Their aggressive dismissal of the concern is not a good look.
If you have suggestions more than "don't trust this random internet tool even if it gives you free advice, regardless of the value it offers", please let me know [thanks emoji]
A great analogy would be a website that asks users to provide their usernames and passwords for sites to see if it’s a strong password or if it’s been compromised. “Sorry, the credentials stouset / hunter2 were found in our database for Hacker News.”
Sure maybe you’re a saint and don’t store or misuse this data. But such a site would in the best case be training users to do a very wrong and dangerous thing. In the worst case you get breached by attackers who do use the collected data to do evil.
Yes many banks charge $30 or more for a wire transfer, but I'd rather just pay the $60 than have a large sum wire transfer lost, stolen, etc.
Some banks/Brokerages are sane and do not charge extra for wire transfers. Fidelity is one such. BOA also(if you have enough assets there, $100k will do it).
My experience was that I was told to send the cashier's check using overnight FedEx because they did not have office in my area.
AFAIK house sale prices (ie. property transactions) are open in many (most?) jurisdictions.
>and swoop the deal with a slightly better offer
How does that even work? The winning bidder is presumably someone who gave the highest offer. Why would another company pay above and beyond that, considering that there's probably several other serious buyers who aren't willing to pay more?
But it doesn’t need a lot of the data in that document, so really they need a way to redact all the unnecessary data to require less trust.
Edit: words.
A lower all cash offer (say $975K) is likely a better offer for the seller because it reduces the risk for them and closes the transaction much quicker than a mortgage transaction.
I have been a buyer in two transactions where my offer was slightly lower than the highest bidder, but with better terms.
Do sellers in the US know how large your down payment is? AFAIK that's not a thing in Canada. Offers either have a financing condition, or don't. If the offer doesn't have a financing condition, the buyer might be paying cash. But they could just be trying to present an offer with better terms, gambling that they'll definitely find financing somewhere or the other.
In my country all that plus your social security number and tax declarations etc are public information. What's your opinion on that?
Gotta figure this one out...
