account.
Ensuring Timely Payment To avoid delays and ensure a smooth financial close:
1. Verify Wire Transfer Details: Double-check the account information for the wire transfer to prevent fraud or errors. 2. Confirm Receipt: Once the wire transfer is initiated, confirm with your bank that the funds have been received before considering the sale complete. 3. Be Aware of Timing: Wire transfers can take time to process, and there may be cutoff times for same-day processing. Discuss the timing with your closing agent to set realistic expectations.
Dealing with Delays
Delays can happen, even at this final stage. Here’s how to handle them: 1. Maintain Communication: Keep in touch with your closing agent and bank to stay informed about the progress of the transaction. 2. Understand Your Rights: If there's a delay in receiving your funds, know what your rights are under your contract and what recourse you have. 3. Plan for the Unexpected: Have a contingency plan for your immediate financial needs in case there's a delay in receiving the sale proceeds.
After the Funds Are Secured
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