Step 1: Start by exploring our website to locate a prospective buyer or seller.
Step 2: Once you’ve connected with a potential party, initiate a checkout ticket. In this stage, both participants join the checkout ticket to finalize transaction details such as:
- The property being transacted
- Agreed price
- Selected payment method
Step 3: The SWAPD team will then verify all aspects of the transaction, including our service fee (a modest charge plus applicable money transfer fees). Sellers can estimate their transaction costs using our fee calculator.
Step 4: Following agreement on the deal terms, both parties consent to entrust SWAPD with both the payment and the property (this also applies to services).
Step 5: We then confirm receipt of the payment and ensure the property is securely held.
Step 6: After a thorough inspection and mutual confirmation that all is in order, along with our mandatory grace period, we proceed to distribute the property and payment (minus our service fee) to the respective new owners.
This process is the essence of our escrow (middleman) service. Our aim is to provide a secure transaction environment, ensuring the authenticity and legality of properties exchanged within our network.
Note: This procedure is equally applicable to transactions conducted through SWAPD Auctions.