I could see needing to ask a seller to hold a watch for several days in order to allow proceeds to clear the buyer's bank. For example, on some large car purchases, I have asked a seller to hold the car (with a deposit) while I closed my positions on some stocks. It normally takes several days for the funds from the sale to make it into my bank. I don't try and make a practice out of this but I have run across some deals that I did not have the cash on hand but did not want to miss out on.
|