Earnest Money

In the state of Arizona, the purchase contract is very "buyer-friendly" , and it is rare that a buyer would lose their earnest money—unless they were operating in bad faith or their agent was not on top of things. 

The amount of earnest money can indicate to some sellers your commitment to close on the home. We will chat about what amount might strengthen or weaken your offer—and what is comfortable for you.

Your earnest money must be deposited as soon as possible in an escrow account held by the title company. Funds can be in the form of a check, cashier’s check or money order. (Personal check is usually the most convenient for our clients.) We'll submit the check to the title company with a copy of the accepted contract so they can open escrow and you will be provided with a receipt. 

In the case of a dispute, the title company releases funds to either party in accordance with the contract and AZ law.