Tried doing a search for this earlier but got an error, so apologies if someone has asked this before.
I'm selling my Cervelo S2 because I haven't used it in months and while I'd like to use a bike for transportation more, I want to go with something more practical and cheaper.
According to bicycle blue book, it's work $1,275-$1,310 in its like-new condition. I listed it on Craigslist for $1,800 as I saw some used bikes on ebay listed for this amount.
Had a guy offer me $1,200 cash. I countered with $1,400 and told him I'd prefer to do the transaction through pay-pal or venmo.
He responded asking if he could come check out the bike this afternoon but insisted on a cash-only transaction. I know most transactions on Craigslist are cash but I've also seen articles where people have been ripped off with counterfeit money. I'd much rather use pay-pal or other electronic system so I don't have to physically inspect every bill to make sure it's legit.
I've never sold anything on Craigslist before, so I'd appreciate people's thoughts. My hunch is that he wants to do it with cash so he can show up with only $1,200 to make a take-it-or-leave-it offer rather than being up to something sinister, but you never know. I'll also need to find a public place to do it as well.
Thanks