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  1. #11
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    Sounds weird and I would ask a conveyancer about it.

  2. #12
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    Yeah sounds right. It's an initial 500/1000 deposit to register your interest. Then when you actually sign the contract it's the 'balance of' the 5/10% of the asking price.

    So if your offer is say $500k, 10% deposit upon contract signing/60 day settlement.

    You pay your $500 now. When you sign contracts you pay $45,500 (to total the 10%) and then balance on settlement.

    It's like that when buying land/building a house/buying a car etc

  3. #13
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    Yep, normal in my experience of buying recently.

  4. #14
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    We've never been asked for one. And I'd probably tell them to go and jump if someone did!

  5. #15
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    Thanks, ladies, you've helped heaps


 

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