does anyone provide escrow for kits?

[airguy]

Yes, this sounds just fishy enough to tap the brakes. And if tapping the brakes puts the kibosh on the whole deal, then it wasn't meant to be.

Any time you have a potential sale that requires A) cash only, and B) right freaking now timing, that's a bad deal waiting to happen.

[9GT]

When I sold my RV-10, the buyer was from another state and unknown to me. No way I would accept any kind of a check with fraud so prevalent in today’s world. When I spoke to my bank about this and my concerns of possible fraud, I was told it takes days for a check to get through the process to clear and transfer the funds. The buyer had came with his AP to do the pre-buy and wanted to fly the plane home the next day. He had his bank do an immediate wire transfer to my account that morning and flew his new plane home an hour later. My buddy, looking for an RV-9A, had a plane he was making arrangements to fly out to look at, but the seller wanted a sight unseen deposit to hold it for him so he knew he was a serious buyer. He walked from that deal.
When I sold my C-152, the buyer worked with an established and reputable airplane broker that handled the escrow.
Fraud is too easy to do and difficult to catch if you aren’t up to speed on current techniques. Be careful out there!

[Electrogunner]

I used escrow.com for funds transfer on a Ferrari I sold to a buyer in Taiwan. It is a simple process with procedures that both both parties must comply with before funds are dispersed.

[philip_g]

Thanks for all the input. Sounds like we're inching forward with aerospace reports

You gotta be careful with people using fake escrow accounts too and I've worked with them before. Escrow.com is probably a better idea but aerospace reports is super established

[airguy]

Originally Posted by 9GT

When I sold my RV-10, the buyer was from another state and unknown to me. No way I would accept any kind of a check with fraud so prevalent in today’s world. When I spoke to my bank about this and my concerns of possible fraud, I was told it takes days for a check to get through the process to clear and transfer the funds. The buyer had came with his AP to do the pre-buy and wanted to fly the plane home the next day. He had his bank do an immediate wire transfer to my account that morning and flew his new plane home an hour later. My buddy, looking for an RV-9A, had a plane he was making arrangements to fly out to look at, but the seller wanted a sight unseen deposit to hold it for him so he knew he was a serious buyer. He walked from that deal.
When I sold my C-152, the buyer worked with an established and reputable airplane broker that handled the escrow.
Fraud is too easy to do and difficult to catch if you aren’t up to speed on current techniques. Be careful out there!

When we bought the 172, we opened a checking account at the same bank as the seller and put our money in there. After inspecting and test-flying the airplane, we went to the bank and the teller transferred funds from our account to his, no muss no fuss and everybody happy.

[rv8ch]

I've also used escrow.com for some transactions and it was fine. As others have said, please take care - the scammers are really smart, please do your homework. They have been known to sell things that are not even theirs to sell, even after showing it.

[Freakshow108]

Is the kit in Seattle? If so I may be able to do a pre buy inspection.

[philip_g]

Originally Posted by Freakshow108

Is the kit in Seattle? If so I may be able to do a pre buy inspection.

It's in walla walla, middle of nowhere lol

Appreciate the offer, it's getting trucked to tacoma to go in a container to get here by boat

[philip_g]

aerospace reports got me covered for $250, about the same cost as escrow.com wanted.