In the ever-evolving landscape of property transactions, the rise of cybercrime poses significant risks to buyers. As you embark on the journey of purchasing a property, ensuring the safety and security of your funds is paramount. Enter Buyers Trust, a reliable solution for property purchase investments that prioritizes your peace of mind. In this blog, we will dive into what Buyers Trust offers and how it stands out as a secure option for your property investment needs.

What is Buyers Trust?

Buyers Trust is a property investment solution wholly owned by ooba (Pty) Ltd, licensed by the Financial Sector Conduct Authority (FSCA) under license number 49092. Established in 2018, Buyers Trust has quickly made a name for itself in the real estate industry by providing a safe and efficient way for buyers to manage their deposits and purchase funds. With affiliations to multiple national real estate brands, Buyers Trust has built a network of trust and reliability.

Why Choose Buyers Trust?

1. Safe and Secure Investment Solutions

Buyers Trust offers a secure investment account in your name, ensuring that your deposit or full purchase price is safely managed. Unlike traditional estate agency trust accounts, which are increasingly vulnerable to cyber threats, Buyers Trust provides a third-party fund administration account that limits exposure to phishing risks and cybercrime.

2. Transparency and Peace of Mind

With Buyers Trust, you have full transparency regarding your investment. Monthly statements are uploaded to a user-friendly app, allowing you to track your funds easily. You’ll also benefit from zero forfeiture of interest earnings to the Legal Practitioners Fidelity Fund, meaning more money stays in your pocket.

3. Quick Account Setup

Opening an investment account with Buyers Trust is a swift process. Once the necessary regulatory requirements are met, your account can be established within minutes. This efficiency is crucial in the fast-paced world of property transactions, where time is often of the essence.

4. No Hidden Fees

Buyers Trust prides itself on a straightforward fee structure. There are no hidden banking fees or guarantee fees; the only charge is the Buyers Trust administration fee. This transparency ensures that you know exactly what you’re paying for without any surprises.

Key Features of Buyers Trust

  • Risk Mitigation: With the surge in cybercrime, Buyers Trust has taken proactive measures to ensure the safety of your funds. They only communicate through verified channels and via the cell phone number specified in your Offer to Purchase to mitigate impersonation risks.

  • Non-Resident Accessibility: For non-South African residents, Buyers Trust provides a seamless process to facilitate your investment. They connect you with a currency partner to assist with clearing funds into South Africa, allowing you to invest without needing a South African bank account.

  • Comprehensive Support: The Buyers Trust team is dedicated to providing excellent customer service. A Relationship Consultant will guide you through the necessary security vetting and fulfilment processes, ensuring a smooth experience from start to finish.

What If the Transaction Falls Through?

In the unfortunate event that a property transaction falls through, Buyers Trust has your back. If the sale is canceled without disputes, your invested amount, along with net interest earnings, will be returned to you promptly. This safety net provides added reassurance as you navigate your property purchase.

Staying Safe from Phishing Scams

In addition to the security measures provided by Buyers Trust, it’s essential for buyers to remain vigilant against phishing scams. Always verify sender information, avoid clicking on suspicious links, and independently confirm banking details before making any payments. Buyers Trust emphasizes these practices to protect your investment further.

Conclusion

In a world where property transactions are increasingly susceptible to cyber threats, Buyers Trust emerges as a beacon of safety and reliability. By offering secure investment accounts, transparency, and dedicated support, Buyers Trust ensures that your property purchase journey is as smooth and secure as possible. Whether you’re a first-time buyer or a seasoned investor, consider Buyers Trust as your go-to solution for a safe property purchase investment. Protect your investment and enjoy peace of mind with Buyers Trust today!