How to deal with earnest money?

How to deal with earnest money?

I just started putting offers in with my new Real estate agent. He said I need earnest money.

What is the best way to find an escrow account that I can use for ALL my offers ??

EDIT: I just got off the phone with 2 of my local REIA board members. It really is crazy how closed minded they were. It seems people are really STUCK in conventional real estate thinking...

I got a couple leads I'm going to follow for local escrow accounts. LOCAL banks seem to be te way to go...

__________________

Doin DEALS !


Title/abstract co's

You can search and call up local title & abstract companies and see what they recommend. If you have a re attorney, they should be able to recommend some too.

Regarding REIA board members, a lot of people play to their strengths. Somebody in an administrative position doesn't necessarily mean they know everything to get to that point. An example would be from my past life as a machinist. The shop supervisor was a great manual machinist but knew very little of CNC (computer-enabled) machining. Yet he was still the supervisor.

It all comes down to your goals, when the student's ready, the teacher will appear. If someone isn't looking for a particular strategy or info, they won't be bothered by the lack of it.

Good Luck!

lewisthepilgrim wrote:
I just started putting offers in with my new Real estate agent. He said I need earnest money.

What is the best way to find an escrow account that I can use for ALL my offers ??

EDIT: I just got off the phone with 2 of my local REIA board members. It really is crazy how closed minded they were. It seems people are really STUCK in conventional real estate thinking...

I got a couple leads I'm going to follow for local escrow accounts. LOCAL banks seem to be te way to go...

__________________

Mark K. Cool

Life Disclaimer: Past Failures are NOT indicative of Future Results.

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Do you get...

Do you get many offers accepted without presenting earnest money with Offer?

Maria

__________________

Maria

"Thoughts create words, Words create actions, Actions creates dreams"