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Old 03-26-2015, 07:45 AM   #1
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Exclamation Warning for those selling your Airstream

just wanted to share my experience with my fellow streamers to hopefully help someone else not fall into the trap. my airstream was for sale in the early part of the year. no longer for sale. had a buyer call and ask and was a little pushy, no problem. the buyer came to look at the unit and was satisfied, then the buyer left a deposit of a personal check "first clue". frequent conversations with the buyer and frequent request from the buyer. "asking for delivery" , etc. still no problem. then the buyers stopped payment on the deposit check. Deal canceled. I just wanted to let any unsuspecting seller that if your gut tells you to get out then run like crazy. my guy was telling me that during the talks and i did not listen. i just hope this doesn't happen to anyone else.
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Old 03-26-2015, 07:53 AM   #2
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Deal in cash!
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Old 03-26-2015, 08:40 AM   #3
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Sounds like somebody got cold feet or a better deal. Next time tell the buyer that you'll hold the trailer for them once their check has cleared and put a time limit on it.

I paid my deposit with a check but I would have gone to the bank with the guy and paid him cash if he had asked. I didn't pick up the trailer for a couple weeks so he had time to cash it. I paid with a cashier's check when I picked up the trailer.

I wouldn't let the trailer go until the check had cleared, cash or certified funds. I'd also tell them they had to arrange their own transportation, no delivery service.
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Old 03-26-2015, 08:44 AM   #4
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From my perspective, having a personal check for a deposit is fine as long as it can be verified and payment guaranteed by my bank. I would not hold something for more than a few days based upon this, but if it is just ernest money, no problem.

People do change their mind, and that is about life. I think all communications need to be in writing and signed, as a letter of intent, if personal contact is made prior to final delivery. Also, my policy is to always do the final delivery at my bank, and the buyer's certified check will be confirmed as genuine by my bank prior to delivery. There are many counterfeit cashier's checks out their and the only way to verify a check is to call the phone number on the bank's website, not the phone number on the check.

I fully agree about the "buyer beware" as I have seen many scams attempted in my selling big ticket items.
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Old 03-26-2015, 09:41 AM   #5
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Certified check. You can call the issuing bank to verify it is good. Can also have them work through your bank for a legal deposit.
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Old 03-26-2015, 10:55 AM   #6
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I agree. I would want cash for a deposit or it isn't off the market until the check clears. I would also prefer cash for the balance, but might accept a bank check if the buyer would accompany me to my bank to have the check certified by my bank calling the issuer to guaranty the amount.

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Old 03-26-2015, 11:21 AM   #7
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Quote:
Originally Posted by nursematt View Post
just wanted to share my experience with my fellow streamers to hopefully help someone else not fall into the trap. my airstream was for sale in the early part of the year. no longer for sale. had a buyer call and ask and was a little pushy, no problem. the buyer came to look at the unit and was satisfied, then the buyer left a deposit of a personal check "first clue". frequent conversations with the buyer and frequent request from the buyer. "asking for delivery" , etc. still no problem. then the buyers stopped payment on the deposit check. Deal canceled. I just wanted to let any unsuspecting seller that if your gut tells you to get out then run like crazy. my guy was telling me that during the talks and i did not listen. i just hope this doesn't happen to anyone else.
Happy Streaming,
How much time passed from the date the deposit check was handed over until they asked for delivery? Did you deposit the check immediately upon receipt? A personal is no problem, but it needs to clear the bank before my transaction would proceed.

We bought a 5er a few years ago. It was 500 miles away and the Saturday after Thanksgiving. I made sure the the Seller had a clear title in hand and I carried cash for the deal, a photo copy of my drivers license, and a bill of sale for us to complete at the transaction time.
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Old 03-26-2015, 11:24 AM   #8
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We have sold literally hundreds of items via the internet and every deal was and will be cash or PayPal - period. Deposit are all in cash/PayPal as well. Sometimes people get a little upset etc, but too bad someone will buy within our terms.
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Old 03-26-2015, 12:35 PM   #9
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I recently traveled all the way to Florida to buy our AS. The thought of taking $18k in cash seems awful risky. I used pay pal. Considering people getting shot & robbed while trying to buy a $3K car on craigslist, buying an AS in cash seems dangerous!
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Old 03-26-2015, 12:39 PM   #10
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What would you have done if the seller insisted on cash? Jim
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Old 03-26-2015, 01:06 PM   #11
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I can't imagine dealing with cash when one is selling a product that may be $20,000. I can't imagine buyer or seller would feel safe walking around with that in their pocket. There is escrow.com out there, its a service that acts as the cash middleman. It sounds particularly inviting to me when one may have to ship their rig off to a buyer and hope they are properly paid. I can imagine how nauseous I would feel if someone cancelled payment of a check after I shipped something...or vice vera...having to send money in advance and pray an item shows up if I were the buyer.
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Old 03-26-2015, 03:18 PM   #12
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If you pay someone cash, and it $10001 or more, that person has to have proof of the origin of the money for their bank. I will and have sold vehicles, campers, and other large ticket items accepting a personal check. I give the buyer a bill of sale and hold the title. When the check clears I notorize and send the title. If the check is bad, call police to report stolen and call insurance for payment. Either way, its gone and I have my money. I will not take a deposit, buyer either has the money or they dont.I would'nt pay cash, to much danger carrying that with you. If you want cashiers check, meet at their bank. Cashiers checks are as easy to fake as any other check. This was all told to me by a bank President, so I've always done it this way.
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Old 03-26-2015, 04:03 PM   #13
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I agree, anyone serious will be willing to meet at the bank and make it happen, all on the up-n-up. The last time I bought something big with cash was a car that was just under $2k. Even that amount I don't like having in my pocket to go meet strangers. Anyone who says they want to see cash before you can test drive, forget about it.
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Old 03-26-2015, 04:04 PM   #14
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I would not take it off the market or pull the ads until the purchase were complete. I would accept no less than $100, nonrefundable, for the right of first refusal. If anyone else shows up with money, I would require the first party to come and get it or give up her/his right to refuse. And so forth. Thanks for the warning!
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