All Forum Posts by: Nile Reavis

@Nile Reavis Confirm this with the sellers agent, but what they are probably referring to is a picture of a check that will be used as earnest money if you can come to an agreement on a deal with the sellers. 

I would not give cash to anyone just to make an offer. Your pre-qual or proof of funds is what shows you are a worthy buyer.

Nile Reavis what I believe the agent is asking for is the earnest money deposit, which is common practice to provide. However, I've never gave the earnest money while making an offer, I've always given it once I've gone into contract (there's usually a time frame you must have the money turned over, so it's definitely good practice to have the money available when making the offer). The money will then be held in a trust or escrow account, during the inspection and any due diligence period. If you are to back out of the contract during the allotted inspection/due diligence period, you should receive it back.

Ask for clarification from the agent on whether or not it's earnest money he/she is asking for, and if so, ask why it's being required to make an offer.

Allan

@Nile Reavis  Some type of Ernest Money Deposit is very common but it should be your realtor's brokerage or the title company holding the deposit, so it's not like you are writing a check to the seller or the listing agent.  I would not think anything of it unless it seems unreasonable or you are asked to submit a deposit with no contingencies.