Deposit Bonds
A Deposit Bond allows you to purchase a home or invest in property without having to provide the deposit in cash on exchange of contracts.
The Guarantee is a substitute for the cash deposit required when purchasing a residential property – you simply pay the full purchase price at settlement.
Both short and long term guarantees are offered to suit any settlement terms.
We understand timing is critical leading up to an exchange of contracts so we can electronically arrange a Deposit Bond without delay to substitute all or part of the 10% cash deposit.
A Deposit Bond can be arranged for an anticipated auction and if not used on the day can be partially refunded or used on another property purchase.
The purchaser must check acceptance with the vendor before proceeding with a Deposit Bond application. Generally speaking a Deposit Bond acceptance (in lieu of a cash deposit) is very common but best to keep the real agent aware of your deposit funding intentions.
