Closing on a house - check or wire transfer?
 

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

We used a wire. Had it done a day or two ahead of time to be sure no problems day of closing.

Wire transfer, no test. Ended up sending three wires. Escrow and two other payments for the balance out of two separate accounts. It all went smoothly. In fact, there was no mention of money at the closing!

We had opened an account at Citizens First Bank (Developer owned) prior to closing. On closing day they just sucked the money straight out of our account.

I used a bank check. Instant proof of payment. I don't trust wire transfers.

May or may not apply. We paid off our bond. I was a bit surprised that they did not ask for a certified check or a bank draft. They took a personal check. We do not keep that much money in our checking account. No trouble transferring the money having that clear and then writing the check.

Wire.

Wire transfer a few days before the closing. We did not do any test. Banks do this all the time.

Did a wire transfer. Unfortunately, the esteemed, all knowing, benevolent, and all powerful Developers employees couldnt find it.

Why, i dont know..bit they eventually did find it among all the other wires.

Thank the Lord that the Villages Wizard of Oz found it or id have to just sit at the bar at Citifire

Wire transfer

Apparently, some people pay for the house before they go to the closing? I got a bank check and brought it to the closing. I didn't hand over the check until the deal was done. If something had gone wrong at the closing, I wouldn't have provided the check. Also, I don't see any advantage to doing a wire transfer, if you are doing an in-person closing.

We did a wire due to the fact that there was no time for a bank check.

Who does an in person closing anymore? And why?

We’ve done both recently, I prefer the remote version when selling. The only paper I am interested in there is the check or wire receipt.

Wire transfer and emailed the title office for a confirmation.