DEPOSIT BOND BASICS

Don’t have ready or convenient access to your cash for your 10% home deposit? A deposit bond could be the smart solution.

A deposit bond is a guarantee issued by an insurer, for the deposit required of up to 10% of the purchase price. Just like a cash deposit, a deposit bond guarantees your commitment to an unconditional contract of sale.

Then, at settlement, you simply pay the full purchase price, including the deposit amount.

If you have any questions about your situation, contact me via leah@stevensconveyancing.com.au or call 0414 894 031 to discuss.

Please note that the information contained in this article is of a general nature only and does not constitute legal advice. Stevens Conveyancing does not take responsibility for any errors or omissions obtained from the use of this information.