Why Can't I Bring a Check to Closing?

Buyer:  We are close to closing, and trying to plan for the big day.  Let us know how much we will need at closing, so we can write a check.

This is an exciting day, and within a week, you will own a home!     Per the contract at closing, funds must be in the form of  "Good Funds".   A personal check is not considered good funds, as it would need to clear before the closing will be funded.   We fund at the table, and at the end of the closing, you will get the keys to your new home.   

Your funds will need to be in the form of a Cashier's Check or a wire transfer.     I will check with the specified title company and see what their requirement will be, and most likely you will get a cashier's check made payable to the title company.    Some may require a wire, depending on the total amount you need to bring to closing, and cash transactions are almost always required to have a wire transfer.     I have had VA buyers with a small amount due at closing, and title companies have required a cashiers check even with a small amount!  

Some title companies have required ONLY wires, as some buyers have purchased a cashier's check made payable to themselves, taken a copy and re-deposited it, then brought it to closing, and there were no funds to fund the transaction.   

Side note:   You were able to write a check for the earnest money, but the title company knows there will be 4-5 weeks prior to closing, and a check takes up to two weeks to clear.   If the check does not clear, more than likely the transaction will not go forward to closing.  

Congratulations, at the end of the closing - the home is YOURS!