Addison Road proudly presents today’s Real Estate ProTip:
The day you put an offer on a house, gather up every dollar you have, in every account, including any money you can possibly borrow from family and friends, and withdraw it all as cash. Then, for the duration of your escrow, simply carry around a large bag full of cash, and when people ask you for money, reach into the bag and hand them a fistful of sweaty bills. Don’t even bother asking them what the money is for, just give it to them.
This way, you avoid nasty snags like your local bank (where you have had your accounts for over 10 years) (oh, and which holds many tens of thousands of dollars of your own money) placing a hold on all incoming funds, thus delaying your ability to wire money directly into the escrow account, and moving your close date back by another week.
Wells Fargo, you are dead to me. From now on, all of my financial transaction will be handled by a brown bag full of sweaty bills. At least the bag doesn’t charge me a transaction fee every time I open it.