Quote:
Originally Posted by kp11364
Hi all,
Recent buyers -- When you purchased your home in TV, did you give a cashier's check or did you do a wire transfer? If you did a wire transfer, did you do a test transfer first (e.g. $1.23) just to make sure that everything was okay?
Thanks!
Kevin
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Hi. Do your research, including a chat with your real estate agent, title company and your bank. It seems wire transfer a few days in advance of the transaction is the preference. Excerpt below from a Florida Title Company.
“At *** of South Florida, we’ve used both wire transfers and cashier’s checks in the past, but like most title companies, we now require wire transfers for all of our real estate closings. They have proven to be the most reliable and safest choice for transferring money at closing.”
Good summary of pros and cons of checks and wire transfers from the same.
Cashier’s Check vs. Wire Transfer: Which Is Safer for Your Real Estate Closing? - Title Partners of South Florida
We used wire transfer a few days before closing as our bank, real estate agent, and title company all recommended wire transfer over a bank check.
Good luck!