2010
09.02
09.02
Okay, so my parents are selling our house. I’m trying to figure out a plan where we can move to another city in state (we’re currently planning on moving to another country, my parents already have real estate there), but I don’t quite understand how getting the money from your sold house works. Do you get the money all at once, or do you get the money from the buyers monthly mortgage payments?
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They will either get it wired to their bank account or a check when the deal closes.
This isn’t something you need to be worried about, I am sure your parents have it covered.
You get it all at once, as a check. Or at least I always get checks.
All at once.
Either through a wire transfer or cashier’s check. The money will be deposited into your parents’ bank account when the check or wire goes through.