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Originally Posted by Markus
I have found a 1 Bed apartment in I.C to buy for 760k all in, but have a major concern with depositing this amount of money into a Agent/Real Estate Brokers Bank Account while the deal is being done incase they go out of business from the time the money is deposited into there bank account until I receive the title deeds which is quite possible in today global credit crunch. What is the safest way to do the deal,is it possible for me to deposit the money straight into the sellers bank account and then pay the Agent/Real Estate Broker his commission directly.
Any information greatly appreciated.
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The price is good. Can anyone tell if the price has decreased ??. Never play into any agents hands..RERA or no RERA certified. RERA will not be able to do a damn thing if the agent runs away with your money.
If it's a cash deal, get a bank certified cheque for the amount and hand it over when the deal is to be done. Never play into anybodys hands.
Good luck.
Roshan