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Updated almost 4 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
James Wicker
  • New to Real Estate
  • Dallas / Fort Worth
6
Votes |
12
Posts

Unusual Closing Situation (at least unusual to me)

James Wicker
  • New to Real Estate
  • Dallas / Fort Worth
Posted

I am making an offer on a home in Tx. Spoke to the Owner and he is definitely old school and wants to simply swap check for deed/title at the bank. Is this even close to normal? He's a much older gentlemen and obviously likes to do things as they were done back in the day but should I suggest a normal closing or is this method ok? If it's ok, what should I be doing to protect myself?

TIA...

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