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Updated over 7 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Young C.
  • Chicago, IL
7
Votes |
21
Posts

cashier's check vs credit (from seller) at closing

Young C.
  • Chicago, IL
Posted

Hello BP members,  

I'm negotiating with a seller after an inspection to purchase a residential property.  The seller offered a casher's check of $X at closing, instead of crediting back the $X amount to the settlement statement.  My question is.. are there any differences between the two forms of getting the repair cost?  This is probably a dumb question, but I don't want to assume anything that I am not certain as a newbie.  I would think I just need to pay a full closing cost at closing and deposit the casher's check after closing.  Am I missing something here?  

Thank you!

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