Best way to sell privately

   / Best way to sell privately #11  
As I saw your from Michigan also, we have done is put a post in the Michigan farm trader, or in the Michigan auto&rv, sold a lot of heavy equipment within a week, they bring a trailer and cash. Last person came up for our bobcat 751 all the way from Kentucky.
 
   / Best way to sell privately #12  
With Craig's List buyers or any buyers for that matter...here are cautions I will pass on...Buy one of those pens that tests bills for counterfeit ..Walmart & Staples sells them..the ones you see clerks marking across the bills you pay with at the register.

As far as accepting a Cashiers check...remember with new quality color scanners all of us have, criminals have them too and can easily go get a cashiers check make some changes in the amount and then scan it and have a new counterfeit cashiers check and you will be out your tractor and the money. I have noticed many ads say...if you are bringing a cashiers check we can go to my bank.Gotta be careful
 
   / Best way to sell privately #13  
local want adds.. for sale papers.. or roadside.. etc...
 
   / Best way to sell privately #15  
You're in Michigan. Try Kijiji.ca. It's free and is far and away the favourite classified site in Ontario.

Most of my big ticket purchases in the last five years have been of the cross-border variety.
 
   / Best way to sell privately #16  
I have noticed many ads say...if you are bringing a cashiers check we can go to my bank.Gotta be careful

and that's not even safe. many times it can take days to find out a certified check is bad.

a postal money order, at the post office, is about the only way to ensure cash in hand, and no checks..

soundguy
 
   / Best way to sell privately #17  
With so many scams out there, I think going to the buyer's bank, having him withdraw the cash and pay you is the safest. Then you can hide the money in a coffee can until you need it or it is worthless.
 
   / Best way to sell privately
  • Thread Starter
#19  
Thanks for all the help! Didn't even think to put it in the Canadian listings, thanks RodinForfar! I assume that spring would be the best time to put it up? I really don't want to put the money out there for the adds and it not sell...
 
   / Best way to sell privately #20  
I do have a auction service right next to me. It does specialize in repossessions (hence the name Repo Cast) but they do allow people to sell privately although I'm not sure about reserves. And all auction fee premiums are paid by the buyer, only problem is I've seen items go for half what they are worth so I don't think it would be the best option as I want the most money, if I had to sell it though... Thinking I may try eBay as well.

And I have found the problem to be that the value drops 20% going off the lot, then not so much later as you loose financing but holds value down the road.

Thinking if I'm going to start spending money for adds I'll wait till spring when there will be more buyers
RepoCast (Bryon Center MI) is NOT free for the seller. They charge a minimum of $5.00 to list an item (not sure if large items cost more to list) Then they charge the seller a commission starting at 25% and going down the higher the selling price. Not sure how reserves work. They also hit the buyers 10% up to $999 selling price, 6% over $999. You are allowed to bid on your own items, but if no sale, they charge you a $50 buy back fee.
 

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