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Starr I.
  • Real Estate Investor
  • Charlotte, NC
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Multiple offers and one earnest check

Starr I.
  • Real Estate Investor
  • Charlotte, NC
Posted

Hello:

I am writing offers on multiple properties and am using one earnest money check.

My question is to whom do I make the earnest money check out to? (closing attorney?)

Thanks

Most Popular Reply

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J Scott
  • Investor
  • Sarasota, FL
17,211
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Assuming these are REOs, just make the check out to the listing agent's brokerage...

Personally, I keep one check in my scanner, and each time I make an offer, I scan the check and fill in the copy. I then include that copy with my offer. I have used the same check for probably 100 offers at this point.

If/when an offer is accepted, the listing agent will likely require certified funds, and the initial check will be ignored.

Unless your agent is unwilling to handle things this way (e.g., they ask for an actual separate check for each transaction), this is the easiest way to handle it, and saves you from going through 10 checks a day... :)

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