How a deal works
- 01Agreement
- 02Deposit
- 03Verification
- 04Signing
- 05Payments
What happens at each stage
- 01
Agreement
What happens
Whoever opens the deal enters the property, the price, the split, and the purchase agreement. Each party gets an invitation and accepts the same rules.
Who acts
Whoever opens the deal and each invited party.
- 02
Deposit
What happens
The buyer verifies their identity and wires from an account in their own name. The money stays in an account in the buyer's name. The seller receives proof of the deposit.
Who acts
The buyer.
- 03
Verification
What happens
A verifier in the country reviews the title, the liens, the owner's identity, and the documents, with evidence for each point. Meanwhile, no one can withdraw the money.
Who acts
The verifier and the seller, who provides the requested documents.
- 04
Signing
What happens
The notary prepares and uploads the deed. Buyer and seller sign and confirm the closing.
Who acts
The notary, the buyer, and the seller.
- 05
Payments
What happens
With two approvals from independent people, each party is paid to their own account. Each one receives a settlement statement.
Who acts
The verifier and the Lefidex team.
Who does what at each stage
| Agreement | Deposit | Verification | Signing | Payments | |
|---|---|---|---|---|---|
| Buyer | Accepts the rules | Verifies identity and deposits | Follows progress | Signs and confirms closing | Receives their statement |
| Seller | Accepts the rules | Receives proof of deposit | Provides the requested documents | Signs and confirms closing | Gets paid |
| Agents | Open the deal and invite | See who is missing | See who is missing | Coordinate the signing | Receive their commission |
| Notary | No tasks | No tasks | Prepares the deed | Uploads the signed deed | Receives their fees |
| Lefidex | Checks the deal is complete | Confirms the deposit arrived | Assigns the verifier | Checks everything was met | Approves payment to each party |
Buyer
- Agreement
- Accepts the rules
- Deposit
- Verifies identity and deposits
- Verification
- Follows progress
- Signing
- Signs and confirms closing
- Payments
- Receives their statement
Seller
- Agreement
- Accepts the rules
- Deposit
- Receives proof of deposit
- Verification
- Provides the requested documents
- Signing
- Signs and confirms closing
- Payments
- Gets paid
Agents
- Agreement
- Open the deal and invite
- Deposit
- See who is missing
- Verification
- See who is missing
- Signing
- Coordinate the signing
- Payments
- Receive their commission
Notary
- Agreement
- No tasks
- Deposit
- No tasks
- Verification
- Prepares the deed
- Signing
- Uploads the signed deed
- Payments
- Receives their fees
Lefidex
- Agreement
- Checks the deal is complete
- Deposit
- Confirms the deposit arrived
- Verification
- Assigns the verifier
- Signing
- Checks everything was met
- Payments
- Approves payment to each party
Frequently asked questions
How long does a deal take?
It depends on the country, the verification, and the notary. The parties agree on the closing deadline when the deal opens, and everyone sees it on their page.
Can I follow the deal from another country?
Yes. Each person sees progress in their account and gets an email when it is their turn to act.
What happens if the deadline passes?
The refund to the buyer starts under the rules the parties accepted at the start.
Who verifies the property?
A verifier from Lefidex or a regional partner in the country, who is not a party to the deal. They upload evidence for each point they check.
Do you have a deal coming up?
Tell us about your deal and we will explain how to start.