There are tools you can use to help you as a buyer or seller increase your chances of having a good deal where all parties are happy with a transaction. One powerful tool is reviewing the BOI. If your buyer or seller has a BOI history you can review it to see whether you want to proceed with a transaction you are planning with that person.
Another reason to read the BOI is to review, and have fresh in your mind, common situations which have MANY times led to unsatisfactory deals.
Some examples:
DON'T sell on credit, get full payment including shipping FIRST.
DON'T send money to someone with a zero history that demands a money order or other kind of payment that has limited recourse.
DON'T take a check from someone you don't know REALLY WELL. If you agree on a cash deal and they show up with a check, tell them you will wait 30 minutes for them to go to an ATM, or just go home. DON'T do something against your better judgment just because your buyer or seller has maneuvered you into a situation where you just want to complete the deal.
From ancient times, smooth talkers have softened and persuaded their marks and then taken their money. You know better.
But sometimes when we want something, we put our common sense on hold and tell ourselves 'it will be OK' and take risks we know we shouldn't take.
I guess it just seems like with tough economic times there is a lot more of these bad guy shenanigans going around. Don't let it happen to you.
Another reason to read the BOI is to review, and have fresh in your mind, common situations which have MANY times led to unsatisfactory deals.
Some examples:
DON'T sell on credit, get full payment including shipping FIRST.
DON'T send money to someone with a zero history that demands a money order or other kind of payment that has limited recourse.
DON'T take a check from someone you don't know REALLY WELL. If you agree on a cash deal and they show up with a check, tell them you will wait 30 minutes for them to go to an ATM, or just go home. DON'T do something against your better judgment just because your buyer or seller has maneuvered you into a situation where you just want to complete the deal.
From ancient times, smooth talkers have softened and persuaded their marks and then taken their money. You know better.
But sometimes when we want something, we put our common sense on hold and tell ourselves 'it will be OK' and take risks we know we shouldn't take.
I guess it just seems like with tough economic times there is a lot more of these bad guy shenanigans going around. Don't let it happen to you.