"Well here's a lesson for
"Well here's a lesson for you all.
After agreeing on a purchase price for a 2001 model boat with a private seller this past Sunday (Feb-6) I sent said seller a deposit of $125.
Labelled on the check was "<Boat Make/Model> Deposit", the seller cashed the check and it cleared my bank yesterday (Feb-9).
The agreement was that I would buy the boat pending a water-test. If it didn't run as he claimed he could keep the deposit and use the money towards re-winterizing the boat.
The title was faxed to me this morning, I went to the bank with the title, got a bank draft in the sellers name and scheduled the pickup for tomorrow morning.
I received an email upon returning from the bank stating that regretfully he couldn't sell me the boat, and to call to discuss.
The seller had a listing on eBay for this boat while we were negotiating, he neglected to end the auction after accepting my offer. The eBay auction ended Feb-8 for $1600 higher than my offer and the seller decided he was returning my deposit and selling to the eBay bidder.
Maybe getting a signed receipt with associated VIN #'s could have prevented this? Nonetheless the boat search continues.
I welcome your comments and advice."
"Well here's a lesson for you all.
After agreeing on a purchase price for a 2001 model boat with a private seller this past Sunday (Feb-6) I sent said seller a deposit of $125.
Labelled on the check was "<Boat Make/Model> Deposit", the seller cashed the check and it cleared my bank yesterday (Feb-9).
The agreement was that I would buy the boat pending a water-test. If it didn't run as he claimed he could keep the deposit and use the money towards re-winterizing the boat.
The title was faxed to me this morning, I went to the bank with the title, got a bank draft in the sellers name and scheduled the pickup for tomorrow morning.
I received an email upon returning from the bank stating that regretfully he couldn't sell me the boat, and to call to discuss.
The seller had a listing on eBay for this boat while we were negotiating, he neglected to end the auction after accepting my offer. The eBay auction ended Feb-8 for $1600 higher than my offer and the seller decided he was returning my deposit and selling to the eBay bidder.
Maybe getting a signed receipt with associated VIN #'s could have prevented this? Nonetheless the boat search continues.
I welcome your comments and advice."