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Old 09-14-2013, 08:19 AM   #29
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Can you both go to a bank?
What I have done is this.
Buyer and seller go to a bank,have the bank clerk do all necessary transfers. This is easy and painless.
I go to my bank if I am the purchaser,and I have the seller accompany me.
Remember to bring all info.
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Old 09-14-2013, 09:16 AM   #30
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Coincidently one of the websites I'm advertising on just sent me a link to escrow.com

https://www.escrow.com/Default.aspx?pid=6664

Anyone ever hear of or had dealings with them?
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Old 09-14-2013, 03:31 PM   #31
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Quote:
Originally Posted by Clifftall View Post
I'm interested to hear how others have handled the transfer of funds on an RV sale. I've heard people say they had the buyer wire the money to their bank. That's great for the seller but how is the buyer protected ? Cashiers checks are dangerous as they can be bogus or stopped. Appreciate any input on this.
My buyer offered cash ... he seemed proud that he had all brand new $100 bills.

I told him, "Fine, but both of us are still going to the bank to make sure none of the bills are counterfeit."

He got huffy, but oh well

All the bills were good, so I signed the title
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Old 09-14-2013, 03:43 PM   #32
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Quote:
Originally Posted by Gandalara View Post

My buyer offered cash ... he seemed proud that he had all brand new $100 bills.

I told him, "Fine, but both of us are still going to the bank to make sure none of the bills are counterfeit."

He got huffy, but oh well

All the bills were good, so I signed the title
I hope he has a brother
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Old 09-15-2013, 02:47 PM   #33
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If the amount is not too much (your definition may be different than others), cash is always good. Another saying I use many times dealing with old cars and parts "Cash talks and bullcrap walks". You can use a pen to check the bills, available at office supply or Wal-Mart type stores; but best method is have the bank verify no counterfeits when you deposit the amount in your account. Newer $100 bills are much better counterfeit protection measures than in past.

For larger amounts, a wire transfer is very safe. Once done, the buyer can't get anything returned. I like the two suggestions to either open same bank account and have the money transferred between accounts, or do the wire transfer and title signing at the same time, at one bank.

Since you do not have a lienholder, it is cleaner for you. No loan to pay off. Just make sure funds are good and then sign title and hand over keys!
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