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The earnest money must be deposited as soon as possible at the chosen title company to be held in an escrow account. Funds can be in the form of a check, cashier’s check or money order. The buyers or their agent will take the check to the title company with a copy of the accepted contract so they can open escrow. Who gets to retain the earnest money if the deal falls through? In case of a dispute, the escrow company will release or hold escrow funds at their discretion. Naturally, all cases are different- but we will do whatever we can to argue that you should retain the earnest money if you are entitled to it.
The Property Aces Team of Long Realty are thrilled to be your go-to real estate agents in Oro Valley, AZ. We also proudly serve the surrounding areas of Marana, Catalina and Tucson. Want to sell a home in Oro Valley? Interested in learning more about buying and selling real estate in Tucson and the surrounding areas? Want to know how much your Tucson, Marana, Catalina or Oro Valley home is worth? We are here for you- seven days a week!