Talk of The Villages Florida - Closing on a house

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- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - Closing on a house - check or wire transfer? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/closing-house-check-wire-transfer-322903/)

Quote:

Originally Posted by Escape Artist (Post 1990461)

Interesting you should bring this up. When my realtor told me I had to do a wire transfer, first for the deposit then for closing, I was taken aback. It seemed scam-like to me and I didn't understand why I couldn't get a cashier's check at my bank as there is a branch in TV. She kept saying, "that's the way it's done in Florida". I still don't get it. :confused:

I would not accept that information from an agent. The agent works for the seller, not you. I got a bank check from my local bank and brought it to the closing. It just makes more sense to hand over a check instead of relying on someone else handling a wire transfer. Also, I would not pay for the house until I was satisfied that the closing was handled properly, and the seller signed the papers. Things can go wrong at a closing, and what do you do if the money has already been transferred? It doesn't matter whether you are in Florida or any other state.

Wire transfer with no problems.

100,000 extra appeared in my account . Don't remember if there was ever any explanation. A similar amount happened to a friend in the 70's.

Wire Transfers......there are safe ways and unsafe ways.

Cashiers' Checks...........there are safe ways and unsafe ways.

Write them a personal check, they will take.

Wire transfer...
:pray:

Wire transfer or bank check, both are fine. But, a buyer authorizing a transfer of hundreds of thousands of dollars before the closing has actually occurred is not fine with me. I would never do that. Lots of things can happen. Suppose the house burns down hours before the closing? How do you get your money back?