I just sold my parents' house (both died this year) and we are finishing up with the escrow business. Our realtor is driving over here sometime this week to give me the remaining papers to sign and to exchange a few items. She said the escrow company would pay me by check or wire transfer. Which would you prefer (if you were me--not giving you my money! ;-) ?
With wire transfer, I believe the funds hit the recipient account immediately, but I am not happy having my account number out there and I worry that something will get screwed up and it'll go to the wrong account/person. I realize this would eventually (likely!) get cleared up, but I'm in no mood for yet another hassle!
With check, my credit union places a 10-business-day hold on amounts larger than 10K and I don't like waiting. Checks can also get lost in transit, etc.
It seems like 6 in one, half-dozen in the other. Any thoughts on why I should prefer one method over the other? Thanks.