Stolen identity: Zoopla Tel: +44 7754 520 051

Zoopla is a highly successful UK property search website
at http://www.zoopla.co.uk

They are not estate agents; they do not rent or sell properties, they provide a website used by estate agents.

The UK does not do Earnest Money Deposit

So this is identity theft and escrow fraud

Zoopla Estate Agents at http://zoopla-estate.com

The Buying Process: A Step-by-Step Guide

Although the vendor (seller) and the purchaser will have to directly deal with each other to close the sale, they have to go through the following steps with the assistance of Zoopla agents and lawyers in order to simplify all purchase and legal procedures.

The Vendor contacts Zoopla to sell their property, specifying clearly the methods and locations where he wants the property to be advertised (usually on multiple international listing websites). The majority of our clients are foreigners, meaning that their country-of-origin differs from the country where their property is in.
After that, we register his property on our website (hidden from public view) linking it to an ID so he can always keep an eye on our progress in selling it.

In 99% of the cases the Purchasers find our properties on various listing websites (we do not focus on bringing traffic to our website - we expose our products and services directly where our clients look for them). The first contact with the Purchaser will be through email, providing him a detailed presentation of the property and a brief summary concerning the legal matters of the procedures related to the transaction of the current property.

After agreeing to the terms and conditions, the very first section of every standard pre-printed real estate purchase contract form, provides that the buyer of real property to make a deposit of money (generally referred to as an "earnest money deposit" - not to be confused with a down payment). The required earnest money deposit will be held into a maintained trust account of Zoopla - Rental and Earnest Payments Administration. The role of the deposit (especially for international properties) is that it tells us that the Purchaser is serious about entering into a legal commitment to buy. In today's hot real estate markets, it is the only way to differentiate the serious buyers from the non-serious ones.
This will give the Purchaser exclusivity to the property in order to create a purchase contract. A pre-purchase agreement will be made in order to schedule a private viewing (for properties outside Greece and United Kingdom the planning for the viewing will take an extra 3 days).

Is The Earnest Money Deposit Refundable Upon Cancellation?
The pre-purchase agreement contract will allow the return of the earnest money deposit to the buyer within a specified time period, by default 2 days, should the buyer elect to cancel the transaction.

Tel: +44 7754 520 051
Email: [email protected]

Created 7th September 2016 for 1 year only