Learn about what a deposit bond is, how it can help you and how much it costs.
Is there anything more stressful than buying and selling at the same time? A deposit bond could give you the breathing space you need when making the jump to your next home.
It might be worth considering whether a deposit bond might help you, especially when you’re planning to buy and sell within a short period of time.
Usually, when you sign a contract to purchase a property, you’ll also need to provide the 10% cash deposit. A deposit bond is substitute for the cash deposit, in the form of a guarantee. It allows you to secure your purchase now and pay the deposit bond and the full purchase prices at settlement when you will have access to your cash.
To see if a deposit bond might be right for you, speak with your Aussie Broker. They can also help you to organise your deposit bond through our partner, Deposit Assure.