Seller wants cash?

[S/V Antares]

Ok, Yes we can all agree that escorw or a papertrail is desirable. However..
1. Based on the original posting We do not know if this is a large quantity.
2. The seller is financing a portion so who is in the position to lose? It is just as easy for the buyer to kite a check and split town.
3. We do not know the disposition of the documentation or title.
4. We do not know if the seller is a "Hippie"

All said there is good info we all should use in this thread. And thanks Chief E. for the hardy chuckle!

[Chantyabc]

With everything thats going on today.. So much fraud... i would definetly be extremely careful.. Take it from me I am in boat financing and i see it everyday. If you need advice send me a message and I will be more that happy to help.

Thanks
Chanty

[S/V Illusion]

While it is always sound advice to be cautious, paying cash under the proper set of circumstances should not be problematic. When one considers the options of payment from escrow, bank check, personal chech, etc..., each presents an equivalent risk to cash in a bad transaction. The only distinction with the latter types of payments are the obvious paper trail should you have to subsequently produce documentary evidence. So, as long as you get such documentation of a cash transaction, you have the same protections as with any other method, no more or no less. The only challenge to you would be to ensure that the form you choose to obtain documentation of a cash transaction be clear and unambiguous which, depending upon the vale, may be more appropriately created by your attorney.