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What is a Deposit Bond | Benefits

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Duration: 1 minute
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Language: English
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Posted by: depositassure on Nov 27, 2017

A deposit bond is an alternative to a cash deposit especially when you’re a purchaser and you do not have the ready cash to pay for the 10% upfront deposit. Consider a few situations; you’re a purchaser waiting funds to come from another source / you’re looking to bid at auctions / your purchase is off the plan. In either case, you could apply for a deposit bond to make it easier for you to purchase the property.
There are numerous benefits to using deposit bonds which real estate agents and consumers are confused about. But in reality, if used properly, a deposit bond is of true benefit to both the parties involved in a transaction.
To learn and understand more about deposit bonds, visit https://www.depositassure.com.au/

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