Hey guys, I'm currently in the process of selling my Land Rover and i have a guy who is willing to trade me a jeep and 800 bucks cash, He doesn't have the cash but says he can pay in full on January, I suggested that he can give me the jeep, I'll give him the Land Rover and i will hold the title until the 800 is paid. I want some kind of contract that we can both sign stating these terms.
Think that would be alright?
I don't want to get ripped for 800 bucks, But without the title he cant do much correct? I plan on getting having a notary there while the contract is signed. Should be safe and if he doesnt pay i can just Repo my truck back right?