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Sqaak is a service that adds a new level of convenience and security to funding your real estate earnest money deposit. Using the same bank ACH network you use to pay your electric bill, Sqaak creates a two-step process that will give buyers (and brokers) peace of mind.
Instead of writing a check to the seller's agent, you transfer funds from your bank into your Sqaak account.
While your real estate purchase agreement is being negotiated anyone with the code can verify your funds. But that's all they can do - they can't access them until you say so.
When it’s time for you to put the money in an escrow account, you get a text message from Sqaak to confirm the funds capture. Once you confirm, we send your funds right away.
Let’s face it - when talking about moving money around on the internet, the hairs on the back of your neck stand up. Ours too. That's why we have gone to great lengths to put security first.
Sqaak’s payment system opens a channel for you to connect to your bank online and transfer your earnest money. As soon as you log out, the channel closes and your remaining funds are as secure as when you started.
Your personally-identifying information is kept on secure servers, transmitted over secure lines, and tucked away after your transfer is complete.
Our unique two-step funding process makes sure the only person releasing your money is you. We will show you who is trying to collect and only you can confirm the transfer.
Sqaak is a totally new service - and that's why we can create new rules on who pays for what we offer. We’ve thought about these rules for a long time because we want you to have choices, too.
Using Sqaak (and keeping control of your money) costs $9.95. You can pay that amount as you go through the funding process and everything will be cool. When your funds are captured there is no additional cost...or if you need to get your funds back we do that free too.
Some of our friends have already paid for you to use our service. Isn't that great? To take advantage of this FREE service you can either enter your prepaid code (these codes are often provided by our mortgage friends) or you can let the awesome people of the Sqaak Home Marketplace pick up the tab for you. When you join the marketplace or use the code, we just let the people who paid your bill know you are making an offer, so they can reach out to help.
If you're writing a contract for a home these are people you may need to contact anyway. We just save you the time of looking for them.
Sqaak has a large number of mortgage lenders eager to help you with your loan. Even if you are preapproved somewhere else you may get a better offer from our friends in the Marketplace.
In many states a home inspection is part of the purchase process. Through Sqaak you can get introduced to some of the best names in the industry.
Buying insurance is all about finding the best possible deal for your particular needs - so why not let the Sqaak marketplace provide you with an introduction to someone new!
Feel free to contact us any time if there’s anything you need help with or aren’t sure about.Contact Us