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Updated over 7 years ago,
cashier's check vs credit (from seller) at closing
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!