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I’m ready to sign the contract today, but my funds for the deposit are tied up in stocks and it will take about a week to transfer them to a checking account. If I provide a check, will the seller’s attorney wait about a week to deposit it?

The seller may not agree to this. Typically, sellers won’t countersign a contract until the buyer provides a deposit check that could be immediately deposited. In the future, you should have the deposit funds in a liquid checking account so that you can access the funds.

Answered by:

Alexander Suslensky

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