Banque Misr & Bidding House Collaborate to offer Indias first escrow Service for all
ESCROW service @ biddinghouse.com
- Enhanced Security: Ensures both buyers and sellers are protected from fraud, providing a safe transaction environment.
- Trust and Confidence: Builds trust between parties by guaranteeing funds are securely held until all conditions of the sale are met.
- Neutral Third Party: Offers an unbiased intermediary to manage and oversee the transaction, ensuring fairness.
- Risk Mitigation: Reduces the risk of non-payment for sellers and non-delivery for buyers
- Simplified Process: Streamlines the buying and selling process with clear guidelines andsteps, making transactions smoother and more efficient.
- Transaction Transparency: Provides clear records and updates, keeping both parties informed throughout the process.
Guarantee peace of mind with Bidding House escrow service, in partnership with Banque Misr
How Bidding House Escrow Service Works
- Application: Seller, Buyer or Broker Apply for escrow
- Documentation:: Bidding House will send an email with all documents required
- Contract: Seller and Buyer agree to terms of Escrow and instructions.
- Escrow Account Set Up: Account is opened with Banque Misr in 24 hours.
- Secure Holding: Banque Misr solely manages the account.
- Funds Transfer: Banque Misr will transfers funds after all contractual obligations are met.
Escrow Services are best for
Sellers:
- Secure Payments: Avoid the risk of accepting suspicious checks or handling large sums of cash.
- Inheritance and Co-ownership: A reliable method to ensure that funds are correctly and securely distributed among multiple owners.
Buyers:
- Safe Fund Transfers: Transfer funds securely to the seller, eliminating the risk of fraud.
- Transaction Security: Guarantees that both the property and funds are exchanged according to the agreed terms.
Brokers:
- Commission Guarantee: Your commission is protected and transferred directly to your account.
- Trust Enhancement: Minimizes the risk of failed transactions by building trust between your clients.