well, sold my boat in 7 days on E-Bay. Got a bit over what I wanted for it. In this market with boats not selling I am pleased but sorry to see it go.

Anyway, the buyer is from Germany and is wireing me a deposit of $2,500 . He is flying into NY which is about 8 hours from me and then renting a truck and driving to my home which is about 8 hours from NY. He wants to make sure the boat in the auction is the boat he is buying. I understand this. Problem is, he wants to take the boat right then and there. He has a bank in the US but it is 150 miles from me. My bank tells me the only form of payment to accept is awire from his bank to mine.

How should I handle the transaction? We are talking $40,000 here.

Insist on wire payment in full before he see's the boat?

Can he phone his bank and authorize the wire over the phone?

Any other idea's?

Cash or wire transfer is the only way I'd do it under those circumstances--ebay deal and a buyer from another country.

usually you can'y authorize a wire by phone but you can by fax, if you have a fax machine at the house you can do it, have him come in the morning if he can, send the fax, go to luch and when you come home you should be able to call your bank and they can verify the wire, it usually won't show up on your account online until the next day but if you call they can verify it.

dont know about the wiring stuff..ebay, buyers from overseas just sounds scarey to me...he could probaly open an account at your bank online, transfer the money intothat account ahead of time, then if all goes well, you both go to the bank, sme bank, should be able to transfer funds imediatly, then theres always cash....just make sure however he pays for it, its green before he takes the boat, and if he doesnt take the boat, make damn sure the deposit he put on it is real and cant be recinded somehow before you give it back. CYA!!!

A guy flying from germany to finish the sale sounds more legit than someone mailing a cashiers check from a 3rd world country (which is the typical e-bay scam). Can wild card 09 vouch for him,he has been around along time on these boards,it might be one of his buddies,Smitty

Wire x-fer into an Ercrow (sp.) account set up at your bank. Wire transfer goes into that account and neither party can touch it until everyone is happy, then the money is released to you. That way you know the money is there ahead of time. Smooth.....

Great ideas phragle & stinger 390 I knew my Offshore only buds would come through with some good ideas.

Artic friends, I don't know wild card 09 but the guys name who is speaking for the buyer who doesn't speak english is Alexander Bollinger He is a member of offshoreonly.de He sent me the link It's all in German but the pics are cool. He owns a 99 Baja H2X with a blown 575sci anybody know him?

Could it be possible he never was over seas ? ....Just being devils Avocate .. There is a lot of BS stuff with wiring money .....m

Good points !

tell me what an escrow account is and how it works

The buyer gives me the 40,000.00 ... I call you and tell you I have the money and its ok to send the boat ... the buyer gets delvery of the boat and after he is satisfied everything is ok calls me and tell's me to release the money .... I send you the 40,000.00 minus my fee ....



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