Frequently Asked Questions
Buyer's Contract and Escrow Support
Find essential information on how homedeallex guides you through contract verification and escrow management for a seamless property purchase experience in Singapore.
Our team reviews every clause, term, and legal detail in your property agreement to identify potential risks and ensure compliance with Singapore regulations. We provide a concise report outlining necessary amendments and highlight sections that require attention.
We act as an intermediary between buyers, sellers, and law firms to manage the holding and disbursement of deposits. Our escrow coordination ensures that funds are released only when contractual conditions are met, adding an extra layer of protection.
A licensed trust account under our oversight holds the deposit securely. We liaise with your legal counsel to verify milestones before authorizing any release, maintaining transparent records throughout the process.
Buyers should supply a signed draft Sale and Purchase Agreement, identification proof, and proof of deposit. We can guide you on gathering all necessary paperwork to avoid delays in reviewing and coordinating the escrow.
Typically, contract review and escrow setup can be completed within 5 to 7 business days, depending on document complexity and response times from involved parties. We keep you informed at every stage.
All fees are outlined upfront in our service agreement. We charge a flat coordination fee based on property value brackets with no hidden charges, ensuring cost transparency.