Brackenfell
96 Ferndale Street Brackenfell Cape Town 7560
Mo- Fri - 8:00am - 16:00pm
Brackenfell
96 Ferndale Street Brackenfell Cape Town 7560
Mo- Fri - 8:00am - 16:00pm
Buy and sell safely with Barkhuizen Attorneys Escrow service
Barkhuizen Attorneys will act as an impartial third agent of any sale agreement made between parties pertaining to money, property or movable assets with a legally binding undertaking.
By means of using Barkhuizen Attorneys Escrow service which safeguards the buyer’s funds in a trust until the seller delivers what was promised in the agreement entered into between the buyer and the seller.
Hereby, also providing The Seller and Buyer with the peace of mind of the legitimacy of the entire sale process.
As the trade will only start when the buyer has deposited the agreed funds into the Escrow account.
Enabling the Seller to deliver the product / goods/ services /property or movable assets with full knowledge that the funds are available as per the agreement entered into.
Safeguarded by the undertaking that the Buyers funds will be released to the seller after delivery and inspection passed of such delivery with no disputes in the terms of the agreement entered into.
Safeguarding both parties.
1. Find the product, goods, services, property or movable assets you would like to purchase.
2. Inform the Seller that you will be using Barkhuizen Attorneys Escrow services for your transaction.
3. Register your transaction with Barkhuizen Attorneys.
4. Once an agreement has been reached between the parties, the Buyer will deposits the agreed funds via EFT into the Escrow account of Barkhuizen Attorneys which is an interest bearing account.
5. Barkhuizen Attorneys will notify all parties once the funds have been verified and cleared.
6. All parties will received a signed confirmation letter that the funds has been received and will be safeguarded in Escrow.
7. Barkhuizen Attorneys will send an email and sms to each party during each step of the transaction.
8. The seller will now deliver/ dispatch the product/ goods/ services to the Buyer.
9. There is a pre agreed time period to deliver and inspect the product/ goods/ service. If all the obligations was met by the Seller and the Buyer is in agreement, the funds will be released to the seller.
10. All interest earned on the Escrow account will be transferred to the buyer on completion of the transaction.
11. If the product/ goods/ service is not to the Buyers standard, the Buyer can renegotiate certain terms of the deal, request an extension to the delivery and inspection periods or lodge a dispute.
12. In the case of a dispute the funds shall remain safeguarded in Barkhuizen Attorneys Escrow account until the parties have reached an agreement or Barkhuizen Attorneys are ordered by a court of law what action should be taken.
1. Find the product, goods, services, property or movable assets you would like to purchase.
2. Inform the Buyer that you will be using Barkhuizen Attorneys Escrow services for your transaction.
3. Register your transaction with Barkhuizen Attorneys.
4. Once an agreement has been reached between the parties, the Buyer will deposits the agreed funds via EFT into the Escrow account of Barkhuizen Attorneys which is an interest bearing account.
5. Barkhuizen Attorneys will notify all parties once the funds have been verified and cleared.
6. All parties will received a signed confirmation letter that the funds has been received and will be safeguarded in Escrow.
7. Barkhuizen Attorneys will send an email and sms to each party during each step of the transaction.
8. The seller will now deliver/ dispatch the product/ goods/ services to the Buyer.
9. There is a pre agreed time period to deliver and inspect the product/ goods/ service. If all the obligations was met by the Seller and the Buyer is in agreement, the funds will be released to the seller.
10. All interest earned on the Escrow account will be transferred to the buyer on completion of the transaction.
11. If the product/ goods/ service is not to the Buyers standard, the Buyer can renegotiate certain terms of the deal, request an extension to the delivery and inspection periods or lodge a dispute.
12. In the case of a dispute the funds shall remain safeguarded in Barkhuizen Attorneys Escrow account until the parties have reached an agreement or Barkhuizen Attorneys are ordered by a court of law what action should be taken.
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1. If you act as a broker/ Intermediary/ Agent in a transaction where the transaction involves more than one beneficiary or transacting party we can also help.
2. Structure the deal and inform all parties that you will be using Barkhuizen Attorneys Escrow service for your transaction.
3. Register your transaction with Barkhuizen Attorneys.
4. Once an agreement has been reached between the parties, the Buyer will deposits the agreed funds via EFT into the Escrow account of Barkhuizen Attorneys which is an interest bearing account.
5. Barkhuizen Attorneys will notify all parties once the funds have been verified and cleared
6. All parties will received a signed confirmation letter that the funds has been received and will be safeguarded in Escrow.
7. Barkhuizen Attorneys will send an email and sms to each party during each step of the transaction.
8. The seller will now deliver/ dispatch the product/ goods/ services to the Buyer.
9. There is a pre agreed time period to deliver and inspect the product/ goods/ service. If all the obligations was met and all parties are in agreement, the funds will be released as agreed.
10. All interest earned on the Escrow account will be transferred to the buyer on completion of the transaction.
11. If the product/ goods/ service is not to the Buyers standard, the Buyer can renegotiate certain terms of the deal, request an extension to the delivery and inspection periods or lodge a dispute.
12. In the case of a dispute the funds shall remain safeguarded in Barkhuizen Attorneys Escrow account until the parties have reached an agreement or Barkhuizen Attorneys are ordered by a court of law what action should be taken.
1. If your transaction must be split into a number of milestones or progress payments be it in the construction, commodities or project sectors etc. Barkhuizen Attorneys will help.
2. Structure the deal and inform all parties that you will be using Barkhuizen Attorneys Escrow service for your transaction.
3. Register your transaction with Barkhuizen Attorneys.
4. Once an agreement has been reached between the parties, the Buyer will deposits the agreed funds via EFT into the Escrow account of Barkhuizen Attorneys which is an interest bearing account.
5. Barkhuizen Attorneys will notify all parties once the funds have been verified and cleared.
6. All parties will received a signed confirmation letter that the funds has been received and will be safeguarded in Escrow.
7. Barkhuizen Attorneys will send an email and sms to each party during each step of the transaction.
8. The Seller will now deliver/ dispatch the product/ goods/ services to the Buyer. Barkhuizen Attorneys will released the funds as per agreement on each milestone reached together with a progress report from the Buyer.
9. There is a pre agreed time period to deliver and inspect the product/ goods/ service. If all the obligations was met and all parties are in agreement, the funds will be released as agreed.
10. All interest earned on the Escrow account will be transferred to the buyer on completion of the transaction.
11. If the product/ goods/ service is not to the Buyers standard, the Buyer can renegotiate certain terms of the deal, request an extension to the delivery and inspection periods or lodge a dispute.
12. In the case of a dispute the funds shall remain safeguarded in Barkhuizen Attorneys Escrow account until the parties have reached an agreement or Barkhuizen Attorneys are ordered by a court of law what action should be taken.
1. Barkhuizen Attorneys has the capability to open a call account in the Buyers name at FNB. This means that the funds will be safeguarded in the name of the Buyer under Barkhuizen Attorneys’ control. The funds will only be released to the Seller once the contract condition has been fulfilled.
The Escrow transaction fee can be paid by either the Buyer or the Seller or split equally between the parties. Fees are calculated as a percentage of the transaction amount.
| TRANSACTION VALUE (VAT Including) | |||||
| FROM | TO | FEE (VAT Including) | |||
| R1 000 | R10 000 | 1,00% | |||
| R10 001 | R100 000 | 0,90% | |||
| R100 001 | R500 000 | 0,80% | |||
| R500 001 | R1 000 000 | 0,60% | |||
| R1 000 001 | R5 000 000 | 0,40% | |||
| R5 000 001 | R10 000 000 | 0,30% | |||
| R10 000 000 + | 0,25% | ||||
Complete the online Registration form.
Company Registration documents
If applicable, any agency or wholesale licenses dependent on the sector.
Copy of ID – Representative.
Resolution from company giving authority to Representative.
Copy of ID – Director
Bank Account details – In the form of a confirmation letter from the bank.
Signed Escrow agreement specifying who will be paying the escrow fee.
Complete the online Registration form.
Company Registration documents.
If applicable, any agency or wholesale licenses dependent on the sector
Copy of ID – Representative.
Resolution from company giving authority to Representative.
Copy of ID – Director.
Bank Account details – In the form of a confirmation letter from the bank
Signed Escrow agreement specifying who will be paying the escrow fee
Copy of ID document
Bank Account details – In the form of a confirmation letter from the bank
Signed Escrow agreement specifying who will be paying the escrow fee.
Complete online Registration form.
Copy of ID document
Bank Account details – In the form of a confirmation letter from the bank
Complete online Registration form.
Click on the blue buttons below to complete the online registration forms
If you feel uncertain, unsafe or insecure about a transaction, you should use our Escrow service. When requested to pay a deposit or full amount of the transaction upfront before receiving the goods/ products/ services OR if you need to make sure that the Buyer is not wasting your time and do have the funds available for the transaction, use our Escrow service.
Barkhuizen Attorneys will stay an independent and impartial third party who has no interest in either party involved in the transaction. If a dispute between the two parties arises and cannot be resolved then we will direct the parties to arbitration and act on the written instructions of an independent arbitrator or court of law.
This service is to reduce the risk of any fraud in any transaction were money must change hands. Our Escrow service safeguards the Buyers funds in a trust until the Seller delivers what was promised in the agreement entered into between the Buyer and Seller. The Seller has peace of mind as the trade will only start when he Buyer has deposited the agreed funds into the Escrow account for the Seller to deliver knowing the funds are available as per the agreement made.
Funds may be transferred to Barkhuizen Attorneys via EFT (electronic funds transfer).
NO cheques will be accepted, only EFT payments.
Yes, it is a registered Trust account.
The length of the transaction all depends on the Buyer and the Seller, or all parties directly involved in the transaction. When goods/ products/ services has been delivered to the satisfaction of the Buyer funds will be transferred.
The minimum transaction Barkhuizen Attorneys will accept is R1000, but there is no maximum.
Not at this stage.
