Knowledge Base A to Z
Frequently asked question
When do I pay the deposit for the property?
It depends on what type of agreement you have signed. We have summarised the most common methods of paying the deposit.
Price by negotiation: Your agreement sets the date. If it doesn't say, the deposit is due when you and the seller have both signed. Many agreements make it payable once all the conditions have been satisfied.
Tender: You will pay the deposit when you submit your signed tender.
Auction: You will pay the deposit on the day you win the auction.
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