When selling your home, where should you deposit the money?
What should you do with the money?
Safe idea? Riskier idea?
Where should you have the escrow company deposit the money?
4 Responses to “When selling your home, where should you deposit the money?”
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With a title and escrow company. They are a neutral third party in the transaction. Safe, smart, no brainer.
If you don’t have one already, open a MONEY MARKET account with your bank. A money market account is a higher interest bearing savings account that serves as an ideal intermediate account until you decide a better way to invest.
DITTO, to first answer, with the same firm doing the actual closing
DO YOU MEAN YOUR MOENY GAIN AFTER YOU SALE YOUR HOME? IN YOUR BANK ACCOUTN OF COURSE – OR MAKE ANOTHER INVESTMENT. AS FOR THE SELLING TRANSACTION – TAL TO AN ESCROW COMPANY.