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Old 09-28-2022, 04:56 PM   #1
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The time has come to sell the RV - how?

My wife and I had a long talk today, and the bottom line is that she's just not into it like she was in the past. We're using it less and less, and I just can't justify the expense of storage, maintenance, etc if we're not going to use and enjoy it.



I'd prefer to sell it myself if possible, as I would hate to unncessarily lose 10% of the sales price to a consignment company. Problem is, I have never sold one of these. I can certainly shop around and look at comparible sales to come up with a fair price for it, and I know I can list it on here and some of the more popular on line sales site. The question becomes, then what? I keep it at a storage yard. For you guys who are or have been in this situation, how did you go about showing it? There are no hookups at the storage yard other than 110v 20a for the battery charger. There isn't even a wash rack there to clean it up. Do I just drive it to my home and show it there on gen power? Do I rent a spot at a local RV park to show it at? This is the part I'm confused about. I certainly want it to look it's best when someone comes to see it.



Anyone who has sold their own, your tips on the best way to do so within the above limitations would be gratefully welcomed. I'm so sad to see it go, we had some great times in it. Whoever buys it will be getting a great rig that has been papered and maintained.
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Old 09-28-2022, 06:39 PM   #2
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I just sold our coach on RVTrader. I listed it with several pictures and a description. I also had complete service records for the chassis and house. A fresh wash and wax job didn't hurt. A buyers first impression is very important. They will form an opinion in the first two minutes. If they like what they see up front, you're half way to a sale. Take the time and effort to make it look better than when you bought it. Don't price it too high. It's not worth what you think. It's worth what a buyer is willing to pay. The key is finding that compromise amount. Check prices on similar years and models to get a price range of what's on the market. It will depend on how anxious you are to sell. I priced mine in the upper end for it's price range. I didn't get any seriously interested replies. When I dropped it just 5%, it sold to the first buyer. Depending in the surroundings, it would be best to show it in an open shaded area if possible.
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Old 09-28-2022, 07:05 PM   #3
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I just sold our coach on RVTrader. I listed it with several pictures and a description. I also had complete service records for the chassis and house. A fresh wash and wax job didn't hurt. A buyers first impression is very important. They will form an opinion in the first two minutes. If they like what they see up front, you're half way to a sale. Take the time and effort to make it look better than when you bought it. Don't price it too high. It's not worth what you think. It's worth what a buyer is willing to pay. The key is finding that compromise amount. Check prices on similar years and models to get a price range of what's on the market. It will depend on how anxious you are to sell. I priced mine in the upper end for it's price range. I didn't get any seriously interested replies. When I dropped it just 5%, it sold to the first buyer. Depending in the surroundings, it would be best to show it in an open shaded area if possible.
I’d like to know how you handled the sale! Did they give you a a deposit and was it refundable if the coach didn’t meet their expectations? Was it a local or long distance sale?

Thanks
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Old 09-28-2022, 07:49 PM   #4
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I went the same route as "Crasher," and had the same experience. Local buyer, no deposit. Buyer financed; if I had to do it over, I'd prefer a cash-in-hand buyer. Spent three weeks going over everything with a fine-toothed comb before I put it up for sale.

Stored and showed the coach in my driveway; don't know what to suggest if you can't do that at your house. Perhaps agree to show it at some large parking lot in a decent location? I wouldn't want to do that in a storage lot, if I could avoid it. No "curb appeal."

Oh yes- I delivered the coach and toad (sold together) to the buyer, so they wouldn't have the stress of driving the new-to-them rig to their storage location. It took an hour-and-a-half. On our first coach I drove under four hours to deliver. I don't think I would deliver for long-distance buyer. One nice benefit of delivery is that you don't have to roll until you are completely satisfied the deal is done. It's not like having someone standing in your driveway, holding an unconfirmed check and asking to "borrow" your license plates to get down the road.

On the other side of the transaction, I bought both of my coaches long-distance, the first sight-unseen and the second after flying 800 miles to see it. I don't remember placing deposits on either, but then again I can't remember what I had for lunch today.
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Old 09-28-2022, 08:10 PM   #5
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Nearly identical experience to Crasher when we sold ours through RVTrader.

Sold to private party for cash. They gave $5,000 deposit but we held it and didn't cash it, we felt good about the buyer.

Showed it at our storage unit with others around. Went to bank with them for cashier's check. Did not tell them how to make check out until we got there so we knew it was a "safe"check. (Our friend took a cashier's check for his custom truck once that turned out to be stolen.)

Had no problems at all.

There actually are still some very good people out there still.
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Old 09-28-2022, 08:30 PM   #6
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I recently sold mine as well. And in line with all the responses so far. I listed it in the local newspaper, Craigslist and then Facebook marketplace for 2 days and that's where the buyer responded from. They looked at it on a Sunday called me the next day and asked if I would hold it for them till their sold house closed with a holding deposit. On the day of the sale we met at their local bank and I got a cashiers check. Then we went and I changed the oil and fuel filters so they could see how easy it was. Plus they were driving across the country to Florida to live there. God bless and protect them from Ian.

Your last sentence is exactly how you will be able to sell it yourself. Pampered and maintained. You are your best salesman to sell your RV. I highly recommend not using a consignment lot. Clean it thoroughly inside. Being at an offsight location may pose a hassle but the generator can provide the power you need to run the equipment. Best of luck.
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Old 09-29-2022, 07:48 AM   #7
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Thanks all - that's all great info and greatly appreciated. I have a follow up question.

Our original plan was to keep the rig for about 4-5 years and then move on. Because of that plan, I treated it as more of a rental and therefore purchased it with a loan rather than write a check. In Texas when you have a loan on a vehicle, the State keeps the title until the loan is satisfied, then the title is released to the owner. Have any of you sold a rig without title in hand? How did you arrange payment to the loan company to get title released? I'd have to sell securities with associated heavy tax implications to pay the loan off myself, and I obviously prefer not to have to do that. Any alternatives? In short, what would the process be of having the buyer pay for the rig and get title later? I know it's done commonly but I don't know how. Surely there has to be some sort of protections to the buyer.

Darn, I'm going to miss this thing.
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Old 09-29-2022, 07:50 AM   #8
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Quote:
Originally Posted by sgt1577 View Post
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Iíd like to know how you handled the sale! Did they give you a a deposit and was it refundable if the coach didnít meet their expectations? Was it a local or long distance sale?

Thanks
They drove 90 miles to look at it. We still had our things in it, as I didn't expect it to sell till we were back at our AZ home for the winter. After they asked questions and spent some time in it themselves, they gave me a deposit check. After looking through the service records since new, he determined an outside inspection wasn't needed. The sale of their home was a week later when they came back with a cashiers check. They had a few "learning" issues, so I made two trips to them to clarify and explain the systems again. He was happy with the purchase and we are happy with the sale.
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Old 09-29-2022, 07:56 AM   #9
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For title on a rig with a loan, it's exactly like a car with a loan. There's a couple of ways to handle it. Last time I bought a car from a private party that had a loan on it, we just drove to the bank with the loan and did our transaction there. The bank got its money, the seller got the rest and I got the title. I don't quite recall, but I think the seller called the bank ahead of time to have everything in place. Seems like it would be wise to call the lender and find out what they need ahead of time.
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Old 09-29-2022, 07:56 AM   #10
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Thanks all - that's all great info and greatly appreciated. I have a follow up question.

Our original plan was to keep the rig for about 4-5 years and then move on. Because of that plan, I treated it as more of a rental and therefore purchased it with a loan rather than write a check. In Texas when you have a loan on a vehicle, the State keeps the title until the loan is satisfied, then the title is released to the owner. Have any of you sold a rig without title in hand? How did you arrange payment to the loan company to get title released? I'd have to sell securities with associated heavy tax implications to pay the loan off myself, and I obviously prefer not to have to do that. Any alternatives? In short, what would the process be of having the buyer pay for the rig and get title later? I know it's done commonly but I don't know how. Surely there has to be some sort of protections to the buyer.

Darn, I'm going to miss this thing.
The simplest way is for both parties to go to the title holder. The buyer pays the lien holder who satisfies the lien and refunds balance back to you. I as a buyer would never give payment without a clear title. I as a seller would never give up possession without the cash.
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Old 09-29-2022, 08:54 AM   #11
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From my own personal experience selling RV's, cars, trucks or anything else I have found "First impressions are the longest lasting". Have whatever you are selling in the best ready to roll and cosmetic condition as possible.
Point out all the maintenance and replacement parts you have done or used. If whatever you are selling may need something in the future point it out. Be as honest as you possibly can. Never lie to anyone about anything. You can be sued for misrepresentation if a deal goes sour.
Remember a clean old unit will look better than a dirty newer unit. Nary a spot of dirt either inside or out. Have everything in order to go.
Titles and liens can be a pain. Especially if you are dealing with finance companies or banks out of town or a long distance away. Try to get your ducks in a row with the financing before you advertise your whatever for sale. Advise the lender you intend to sell and get their input of how to best handle your situation. This can save time and aggravation on both ends. Never sign or transfer anything until both parties involved are satisfied the deal is clean. Cash is King but not everyone is in the position where they can swing the price and financing is necessary. When financing, it is helpful if both parties can meet at the bank face to face and each party can leave with all the paperwork in hand including a "Good" check. If something doesn't look or feel right put everything on hold until steps have been taken to satisfy both parties involved. The last thing you want to do is stand there and wave bye bye to your property and be holding a worthless check or money order or take something in trade with an unpaid mortage on it.
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Old 09-29-2022, 09:28 AM   #12
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Well, it looks like I might be in a bit of a pickle and I have only myself to blame. When I did the fianancing I used an on line popular RV financing specialist. They transferred the loan to a legit popular bank (Fifth Third) that has zero branches in Texas or anywhere close to Texas. Now I have to figure out how to handle this.

I can't meet the buyer at the branch because I have no branches anywhere near me. Perhaps by a very long shot the buyer lives near a branch by where they are and I can arrange something like that. Telling the buyer to pay me and trust me to get them the title is understandably not going to work.

Unless I can come up with some sort of escrow type service that I'm not aware of, I may need to use a consignment type place just to handle the transfer of title. Are any of you aware of something similar to an escrow service that can be used to give the buyer assurance of delivery of title after payment? If not, unless you guys have any better ideas, I'll have to use a consignment service to handle the sale and transfer of title. Selling the securities I would need to sell to just pay off the loan would be extremely punishing in penalties and taxes. It would be cheaper to pay the consignment house. If I understand correctly they typically get 10% of the sale price, is that fairly accurate?

Again, I have no one but myself to blame for this. I should have thought ahead on this but I didn't.
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Old 09-29-2022, 09:35 AM   #13
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Doug427-

Here are the posts that result from a search for the terms "title" and "escrow." Some may help you find an escrow service.
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Old 09-29-2022, 10:23 AM   #14
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I have sold 2 coaches direct to another consumer myself. No issues! Like Crasher and many have said on this post, do your due diligence, don't b/s, don't be b/s'ed by the buyer, and don't take anything for granted. My experiences were both long distance with many pictures and phone calls. Underpromise and overdeliver! When they finally came out, they were more then impressed and bought on the spot. I had the title and I retained possesion of rig and title until all funds were in my accont and confirmed by my bank. On a side note, I recently bought another rig private party, long distance. Did as above and had no issues. Patience, due diligence and go with your gut.

A brief funny story. One buyer came and ready to buy. We took it for a drive and he was pulled over. NHP said he was going to slow and weaving. Thought a drunk driver! (What a surprise, we are in Las Vegas) He had me drive it back and was no longer interested. Changed his mind and was going to look for a much smaller gas rig.
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