"DownTime" wrote in message
. ..
Just curious to know if anyone here has recently had a negative experience
in either buying or selling a boat. I have mine listed for sale, and a
potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


I sold a 52' Navigator for a bunch of money and accepted a personal check
that he sent in the mail.
Of course, he didn't move the boat for another four months because it was in
the middle of January. I figured that was safe.

Wire transfer is about the safest bet now-a-days, but even that has the risk
of exposing your bank account number.
I opened a seperate bank account and deposited the minimum amount of money
to keep it open. That account was intended to be used only for incomming
wire transfers. Problem is, I never used it, forgot about it and
eventually the monthly service fees exceeded the initial deposit I had made.
I got a notice from the bank saying my account was over drawn. Not
knowing *what* account they were talking about caused some nervous moments
until it was identified.

Eisboch