Quote:
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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Hi Markus,
Its better to deal/deposit with the real estate company provided that you should sit in that agents office and ask for a copy of their company/ land dept. license and a receipt should be given to you THAN giving your money directly to the owner because if the owner will run away then, at least you can easily find and sue the company if in case they will do hunky-punky.
Think about it
Regards