Title: The Importance of Using Escrow Services in Real Estate Transactions
Real estate is a valuable investment for securing future financial stability, but the buying process can be complicated and time-consuming. Transactions involve multiple parties, making payments difficult to manage and increasing the risk of fraud. It is important to understand the differences between offline and online transactions, as well as the types of fraud that can occur in real estate.
To protect buyers and sellers, the government has established the Real Estate Regulatory Authority (RERA), which focuses on safety, security, and transparency in the industry. RERA has introduced the concept of Escrow Services, which involves depositing all payments into a trusted escrow account to safeguard transactions.
Castler Escrow Services is India’s Largest Escrow Service provider.