when you sell a house, how to make sure you get money safely?

April 28, 2009 by admin
Filed under: Make Money Online Fast 

I think they are two point

1) get the money before the buyer get the deed/house, can I do it?
2) transfer money through bank? which method is the best?

and
a) if I am the buyer, Can I get the deed before I give the money?
b) The seller get money first, or the buyer get the deed first?if there is a time difference, there is a trouble. I suspect everything $_$.

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5 Comments on when you sell a house, how to make sure you get money safely?

  1. Veers ??????? on Tue, 28th Apr 2009 5:52 pm

    2. in case of such doubts, always it is preferable to ensure availability of Money/ Bank Draft with the buyer and take it at the time of signing the transfer deed in the Registry Office.

  2. T E on Tue, 28th Apr 2009 5:52 pm

    3. get a lawyer to do it for you

  3. koiboy on Tue, 28th Apr 2009 5:52 pm

    4. You probably should get a lawyer to set up an escrow account to hold onto the money until the transaction is complete to everyone's satisfaction. Once it is, the money will be released to the seller.

  4. wizjp on Tue, 28th Apr 2009 5:52 pm

    5. (1) reputable closing company or lawyer
    (2) wire transfer between legitimate institutions or certified check.

    (a) Not in most states. You fund, you record, and then you get your copy of the deed. Your ownership begins when your deed is recorded; not when you get your copy
    Seller signes deed over at closing; then transfer is funded. In some states, the deed is recorded before the transger is recorded; in some it is not.

    There are a hundred houses sold a day in a county. Use a reputable closing company, get title insurance, and you have no worries

  5. David Z on Tue, 28th Apr 2009 5:52 pm

    6. a closing attorney or title company performs this for seller and the buyer.

    It all happens simultaneously.

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