Those people might not be as dumb as you think. I recently bought a backhoe for $1500 less than the seller's firm asking price. The lousy economy makes it a buyers market.
I have a friend that searches ebay and craigslist for stuff for his collection. He routinely gets sellers to end their ebay auctions early and sell to him for below market value. He buys stuff from all over the country on craigslist. CL sellers are often leery about selling to a buyer from out of the area. He pays them via paypal and they have the money in their account in seconds. He buys a fair amount of stuff that way and rarely pays the asking price.
Cash used to be king. The number of buyers using paypal is growing. I've had customers pay for remodeling projects with paypal. I make them cover the 2.7% paypal fee. It doesn't cost me anything and lets customers that are short on cash spread payments on their credit card over a few months but I get my money right away. The people asking about a cash deal may be used to paying via paypal.
This post was edited by Pops1532 at 08:09:35 10/03/10.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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