Paying for property in cash?

Last activity 27 October 2018 by samagyar

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samagyarNew member20 October 2018 11:04:37

My offer on a house in Hungary was accepted. a month ago. Now, just days before signing the contract the estate agent is telling me the sellers wish to be paid in cash?

Is this normal practice? The estate agent is the main one in Hungary and I am not sure why I need to walk the streets with a suitcase of bank notes to pay someone for a house.

Does anyone know if they have any right to make such a request?

GuestPoster279Guest20 October 2018 11:24:01

214245

Tell the seller to meet you with the agent, and your and their lawyers at your bank. Then the cash can be handed to them within the bank walls. No need for you to walk around with cash. If they what to exit the bank and walk the streets with cash, that is then their problem, not yours. This is how we bought our house.

Quite frankly, I am shocked the "agent" did not suggest this. But, then again... it is Hungary, so actually, no, I am not shocked. The agent is usually working for the seller, not you the buyer. Remember this.

If the sellers insist on cash in hand, but don't agree to this.... walk away from the deal.

samagyarNew member27 October 2018 10:13:15

Thanks for your reply, it is all sorted now.

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