LandInvestors.com Forums **Ask A Question** About to make my first purchase

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  • #20198

    Sam Gottsegen
    Participant
    Post count: 4

    Hello,

    I am about to make my first purchase after finding a motivated seller on ebay and negotiating the purchase price. However, I am curious about how to actually close the deal. The seller has requested we use PayPal as this is his method of choice for ebay transactions and the purchase price is only $400. That being said, I am hesitant to use PayPal. I know I have seen other posts where buyer has used a mobile notary to close the transaction AND deliver the check.

    What do you suggest for transactions out of state?

    Thank you!

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  • Kevin Farrell
    Moderator
    Post count: 1080
    ProAdvanced

    Sam – congratulations on your deal. I suggest that you do not use PayPal. PayPal work fine but they consider land purchase a prohibited transaction. You might get away with it or they will suddenly close your account with little warning. Find another way to pay. Cashier’s Check, Money Order, Credit Card, direct wire transfer.

    Good Luck

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