Posted by WilliamGA on March 25, 2001 at 21:02:31:
What we did was agree for me to place additional funds there if multiple offers were accepted.
The main reason for wanting to do it this way was to keep from having to write a dozen checks everytime I made offers. The checks go stale after a while and I would have to write new ones. The agent had to keep up with where they were. It all just seemed to be a big pain.
It seemed to be an easier sell than offering no check up front. Very conservative crowd down here.
Look forward to seeing you next week,