When Will I Get My Check From My Title Company
Selling a house or helping someone buy or sell their home if you are a Realtor, can be an exciting time. One of the most common questions we get from Realtors and home sellers alike is “when will I get my check?”
This is understandable as there has been a lot of work and patience to get the transaction done. Plus, who doesn’t like a payday!
When will I get paid?
We make every effort to pay all of the parties involved quickly, oftentimes the same day the transaction closes. However, this can vary based on the day or time the closing occurs. For example, most banks aren’t open after 5 pm and are closed on weekends.
Receiving funds via check
If you are owed net proceeds from the sale of a home, or a Commission as Realtor, you can expect a check to be cut the same or next business day.
If you would prefer the check to be mailed, you can estimate 1 - 3 Business days to receive it.
Receiving funds via wire transfer
Wire transfers will be sent out as soon as the transaction has closed and all funding has been approved. Wire transfers can take up to 24 hours to receive depending on the banks and Federal Reserve. Your bank may charge additional fees to receive a wire transfer.