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Old 11-27-2017, 02:52 PM
 
Location: Raleigh, NC
66 posts, read 31,754 times
Reputation: 30

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Regarding transactions with strangers, where you are the seller: What is the max a buyer should expect to bring cash? Being that most of these take place in a public setting, I'm sure people start feeling antsy, carrying $x in cash on them.

Then, what is the next acceptable form of payment, to ensure you're not getting duped? Money order?

Thanks, All!
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Old 11-27-2017, 04:12 PM
 
2,427 posts, read 1,788,289 times
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We've sold cars for $3000 - $6000 cash. I suppose if it was more than that I'd be happy to meet the buyer in his bank and take the cash from the teller.

Money orders can be faked.
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Old 11-27-2017, 04:26 PM
 
16,735 posts, read 12,088,192 times
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Quote:
Originally Posted by enTERPRising View Post
Regarding transactions with strangers, where you are the seller: What is the max a buyer should expect to bring cash? Being that most of these take place in a public setting, I'm sure people start feeling antsy, carrying $x in cash on them.
Cash only, and I meet in the local police precinct parking lot in full view of cameras.
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Old 11-27-2017, 11:28 PM
 
7,720 posts, read 8,390,321 times
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I've know cash transactions into the tens of thousands. I once did a transaction in Krugerrand. If a business transaction, doing it in your's or another place of business isn't that big a deal. But if selling to some stranger on a more personal sales basis, convextech use of a law enforcement location is the best. I knew one person who sold a collectable for about $16,000 cash and did it at his bank. He deposited about half right on the spot.
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Old 11-28-2017, 10:00 AM
 
Location: 75075
123 posts, read 50,353 times
Reputation: 72
Most i have done is 1100 for a TV
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Old 11-28-2017, 11:27 AM
 
2,130 posts, read 2,234,706 times
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Bank and Police Station would be safest route to meet if large amount of transaction is required. Cash is safest route not to get scam....You'll need to make sure the money is real. My brother and I bought a car from a stranger and they took the Cashiers Check without a thought but I don't know if I would do that if I was the Seller. I just don't trust people.

These days, people get set up and killed over trying to buy a stupid cellphone...that's like a couple of hundred dollars.
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Old 11-28-2017, 12:15 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
26,164 posts, read 45,380,683 times
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Our police department will even allow people to come inside to do such a transaction (during normal office hours) and verify the cash as being good.
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Old 11-28-2017, 11:58 PM
 
Location: Tennessee at last!
1,630 posts, read 1,354,741 times
Reputation: 3085
When I bought a camping van from Craigslist we met at my bank where I withdrew the money and handed it to him. He immediately bought himself a cashier's check IT was $8400.

Neither of us got hit over the head!

EASY!
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Old 11-29-2017, 08:21 AM
 
2,062 posts, read 741,663 times
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Cash or Cashiers check from the bank.
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Old 11-29-2017, 10:24 AM
 
Location: North Idaho
18,832 posts, read 21,948,464 times
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The last house I sold was $166,000 all cash. I sold another house $225,000 all cash a couple of years ago. I don't think there is a ceiling, but Uncle Sam will get himself involved at some point.

You mean a point beyond where the buyer takes actual folding money out of his pocket and hands it to you? The most I've received that way is about $2500, for a stack of redwood boards. I've sold stuff for a lot more, but usually get a check.
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