Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY)

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Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

I remember a suitcase full of money that was immediately whisked away! And a few hours later there was a settlement. And a year later the FBI and the IRS had some questions to which I turned over all my notes. The buyer did not stay in that home but was transferred to THE BIG HOUSE

Dec 20, 2018 09:23 AM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

   A Tallahassee Broker had a cash buyer come to her office about an hour prior to closing.  He had a briefcase with $900,000 cash.

   The Broker called the Tallahassee Police Department.  Not to report the guy, but for an escort with the Buyer, back to his bank where he had withdrawn the money.  The Title Company would only accept wired funds or a cashier's check, not $900K in cash. 

     The police sent a squad car, the broker and buyer followed in her vehicle.  Buyer exchanged the $$$ for a cashier's check.  

Dec 20, 2018 10:40 AM
Rainmaker
528,152
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Our escrow companies will not accept cash, unless it comes from a bank. If those baby jars filled with cash were first deposted in a bank and from there, a cashier's check was produced, we would be fine.

Dec 20, 2018 09:44 AM
Rainmaker
1,839,437
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

All of my cash sales have been with wire or a cashiers check Andrew Mooers | 207.532.6573 

Dec 20, 2018 09:16 AM
Rainmaker
1,707,347
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

He must be really old since that hasn't been allowed for many years.

Dec 20, 2018 09:07 AM
Rainmaker
967,583
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I have not experienced sale where buyer brought all cash to the table

Dec 20, 2018 10:05 AM
Rainmaker
3,878,309
Richard Weeks
Dallas, TX
REALTOR®, Broker

I've never had a buyer bring cash to a closing.  I represented a buyer and the seller was upset because it was a cash deal; however, the title company would only issue him a check or wire him the funds.

Dec 20, 2018 09:40 AM
Rainmaker
563,329
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

These sound like movie scripts... I have never experienced anything like these - my cash deals have all been wire transfers or certified bank check.  The eventful part is the 'passing of the keys' - when tears, hugs and well wishes are shared!

Dec 20, 2018 09:36 AM
Rainmaker
3,913,280
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Never any cash, cash sales! Just cash that was wired. In NYC we occasionally had Russians who wanted to bring cash in briefcases... the answer was always no... you just knew this was a form of laundering money.

Dec 20, 2018 10:40 AM
Rainmaker
4,026,147
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Cash sales with real cash are not happening these days. Too many deposit rules. No title company I know accepts cash any longer.

Dec 20, 2018 10:37 AM
Rainmaker
1,362,548
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nice.  Still allowed in CA IIRC.

Dec 20, 2018 10:35 AM
Rainmaker
3,961,966
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

The "all cash" transactions I have been involved with in real estate have been rather "hum-drum" in comparison. That's okay.

Dec 20, 2018 10:15 AM
Rainmaker
869,671
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yeah. Mr Infowars does not believe in Banks. Closed his deal with $155,000 in Cs. Escrow officer and bank manager met him at the escrow company's bank to fill out the paperwork, tender the funds and issue receipt. And then we closed. 😎

PS remember the question about Slydial? He was one of the ones that I absolutely HAD to use it with.

Dec 20, 2018 12:21 PM
Rainmaker
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Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Interesting, never had a cash cash deal.

Happy Holidays!

Dec 20, 2018 12:01 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Once sold a home to a 94 year old investor who insisted on buying the home for sentimental reasons (it had been her first flip back in the 40's) .

Came to closing with a card table and a box of cash.  We spent a lot of time counting all that cash.  

And then when I brought it to the bank they freaked out a bit and proceeded to ask me a million questions about where I got so much cash.

Dec 20, 2018 11:26 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

All of my cash sales have been wired funds into escrow. 

Dec 20, 2018 10:53 AM
Rainmaker
869,324
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I have never had a "real" cash transaction. Only "legal" cashiers checks and wires. Escrow companies will not take "green" cash. Too many rules due to money laundering and other illegal activities.

Dec 20, 2018 11:01 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I am unable to match your stories.

Dec 20, 2018 10:59 AM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

My sister's in laws bought a building around 1950 in gold bars. Unfortunately, it was not regulated and the seller was just a property manager.  He fled.

The Court House sale only accepted certified cheques. No exceptions. 1 1 MIl, a few 100K, 10Ks etc. 

 

Dec 20, 2018 03:39 PM
Rainmaker
2,611,820
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

For centuries people have hid their money and there is no new hiding places either. Caves, buried, under trees, mountains, Forrest's, backyards, roads, rocks, and well...turn to anything and their is something buried there at some point or still is....

Dec 20, 2018 01:15 PM
Rainmaker
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Wow!  I have had cash transactions but never as interesting as the ones you have listed above, Andrew Mooers | 207.532.6573 

Dec 20, 2018 12:47 PM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

No cash stories here - our attorneys don't accept anything but, wired funds (over $5K)!

Dec 20, 2018 12:35 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Andrew,

We had a client with suitcases of money to pay for his first month rent and two months secuity deposit on prime space in Beverly HIlls.  This amounted to a very large number.  We ran across the street to the bank to put it into our escrow account.  A

Dec 20, 2018 12:29 PM
Rainmaker
1,698,448
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Too populus here for that nonsense but every once in awhile a senior tries it. Or, they ask me how to bring the money (suitcase?) to closing.

Dec 20, 2018 12:19 PM
Rainer
133,898
Ken Jones, ASA | Broker & Appraiser
Kenneth J. Jones, Inc./Global Valuations - Newark, NJ
Commercial Real Estate Broker & Appraiser

Andrew Mooers | 207.532.6573 I once sold 2 new homes (next door to each other) to a Chinese man who owned 2 restaurants; one for he and his wife, the other for his workers.

At closing, he brought in a brown paper bag that looked like it might be his lunch.

However, when it came time to make the final payment, he opened the bag, turned it upside down, and out came neat little packets of $100 bills in wrapped stacks of $1,000 each.

Now, THAT was a stunner.

Dec 21, 2018 04:45 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Nothing crazy like that. But i did close a cash sale in 4 days with money wired from abroad. It was a new constructions, so no contingencies. 

Dec 21, 2018 12:00 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I haven't had that experience but have heard stories of buyers coming in with wads of bills for closing. Like the good old days!!

Dec 20, 2018 08:59 PM
Rainmaker
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Our title companies do not accept cash bills at closing. Wire the funds or bring a cashiers check and you have a deal!

Dec 20, 2018 07:43 PM
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

No cash deals for me Andrew, though two agents I know have experienced it. The cash had to be taken to the bank and exchanged for cashiers checks.

Dec 20, 2018 06:11 PM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I had one cash deal with a seller who insisted upon cash being brought to closing.... a briefcase full of cash..... a security guard was hired to escort the buyer and that guard stayed at the table during the closing.....

Dec 20, 2018 05:21 PM
Rainmaker
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Wow.

Dec 21, 2018 12:00 PM
Rainmaker
280,449
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

Long ago, we had an elderly lady show up for a Friday afternoon closing with over $200K in  a shopping bag.  Escrow officer almost had a heart attack! Buyer went across the street to a local bank and traded cash for cashier's check!

 

Dec 21, 2018 07:27 AM
Rainmaker
3,298,039
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Last year I had a man who came in to purchase with a suitcase full of cash. It was a 120k and the closing company would not take it. Made him go get a bank check 

Dec 21, 2018 06:12 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

None.

Dec 20, 2018 06:13 PM
Rainmaker
4,742,199
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wow, cannot top that, all my cash deals have been a wire.

Dec 26, 2018 07:12 AM
Rainmaker
3,843,365
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Sounds like my grandparents.

 

Dec 24, 2018 10:28 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I seen a cash deal that the new owner was put in jail right after close.

Drug money

Dec 24, 2018 03:12 AM