TerraVestra learned an important reason yesterday on why its important to bank locally. While wiring money for a closing our money was held by the financial institution we were with due to the size of the transaction. With large banks there is almost nothing you can do about these holds - they have to go through the corporate audit process. With local, small banks they can work with you to know your circumstance and help push your priorities when it matters. This can be the difference between closing a deal and a contract falling apart at the last minute. Make sure to vet your banking thoroughly. It may seem minor but they can absolutely make or brake transactions.
-Mike from TerraVestra Property Management