Question About Making An Offer....
How does one go about making an offer on a property without having to put up any earnest money?
How does one go about making an offer on a property without having to put up any earnest money?
[ Edited by nbhomes on Date 12/06/2004 ]
Holly,
There has to be valuable consideration to put a property under contract. However, you can either give $10 as your earnest money deposit, or you can use a promissory note. If you intend to put more than $10 down as an earnest money deposit, you should put the funds into escrow with YOUR title company.
Bruce..
For myself I would put a escrow upon acceptance that way you won't hold up any of your money if the offer is not accepted. I wouldn't take a home off the market without a deposit