all your checks.
Good point Cliff, like I said....learning......Thanks!
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Old 10-18-2014, 04:40 PM   #14
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I would only accept a direct transfer of funds between their bank and your bank, no exceptions! Cashiers checks and money order can be forged.
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