The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Old 26 August 2022, 12:24 AM   #1
djborden1957
"TRF" Member
 
Join Date: Aug 2022
Location: Vermont
Posts: 8
Private Escrow Service?

I received a reply for my listing on Chrono24 for a higher end watch where the inquirer wants to see the watch before buying, which I understand. As a private seller, Chrono24 doesn't require me to accept returns, so I didn't indicate one, although I am set up to use their Escrow Service. The potential buyer was wondering what part of the country I live in (the Northeast). He lives in California, but is traveling to NYC soon, but I'll be out of the country.

Any suggestions for how to address his comfort level without meeting someone in person that I don't know with a very expensive watch?

I've written to Chrono24 to see if they can accommodate a return period within their Escrow Service where I could send it to him in CA for inspection after he posts Escrow, but what happens if he "loses" it or damages the watch? I was also thinking of seeing if there is an independent escrow agent in NYC that could act as the intermediary.

Thanks for any help. This is a one time sale for me of a watch I inherited but don't use, so I'm very new to this.
djborden1957 is offline   Reply With Quote
Old 26 August 2022, 12:46 AM   #2
MrGoat
2024 SubLV41 Pledge Member
 
MrGoat's Avatar
 
Join Date: Jun 2020
Real Name: Goat
Location: Southwest Florida
Watch: 16613
Posts: 5,488
Private Escrow Service?

I’d contact my attorney and see if I could get them to facilitate the sale at their office and just bill me the hourly rate. If the watch is that valuable $500-750 an hour shouldn’t be a big cut to ensure everything goes smoothly.

Shouldn’t be a big deal to write up a contract, verify identity and ensure funds are wired then once the attorney has funds they can wire them directly to your account even though you’re out of the country.
Sent from my Apple privacy invasion product
MrGoat is online now   Reply With Quote
Old 26 August 2022, 12:48 AM   #3
djborden1957
"TRF" Member
 
Join Date: Aug 2022
Location: Vermont
Posts: 8
Thanks for the reply. However, I live 5 hours away from NYC where the potential buyer will be visiting, so I need to find something in NYC.
djborden1957 is offline   Reply With Quote
Old 26 August 2022, 12:52 AM   #4
MrGoat
2024 SubLV41 Pledge Member
 
MrGoat's Avatar
 
Join Date: Jun 2020
Real Name: Goat
Location: Southwest Florida
Watch: 16613
Posts: 5,488
Quote:
Originally Posted by djborden1957 View Post
Thanks for the reply. However, I live 5 hours away from NYC where the potential buyer will be visiting, so I need to find something in NYC.

I’m sure there is attorneys in NYC that would take some easy money. Take a Friday off to meet with a lawyer then hang in the city for the weekend.


Sent from my Apple privacy invasion product
MrGoat is online now   Reply With Quote
Old 26 August 2022, 10:05 AM   #5
JasoninDenver
2024 ROLEX SUBMARINER 41 Pledge Member
 
Join Date: Jul 2010
Location: Denver
Posts: 4,284
My buddy uses a private escrow service all the time and the girls are hot.
__________________
Jason

116610 LN
DateJust
Pelagos FXD
JasoninDenver is offline   Reply With Quote
Old 26 August 2022, 11:15 AM   #6
Fashionwatch
Banned
 
Join Date: Dec 2020
Location: US of A
Posts: 32
Quote:
Originally Posted by JasoninDenver View Post
My buddy uses a private escrow service all the time and the girls are hot.

Fashionwatch is offline   Reply With Quote
Old 26 August 2022, 11:18 AM   #7
brandrea
2024 SubLV41 Pledge Member
 
brandrea's Avatar
 
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 78,136
You could meet at a secure location like a Police station.
brandrea is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

OCWatches

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.