Selling Questions

Slapshottr · 11-16-2008, 05:32 AM

I will be listing my RV for sale and have a few questions concerning this. I plan on using several of the internet listing services, IRV2, and my local paper.

1. How have folks handle the transfer of money. The sale price will be in the six figure range and I was wondering if anyone has used some type of escrow account. I don't want to get burned. I feel this will also ensure the buyers protection. I do have a bank note on the motor home and will call them this week to see how they want to handle it.

2. Has anyone offered to deliver their motor home to a buyer and did you feel this increased your selling success. I can clear my schedule for a few days to deliver my motor home but would probably limit it to 1200 miles or so.

3. What are the pros and cons of using E-Bay?

Slapshottr · 11-16-2008, 05:32 AM

I will be listing my RV for sale and have a few questions concerning this. I plan on using several of the internet listing services, IRV2, and my local paper.

1. How have folks handle the transfer of money. The sale price will be in the six figure range and I was wondering if anyone has used some type of escrow account. I don't want to get burned. I feel this will also ensure the buyers protection. I do have a bank note on the motor home and will call them this week to see how they want to handle it.

2. Has anyone offered to deliver their motor home to a buyer and did you feel this increased your selling success. I can clear my schedule for a few days to deliver my motor home but would probably limit it to 1200 miles or so.

3. What are the pros and cons of using E-Bay?

GaryKD · 11-16-2008, 05:43 AM

Hi Slapshottr,

1. The finance company will have a process that will ensure the payment is valid. Just like closing on a house that has a mortgage, the mortgage holder will require a guarentee process be followed before releasing the title.

2. Providing a delivery service, to the buyer, may aid in helping the sale, but do not count on it. Most buyers, want physical possession at the time of title transfer.

3. I have no experience using e-Bay.

Steve Rankin · 11-16-2008, 03:24 PM

We listed our Beaver on Craig's list and got more action than we expected, including two actual buyers.

Our buyer was Canadian, so the coach had to be paid for before being imported into Canada. That made financing the deal impossible or at least nearly so.

Prior to making the offer, the buyer developed a sense of trust of us as sellers. They had perused our web site, especially the portion about our dogs. Since they are obsessed with their dogs, they found a definite bond with us and our dogs. Also, they had the opportunity to visit our home while looking at the coach and spent the night in the coach. They had also seen all the documentation we had on the coach and I offered to take them to the local Dept of Licensing to establish the authenticity of our ownership and the documentation. They made an offer contingent on our ability to get the necessary documents in order for importation to Canada. We kept them up to speed on our requests with Spartan and Monaco via frequent faxes, and faxed them copies of the docs as they came in. Having the manufacturer docs triggered the final payment.

We opened a new bank account just for this transaction and the buyer wired all funds to our bank from the initial deposit to the final payment. Yes, this did require more than a small amount of trust on their part.

Since the buyer wasn't licensed to drive an air brake-equipped vehicle and he couldn't obtain insurance until after the coach was in Canada, we delivered it to their home. We met at a Wal-Mart the night before we crossed the border. We walked the docs through US Customs, then I drove it to the Canadian side where we walked it through Canadian customs. Canadian customs tried to tip him over for about twice the value of the sale and I stopped being quiet and pointed out numerous reasons why their numbers were wrong. It scared the buyer 'cause he'd been in trouble with Canadian customs once before, but I didn't flinch and saved him a bunch. Knowing my numbers on the values of DPs backed me up.

It took 6 weeks to find a buyer and a bit over a month for the entire transaction & delivery process.