Cost of Escrow&Title when wholesaling?

[Michael Mora]

I have a quick question about Escrow & Title when wholesaling. I am new to RE investing and I am going to give wholesaling a shot. I am a Broker but doing this on the side.

My question is when you get a home under contract and you dont have a buyer do you open up escrow immediately or put in the contract that escrow will open after a certain amount of days or weeks so you have a chance to locate a buyer to assign the contract too . I do not want to come out off pocket $500+ to open up an escrow plus more money for title insurance only to find out I cannot find a buyer and escrow & title needs to be paid whether I close or not. Tell me what you guys do?? Any contract recommendations would be nice too. I am a broker but do not want to use my standard realtor forms.

I appreciate all the help thank you all!