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3. How long does the Escrow process take?
Generally after the escrow agent has received all required information, and is provided with copy passport of the authorises persons from the buyer and seller, it will carry out the client due diligence process, which might take a few days. Mean time the buyer and seller are provided with the escrow proposal and if acceptable to buyer and seller, and the client due diligence being positive, the escrow agreement can be made and signed. This process might take a few days. Our experience is that it generally takes a week from start of the enquiry to the escrow agreement having been signed by buyer and seller. Afterwards it is up to buyer to pay into the escrow account which might take as little as 1 day.
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