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Elizabeth Weintraub

Delivering Funds to Closing for Buying a Home

By February 20, 2013

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If you know how wire transfers and cashier's checks work, then it's easy to decide how to deliver funds to close escrow.

The thing is a buyer cannot bring or deposit a personal check for closing costs a day or so before the actual closing. That's because the escrow or title company needs funds on deposit. They cannot wait for funds to clear.

There are basically two ways to transfer money: through a wire transfer or a cashier's check. There are pros and cons to each, which you may not have considered or even know about. With a little planning upfront, you can choose which method works best for you and avoid any possible last-minute fiascos.

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As of this writing, Elizabeth Weintraub is a Broker-Associate, DRE #00697006, at Lyon Real Estate in Sacramento, California.

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