Offer Presentation 

Once a buyer has selected your home, they will sit down with their agent and write an offer. The offer will be written on a standard Arizona Association of Realtors form and is called a Purchase Agreement (and Deposit Receipt). The offer will be accompanied by an earnest money check, which is sometimes referred to as “good faith deposit.” This check will not be handed over directly to you, the seller, but rather made payable to the Escrow Company, a neutral third party. The deposit is fully refundable to the buyer if you do not accept their offer.