Selling Procedure - Page 2 - Fiberglass RV


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Old 04-25-2013, 08:48 PM   #15
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Cash still works!
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Old 04-25-2013, 08:55 PM   #16
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Yeah, but who wants to travel for 3 days with that large of sum?
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Old 04-26-2013, 08:59 AM   #17
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Have them arrange to pick up the cash at a local bank the day before they arrive. And, at least here in CA, Banks are open on Saturdays.
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Old 04-26-2013, 02:24 PM   #18
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There aren't any branches further east, I looked (they are on the west coast).
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Old 04-26-2013, 02:39 PM   #19
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Quote:
Originally Posted by RachelW View Post
How do you all handle transactions over the weekend. The banks will be closed so we will be unable to verify funds by calling their bank. Or do you just hope it's one of the 99.99% that is a-ok? Or do you hold it until funds are verifyed and overnight it to them?

ETA, why do you pull your plates?
Nothing leaves my possession until the money is securely in my hands. If folks are coming on a weekend, they can either bring cash, a bank draft without a hold, or come back when their personal check clears.

Liability protection note specific to Washington State:

In cases where the seller has a clear paper Title-in-hand, there's a release-of-interest form on the back of that document. Information is entered there as to the name of the new owner. State Law requires the seller to complete and transmit that release immediately, upon which action the seller is automatically released from all interest in/liability for the vehicle.

The plates go with the vehicle.


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Old 04-26-2013, 02:45 PM   #20
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Thank you! I did call their bank and they have one branch that has Sunday hours and will verify the check if they arrive before 6pm my time. They are going to be travelling 8-9 hours on Sunday, so hopefully they get an early start and they are morning people. I expect them to call tonight or tomorrow night so I'm going to mention to them if they could get here before 6, or give me the check info via phone so I can call ahead of time, then double check the numbers match upon arrival.
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Old 04-26-2013, 03:05 PM   #21
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Wouldn't it be simpler to have their bank deal directly with your lender? You might be able to persuade the buyers that this would be in their best interest.

Putting on my Devil's Advocate hat for a minute:

Frankly, and nothing personal, if I was buying something that money was owed on I'd insist on paying that amount directly to the lienholder since they're the only ones that can provide me with the actual Title.

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Old 04-26-2013, 03:47 PM   #22
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I would not cancel the insurance until you get a lien release from the bank and the title is transferred. Might cost you $5 to keep it in effect for a week but worth it. I'd also draw up a bill of sale and specify sold as is without any recourse to you. Get a certified check or have them send the payment to your lien holder. Then you will receive the title and you
will need to sign over to the new owners. By then you will know if the check is any good, if not you still have the title and can then press charges to retrieve your unit back. Without a title, the new owners can not register the unit, so that is your safety reserve until the money is good.
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Old 04-26-2013, 03:57 PM   #23
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There is no loan on our Scamp.

Our need to verify is just to verify that it's not a fake cashier's check. I guess we could hold the title and overnight it to them, but that'd be a much bigger hassle than just being able to verify the check is real.
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Old 04-26-2013, 04:01 PM   #24
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OOPS!

Sorry, Rachel- got you mixed up with the O.P., who does have a loan...

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Old 04-26-2013, 05:00 PM   #25
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Another good reason to start your own thread instead of jumping in with questions.
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Old 04-26-2013, 05:35 PM   #26
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Might be, but then all the information on selling tips would be condensed in one area.
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Old 04-26-2013, 05:59 PM   #27
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Might be, but then all the information on selling tips would be condensed in one area.
That is why we have a search function. People start reading a thread from the top and don't realize that the questioner has changed, so the answers start not making sense because subsequent answers are based on the original question.
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Old 04-26-2013, 06:22 PM   #28
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Search functions on forums can be a pain from my experience. It's not like I went OT from the OP, I was just asking for more information on the topic.
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