Quote:
Originally Posted by pavulon
Can relate to being scammed and having to work way to hard to make it right. It is soul sucking and best avoided.
Are you looking to take delivery and then further inspect the purchase with financial recourse?
|
Ideally, I would send the seller a deposit to hold the item (a trailer) for me until we can meet in person next weekend where I can inspect it and we can complete the transaction. The meeting is likely to happen on a Saturday or Sunday when banks are closed.
He suggested I wire him the full payment before meeting next weekend... which I'm not excited to do as I'd be exposed for the full amount. My understanding is that if you wire $$ to someone, once you press 'send', it's gone and untraceable. This seemed like a red flag to me.
At the end of the day, some level of trust is required from both sides. I want to show the seller that I am serious about the purchase and that I have the $$ on-hand, but I'm not really excited to just pay him in full with no recourse if he ghosts me.
From his standpoint, I'm sure he'd not be excited to take a large personal check from me for the balance on Sunday. He doesn't know me and my check could be bogus.
Is this not the type of transaction that an escrow service is set up to accommodate? I deposit the full amount into an escrow account, with the seller listed as the recipient so he knows I have the $$ and I'm ready to go. After we meet and I inspect the item, I release the funds to him - I'm assuming if we use escrow.com I could do that from my phone in the parking lot on a weekend? So I would leave the meeting with the trailer and he would leave knowing that he's been paid? Or do I misunderstand how escrow.com works?
Thanks for the help!
Tom