Safest way to sell a high value item?

[Acacia123]

Hi there - we are in the process of selling our caravan which is nearly new and worth a lot of money. What is the safest way to handle the money? Should we ask for cash, bank transfer in advance, certified cheque etc? The 'deal will be done' on Sunday so we wont be able to get to a bank. We are selling to a private individual and not to a dealership. Any advice?

A bankers draft is the best option I think. The money goes straight out of their account.

I do know you shouldnt do business on weekends when banks are closed as there is no way of verifying bankers drafts etc are not forgeries. Even £20 notes are easily forged.

I would make sure it is cleared in advance, but there is an instance when the banks clear cheques even before the funds are transferred...and then no funds! This loophole may have closed now they have instant cash transfer, but not sure.

Have a word with your bank as there are lots of pitfalls and con artists out there!

These days, with fast bank transfers, I would do it electronically. Second best is cash. I would always want a bankers draft to clear as they're too easy to fake or steal.