Hear this out loudPauseSome sellers opt to receive payment through wire transfer, while others go the paper check route. With a wire transfer, money is sent to your chosen bank electronically. This can take between 24 to 48 hours to process, though more often than not, you'll see the funds within a few hours.
What should I do with large lump sum of money after sale of house?
Hear this out loudPauseDepending on your financial circumstances, it might make sense to pay down debt, invest for growth, or supplement your retirement. You might also consider purchasing products to protect yourself and your loved ones, including annuities, life insurance, or long-term care coverage.
Do sellers pay closing costs in Massachusetts?
Hear this out loudPauseBuyers usually have more line items to handle when it comes to closing costs, but the seller pays their fair share as well. The bulk of a seller's closing costs are typically in real estate agent commissions, and in Massachusetts sellers must pay a state transfer tax as well.
When should I get my cashier's check for closing?
Hear this out loudPauseTypically, you'll need to secure a cashier's or certified check. It should only take a few minutes to have your bank draw one up for you, provided the funds are already in your account, but you'll want to do this a few days in advance of your closing date in case you run into any issues.
How long after closing is money wired?
Hear this out loudPauseIf you request proceeds to be wired to your bank account, it can take 24 – 48 hours to process, but it's typically available by the next business day. Note: You will receive payment for the full purchase price of the property, minus fees, closing costs, taxes and real estate commissions.
How do real estate agents use drones?
Using drones in real estate marketing allows you to show the property from many unique angles, allowing the prospective buyer to view not only the house, the roof and yard, but also the surrounding neighborhood and views. It is helpful to see great examples of real estate drone videos you can build on.