Posted by Mary (CA) on November 03, 2007 at 18:05:45:
Don’t know whether they’ll take you seriously, but you don’t have to put up any money. Your signature is sufficient to make a deal. (Dumb realtors might not know this; but most should.) A lot of realtors tell their non-business clients that the buyer should put up earnest money - but I’d think banks ought to know that it’s not necessary.
Considering the shenanigans the banks were doing (non- enforceable contracts that only they could get out of, etc.) I’m trying to avoid putting any money up. Though with last one, I gave them $1,000 check on $980k property AND I said Mary Nichols and/or assigns. (they didn’t reject; just said come back with my best offer)