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.

DownTime wrote:
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.


My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.

On Aug 5, 12:23*pm, hk wrote:
DownTime wrote:
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.

My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -

Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

wrote in message
...
On Aug 5, 12:23 pm, hk wrote:
DownTime wrote:
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.

My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -

Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

=================================

ACH maybe, not wire transfers. There is a difference, ya know.

On Aug 5, 1:38*pm, "D.Duck" wrote:
wrote in message

...
On Aug 5, 12:23 pm, hk wrote:





DownTime wrote:
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.

My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -

Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

=================================

ACH maybe, not wire transfers. *There is a difference, ya know.- Hide quoted text -

- Show quoted text -

It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic

wrote:
On Aug 5, 12:23 pm, hk wrote:
DownTime wrote:
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.
My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.- Hide quoted text -

- Show quoted text -

Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

He *and* his dealer took the check? Sounds like a repo.

"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.

Set up an account in a local bank and use it for this transaction. Don't
release the boat until you have assurance from the bank that the transaction
has completed and the funds are available to you. I have done some
significant wire transfers and all went well.

A friend went to check out a flawless 25 ft Bilgeliner... Luckily, he
called a local Marina to set up a slip for the boat. The boat was
immaculate. The Marina operator asks " Is that the Green Bilgeliner in
the Boat For Sale Mag."?
He said yes, and the dude says " Stay away from it, it's needed a
transom for 10 years"
From the appearance of the boat, you would'nt think so.

On Aug 5, 12:37*pm, wrote:
A friend went to check out a flawless 25 ft Bilgeliner... *Luckily, he
called a local Marina to set up a slip for the boat. The boat was
immaculate. The Marina operator asks " Is that the Green Bilgeliner in
the Boat For Sale Mag."?
He said yes, and the dude says " Stay away from it, it's needed a
transom for 10 years"


Ah, so what? Harry's brand new Parker needs a transom too!