Banque Misr & Belmazad Collaborate to offer Egypts first escrow Service for all
ESCROW service @ belmazad.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.
How Belmazad’s Escrow Service Works
- Application: Seller, Buyer or Broker Apply for escrow
- Documentation:: Belmazad 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.