Why refusing cash? First, I would want to get paid before delivery or even pick-up to avoid a potential 'shoot-out'. And second, there are fake banknotes. In any case, I suggest accepting cash only in $20 not $50 or $100 bills. Again, I might make exceptions, but as a general rule - no way. If the banknotes are fake and you take them to the bank and the bank figures it out, you may have problems or at least a very unpleasant day, not to mention you will have no money.
Can a buyer back out with no penalty?
Hi members,
Last week I got an offer for a preamp on Audiogon which I am selling. The buyer offer cash local pickup and he required an audition before taking the preamp. It seems fair to me so I accepted his offer.
Yesterday he came to my house with another guy. They spent almost an hour to play through my system. Then finally they said they don't want to buy it with the reason "I don't like the sound". I tried to explain to him that after the buyers' offer is accepted that is a commitment to buy. Unless the product was not as described in the ads, he has to take it. They just left without saying anything.
My question is: what do we do with that kind of buyer, how to deal with this situation correctly?
Thanks,
Calvin
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- 30 posts total
Two times over the years I've done this for a local audio nut, and both times it turned into clear "tire kicking", treating my house like it is an audio salon. I will only do cash pick up for convenience, but not offer an audition. Whether it is local or distant, we all take a chance to try out different used gear in our systems to find the right matches. Someone seeking a "audition/approval" because of the local advantage is just a big red flag to me now. |
+1 mofi. Leave negative feedback so others are aware of this "tire-kicker". I also like the $100 deposit to audition philosophy. As for accepting cash, I have always accepted cash. However, if it is from an untrustworthy source, I recommend having a Dri-Mark Smart Money Counterfeit Bill Detector Pen handy. https://www.walmart.com/ip/Dri-Mark-Smart-Money-Counterfeit-Bill-Detector-Pen-for-Use-w-U.S.-Currency/14927993 |
- 30 posts total