Tmc:

Typically when you write an offer, you would be required to submit an escrow check with the offer. If you are looking at a bank owned property sometimes they don't require the escrow until your offer has been accepted. As far as the time limit for a response to your offer, this would also depend on the situation with the seller. If it is a short sale, then your wait time will be long. If it is a foreclosed property, you may have a quick response. There are many variables in the current real estate market and this should be discussed with your Realtor and they can guide you through the process.

Best of luck with your home search!

Kathy Phillips, Realtor, e-PRO
Coldwell Banker Residential Real Estate http://www.CentralFloridaHomeSearch.com