At RI.GE (ReInvest), we are dedicated to making real estate transactions in Tbilisi, Georgia, secure, seamless, and stress-free. Among our many specialized services, we are proud to offer a trusted escrow service that acts as a cornerstone of safe property transactions.
Whether you’re a buyer, a seller, or an investor, our escrow service provides a layer of protection and professionalism, ensuring your real estate dealings are carried out with complete transparency and security.
An escrow service is a secure financial arrangement where a neutral third party—like RI.GE—holds and regulates funds or assets during a transaction until both parties meet the agreed-upon terms. For real estate transactions, this means that funds are securely held until all conditions of the sale or purchase agreement are fulfilled, such as property inspections, document verifications, or deed transfers.
This process eliminates risks for both buyers and sellers by ensuring money is safely managed and only released when all terms of the agreement are satisfied.
At RI.GE, we understand that buying or selling property is a significant financial decision. Our escrow service is designed to protect your interests and ensure a smooth transaction process.
Here’s how we do it:
Secure Fund Management: We hold funds – such as the common $2,000 initial deposit for property transactions – in a secure, neutral account. These funds remain safely managed until both the buyer and seller fulfill their contractual obligations.
Neutral and Impartial: As a neutral third party, we act in the best interests of both buyers and sellers, ensuring funds are released only after the property transfer has been confirmed.
Local Expertise and Legal Compliance: Our services adhere to Georgian laws and all relevant legal standards, giving you peace of mind that your transaction is compliant with local regulations.
Streamlined Transaction Process: By handling all financial aspects of the transaction securely and efficiently, we simplify the buying and selling process.
Agreement Setup: Both parties agree to use RI.GE’s escrow service as part of their transaction.
Deposit Secured: The buyer places their deposit in our secure escrow account.
Terms Fulfilled: RI.GE monitors the transaction, ensuring all terms of the sale agreement are met, such as property inspections, legal documentation, and deed transfers.
Funds Released: Once all conditions are satisfied, we release the funds to the seller, completing the transaction.
As a leading real estate agency in Georgia, RI.GE is more than just a service provider – we’re your partner in making your property transactions successful. With years of local experience, strong knowledge of Georgian real estate laws, and a commitment to quality, we work hard to deliver solutions that meet your needs.
Our escrow services are just one of the many ways we aim to make real estate buying, selling, and investing easier, safer, and more transparent for our clients.
We also provide due diligence services to ensure every transaction is built on a solid foundation of trust and transparency.
The cost of our escrow service varies depending on the transaction size and specific requirements. Please contact us directly for a detailed quote tailored to your transaction.
We typically manage property transaction deposits, such as the standard $2,000 initial deposit. However, we can also accommodate other amounts or custom arrangements based on the transaction.
We use highly secure escrow accounts to hold your funds, ensuring they remain protected until the transaction is completed. Our process complies with all Georgian financial and legal regulations, providing you with the confidence that your money is safe.
The timeline for escrow varies depending on the complexity of the transaction. Typically, the process lasts until all conditions of the sale are met, which can range from a few days to several weeks.
Yes, our escrow services are fully compliant with Georgian real estate regulations and legal standards. We ensure that every transaction meets all necessary requirements, giving you peace of mind.
Yes, we facilitate escrow services for international buyers and sellers involved in Georgian real estate transactions. Our team ensures compliance with both local and international regulations for a smooth and secure process.