How To Handle Buyer's Cashier's Check For Large Amount

[John6185]

I am preparing to sell an Rv and the guy is from OKC (I live in OKC) and I don't want to offend him but he is going to get a cashier's check from his bank for over $20,000 and I plan on having my bank verify that the check is good before I surrender the title on the RV. I went through this once before and the buyer took offense when I asked him if I could see the check and call to make sure it was valid. I'm not giving something valued at over 20K away but I want to treat the buyer with respect and dignity as I would want to be treated. These days you can't trust even your ex-wife... How would you handle the situation?

 

[WoodsCraft]

I am preparing to sell an Rv and the guy is from OKC (I live in OKC) and I don't want to offend him but he is going to get a cashier's check from his bank for over $20,000 and I plan on having my bank check to make sure the check is good before I surrender the title on the RV. I went through this once before and the buyer took offense when I asked him if I could see the check and call to make sure it was valid. I'm not giving something valued at over 20K away but I want to treat the buyer with respect and dignity as I would want to be treated. These days you can't trust even your ex-wife... How would you handle the situation?

You call the issuing bank and verify funds . I have done this with cashiers checks before , your bank can and many times will when it is a cashiers check for a large amount,

 

[O4L]

Meet at his bank and be present as they make out the check?

Meet at his bank and get cash? He might need to let the bank know ahead of time that he will be withdrawing that much cash.

Good luck!

 

[harley128]

Meet at his bank and be present as they make out the check?

Meet at his bank and get cash? He might need to let the bank know ahead of time that he will be withdrawing that much cash.

Good luck!

This right here is what to do. I did it and it worked fine. And no, these days I don't think anyone is going to be offended when it comes to fraud/trust verification. I sure wouldn't be. Most people expect the same. I mean, after all, it's what the world has come to.

 

[ifishok]

If you were to offend the buyer to the point where they wouldn’t buy it, then they may be a scammer.

 

[OK Corgi Rancher]

We just had a large cashier's check my wife took out on her account in TX so we could put it in our acct here. The bank said there's no way to really verify the check was good and their policy is to hold it for 10 days. They actually released the funds the following day. But it's still a pain in the ass. I wouldn't trust a stranger with an amount that large.

If he can get a cashier's check, he can get cash. Either that or have him do a wire transfer. It's instant, it's more expensive, but it's secure.

 

[John6185]

Wire transfer sounds good.

 

[bigred1]

Just keep reminding yourself business is business. His feelings will be alright if he wants to do business.

 

[turkeyrun]

Meet at his bank
Have title
Get cash
Give title

 

[rickm]

The problem with meeting at his bank is if his bank is several hours away, but depends on how bad you want to make the sell i quess now if it is a local bank i see no problem meeting