If I make an offer to a fsbo, I make the checks out to the title co correct? So I wouldn’t actually give the seller anything right except maybe a copy of the contract?
option check goes to seller, earnest goes to title company
correct.
You can also keep a few thousand dollars in escrow with the title company. This way they can assign the money to your contracts as you obtain them.
Make sure to write, “upon acceptance” with regard to all of your escrow monies.
This way you are only required to have money in escrow for the properties you currently have under contract. If your wording suggests the money is already there, you will need to have funds to represent every offer you present to a seller.
Matt