The primary objective of IREES, Inc. is to offer Escrow Services to buyers and sellers of real property everywhere in the world (we offer more services in Central America), and to handle the receipts and payments for these transactions.

For example: In the case of a real estate transaction in Costa Rica, IREES, Inc. would receive the full payment from the Buyer, and at the closing, IREES, Inc. would disburse payment to the Seller, disburse payment to the Broker (for realtor commissions, if any), disburse payment to the construction company (for property development, if any), disburse payment to the attorney (for legal work such as title search, buy/sell contract, title transfer, etc.), and disburse payment to any other party directly involved in the transaction that must be paid as part of the buy/sell agreement.

The primary purpose of an escrow service is to;

  • Provide the seller with the assurance that the buyer has the funds to pay for the transaction, since the escrow company can confirm that the funds have been paid to the escrow account.
  • Provide the buyer with the assurance that the property has had a proper title search completed, a proper buy/sell contract has been executed, and the legalities of the transaction have been met to protect the buyers interests.
  • Provide the buyer with the assurance that the various parties involved in the transaction will be paid according to the buy/sell contract, so to avoid any after purchase claims.