Real estate escrow. Held. Audited. Released on close.

“It saved my deal from falling apart and guaranteed the payout upon the successful completion of the transaction.”

I am a Real Estate Agent and I deal with a lot of uncertainties in Real Estate Transactions. One of the main things is the lack of commitment between the stakeholders in the early stages of the transaction. In a recent transaction, I worked really hard to find a good property for the buyer, but there was hesitation on the buyer’s side due to this being his first purchase. He was hesitant to commit to signing an Agreement for Sale and did not like being forced into paying an advance on a short notice. He wanted to check with his elders and friends and do a lot more due diligence before moving forward. At the same time, I could sense the seller’s restlessness because he was getting many offers and he did not have time for jittery buyers. I had a bad feeling that this deal was going to fall apart after weeks of hard work.

Here’s where Realtimate helped me greatly. My friend introduced me to Realtimate which has a Memorandum of Understanding (MOU) where the buyer and seller could engage instantaneously and sign the MOU digitally plus any money exchanged like token advance / booking amount could be deposited into an Escrow account that was created for each individual transaction. Both, the buyer, and seller were really happy as it addressed both their concerns, protection of the money exchanged as well as established seriousness. But most importantly, it saved my deal from falling apart and guaranteed the payout upon the successful completion of the transaction. From then onwards, I decided to use Realtimate for every real estate transaction.