Anyone used Escrow service for out of state transaction??

mile2424 · 02-08-2023, 11:30 PM

Anyone used something like Escrow.com or TRED Escrow service to handle out of state transactions? Feedback doing so? Anything to be aware of or should be pretty straight forward?

SpeedyATL · 02-09-2023, 08:22 AM

Watching....

I wasn't even aware of these services.

Are these more for purchases from individuals or dealers as well?

ChiTownM · 02-09-2023, 08:22 AM

I was contemplating the same. Buyer and I agreed on a cashiers check, with the buyer sending me a picture, my bank confirming that it was a legit cashiers check before we closed out the transaction out of state. They were able to confirm that the funds were drawn for the check to be legitimate from his institution, a credit union. Shop your buyer/seller relentlessly and carefully

amrh · 02-09-2023, 12:50 PM

I used Escrow.com, once, to sell a watch. The buyer and I agreed to use it, based upon the reviews and how long it's been around. Transaction went very smoothly - no issues at all.

He made the payment to them, they informed me that they received funds, I sent the watch to him. Once he was good with the watch, he notified them and they deposited the money in my account. Very seamless and easy to use.

02-08-2023, 11:30 PM	#1
mile2424 Second Lieutenant 200 Rep 217 Posts Drives: Join Date: Jun 2008 iTrader: (0)	Anyone used Escrow service for out of state transaction?? Anyone used something like Escrow.com or TRED Escrow service to handle out of state transactions? Feedback doing so? Anything to be aware of or should be pretty straight forward?
	Appreciate 0 Tweet Quote

02-09-2023, 08:22 AM	#2
SpeedyATL Major 1930 Rep 1,146 Posts Drives: Z4 M40 Join Date: Dec 2021 Location: GA iTrader: (0) Garage List 2015 Yamaha FZ-09 [10.00] 2018 BMW S1000XR [9.83] 2018 BMW R1200RT [10.00] 2023 BMW X4 [7.88] 2022 BMW Z4 [9.78]	Watching.... I wasn't even aware of these services. Are these more for purchases from individuals or dealers as well? __________________ 2022 Z4 M40 Alpine White/Magma Red 2023 X4 30i MSport BSM/Cognac 2018 BMW S1000XR & BMW R1200RT 2015 Yamaha FZ-09
	Appreciate 0 Quote

02-09-2023, 08:22 AM	#3
ChiTownM Lieutenant Colonel 1071 Rep 1,543 Posts Drives: M and i BMWs Join Date: Oct 2010 Location: Chicago iTrader: (0)	I was contemplating the same. Buyer and I agreed on a cashiers check, with the buyer sending me a picture, my bank confirming that it was a legit cashiers check before we closed out the transaction out of state. They were able to confirm that the funds were drawn for the check to be legitimate from his institution, a credit union. Shop your buyer/seller relentlessly and carefully
	Appreciate 0 Quote

02-09-2023, 12:50 PM	#4
amrh Lieutenant 297 Rep 429 Posts Drives: 2023 M3Cx Join Date: Apr 2006 Location: Frederick, MD iTrader: (2)	I used Escrow.com, once, to sell a watch. The buyer and I agreed to use it, based upon the reviews and how long it's been around. Transaction went very smoothly - no issues at all. He made the payment to them, they informed me that they received funds, I sent the watch to him. Once he was good with the watch, he notified them and they deposited the money in my account. Very seamless and easy to use.
	Appreciate 0 Quote