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Reply to "Selling stock for down payment - timing?"
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[quote=Anonymous][quote=Anonymous]If you are actively looking for a house do it know. We just bought a house - got the keys two weeks ago). I sold 50,000 dollars worth of stock I had and it took longer than I thought. I had never sold stock before. I had the money in a Vanguard brokerage account. I underestimated the time to settle (close of market plus 3 days), then I didn't realize I had to verify my bank account which took 8 days then transferring the money took three days. The loan officer wouldn't send our docs to the underwriter for final approval until the money was in our bank account as final not pending.[/quote] +1 -- It isn't instantaneous by any means. As to selling because the market dropped, that's what makes the rest of us rich.[/quote]
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