Good checks acceptedHome buyers might be surprised that there’s a right and wrong way to draft the check for the initial deposit or earnest money when a real estate contract is presented here in Silicon Valley.

Right way – Be Specific:

  • Find out the name of the title company and make the check payable to that particular title company
  • Put the property address in the memo line
  • Write a new check for every offer

Wrong Way – :

  • Leave a big, blank space and write only Title Company in the “to” line
  • Write a generic initial deposit number that has nothing to do with your offer (not 3% of the offer amount)
  • Leave the date blank so that your agent or someone else can fill in the date later (with different hand writing & ink)

Why does it matter?  The first way, the seller and listing agent know that you are interested enough to find out where escrow is opened and to write a check for this particular property.  The second way is as if you are throwing spaghetti at a wall to see if it will stick. (Yes, throwing cooked spaghetti at a wall IS a good way to know if it’s cooked, but it doesn’t work well for much else in life.)

Perhaps if your offer is the only one, the effort you put in with this small detail will seem moot.  But if you are up against multiple offers, shortcuts on your part, or your agent’s, will count against you.  Put it this way: if you don’t look serious when you’re trying to make a good impression (think of a courtship), how will you be in escrow (think marriage)? If it’s bumpy now, it doesn’t bode well for the future – and you might be eliminated from the running since you’ve failed to make a better first impression.    So slow down and do it right!

  1. 3 beds, 3 baths
    Home size: 1,916 sq ft
    Lot size: 1,507 sqft
  2. 4 beds, 2 baths
    Home size: 2,432 sq ft
    Lot size: 43,560 sqft
  3. 2 beds, 3 baths
    Home size: 1,351 sq ft
    Lot size: 1,041 sqft
  4. 2 beds, 2 baths
    Home size: 1,140 sq ft
  5. 2 beds, 1 bath
    Home size: 728 sq ft
  6. 5 beds, 3 baths
    Home size: 2,479 sq ft
    Lot size: 12,283 sqft
  7. 4 beds, 3 baths
    Home size: 2,467 sq ft
    Lot size: 5,998 sqft
  8. 4 beds, 4 baths
    Home size: 3,525 sq ft
    Lot size: 20,094 sqft
  9. 4 beds, 3 baths
    Home size: 2,427 sq ft
    Lot size: 4,817 sqft
  10. 5 beds, 3 baths
    Home size: 2,399 sq ft
    Lot size: 6,298 sqft

See all Real estate matching your search.
(all data current as of 7/28/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

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Silicon Valley real estate,
focus on home selling

Silicon Valley Real Estate Report
Silicon Valley real estate
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Mary’s Blog Awards
Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
2016: Coastal Group OC's list of best Realtor blogs


The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers


Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


Non blog award


Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News

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