Questions about selling
Planning to sell our unit (via Craigslist at least initially). I have read the older posts and know about safety, pricing it right, having it clean, etc. I do have some specific questions from o...
Forum Discussion
paullac wrote:pauldub wrote:
Regarding the buyer getting a loan, their lender isn't going to give them money without having the title in hand.
OP here - That's my concern. I give them the title. For whatever reason I don't get money (their loan doesn't go through, check to me from the lender gets lost, whatever, any number of reasons...). Once I give up the title I'm in a risky spot. Hoping to find a buyer with cash!
I wouldn't give title until payment is in my hands/account. Lending institutions will give buyer the check made out to you, then you hand over the title. That way no worries about a lost check or declined credit. I also have buyer come with me to my Credit Union where we complete the deal and their payment is deposited directly into my bank.
