Question Details

Johni, Home Buyer in New Jersey

When paying cash for a house, what is the most common method of payment: personal check, certified check,?

Asked by Johni, New Jersey Sat May 31, 2008

cashier's check, bank wire, or some other?

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One piece of advice: If you're buying a house directly from someone else--as the "We Buy Houses" folks do--you never, ever, ever want to pay the money directly to the least before all the documents are signed and in hand. You provide the money to your settlement company. They'll hold it and disburse it at settlement. If that's done immediately prior to settlement, then cashier's check or by wire--as Larry says--is right. If it's done well in advance, then any method that will result in "cash" by time of settlement will work.
1 vote Thank Flag Link Sat May 31, 2008
Don Tepper, Real Estate Pro in Fairfax, VA
Right on, Don! Great piece of advice!
Web Reference:
0 votes Thank Flag Link Sat May 31, 2008
Cindi Hagley…, Real Estate Pro in San Ramon, CA
They will want certified funds. So either a certified check or bank check. You could wire it also
0 votes Thank Flag Link Sat May 31, 2008
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