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Deposit Bond in Australia - DepositAssure.com.au

Deposit Assure makes the process of deposit bonds easy for you through their team of expert professionals. To learn more about our deposit bond concierge service, visit https://www.depositassure.com.au

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Deposit Bond in Australia - DepositAssure.com.au

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  1. DEPOSIT BONDS ARE THE SMART ALTERNATIVE TO A CASH DEPOSIT

  2. When buying a property or land, you have to provide a cash deposit, normally up to 10% of the purchase price. WHAT IS A DEPOSIT BOND? This deposit is used to guarantee the commitment of the buyer to the contract of sale.

  3. A deposit bond is a an alternative option to a cash deposit, it guarantees the purchaser/s for a deposit up to 10% of the purchase price. WHAT IS A DEPOSIT BOND?

  4. The main benefit is that it allows the purchaser/s to defer payment of the deposit until settlement. WHAT IS A DEPOSIT BOND? At settlement purchasers can then pay the full purchase price, including the deposit.

  5. Like a cash deposit, the deposit bond: Guarantees the commitment of a purchaser to an unconditional contract of sale. Provides a level of comfort to the vendor that the sale of their property will go ahead. After settlement the deposit bond expires.

  6. WHY DEPOSIT BONDS?

  7. If you are looking to buy, but either do not have ready access to the 10% cash deposit required, or perhaps your cash is better served working harder for you elsewhere, a deposit bond may be the solution you are looking for.

  8. Deposit Bonds act as a substitute for a cash deposit required to especially when you’re; Buying at auction and the winning bidder is required to pay 10% cash deposit to secure the property; Buying and selling property without immediate access to a cash deposit to secure your purchase today; Buying a new home, and a cash deposit is required to secure the property;

  9. Applying for a loan closer to the settlement of your new purchase / intending to sell your property closer to settlement; Planning to buy your first home or a new property, or invest in a block of land; Planning to purchase an off-the-plan property in Australia and the developer asks for a 10% deposit to secure your property.

  10. YOU SIMPLY PAY A ONE TIME ONLY FEE WHEN THE DEPOSIT BOND IS LODGED. WHAT DOES A DEPOSIT BOND COST? You can use an online fee calculator to determine the costs for issuing a deposit bond: Go to: https://www.depositassure.com.au/fee-calculator/

  11. DEPOSIT BOND TERM The deposit bond term is the length of time you need the bond for. In most cases the term length needs to be valid up until the intended settlement date. DEPOSIT AMOUNT The deposit bond amount you need can be up to 10% of the purchase price. REFUND POLICY FOR OFF-THE-PLAN: Under Deposit Assure’s new policy, buyers will be eligible for a pro rata refund of their premium, where your purchase settles more than 6 months before the expiry date of the deposit bond, up to a maximum value of 18 months. To claim the refund, we must receive (a) written proof of the actual settlement; (b) the ‘original’ Deposit Bond; and (c) notice of your intent to apply for a refund within 45 days of the Settlement Date.

  12. Our mission is to make it easier for home buyers to purchase property. It’s that simple! We help you to realise your property dreams and offer a smarter approach to secure any new property purchase HOW DEPOSIT ASSURE CAN HELP YOU? We’re genuine and transparent - we make the whole process simple and apply deposit bonds for you on your behalf We have a team of qualified professionals who provides you with the expert help you’re looking for.

  13. Deposit Bond Concierge Service We want to make it easier for Australian’s to purchase property using a deposit bond so why not leave all the hard work to us and let us prepare and apply for your deposit bond application for you! Our deposit bond concierge team, will assess your situation and if a deposit bond is what you need, we will go ahead and take care of your application for you so you can focus on what you do best!

  14. Our concierge officers, will guide you through the entire process, from start to finish. Assess and pre-qualify your application over the phone; Prepare and process your deposit bond application; Approve your deposit bond; On approval, deposit bond will be mailed to all parties.

  15. Getting Started Get in touch with our deposit bond concierge team to check if you’re eligible or require a deposit bond, we assess your situation and guide you through the entire process. No messy forms or paper work! It’s FREE! To request concierge service Call 1300 798 797 or email bonds@depositassure.com.au

  16. About DepositAssure.com.au Deposit Assure is an innovative provider of deposit bonds with a team of experts who would make the whole process easy for the customers. Backed by one of Australia’s oldest and most trusted insurers, QBE Insurance (Australia) Ltd., Deposit Assure has been helping many people realise their property dreams. For more details, visit https://www.depositassure.com.au/

  17. Other valuable links you may be interested in: Want to learn more about deposit bonds and how they work? Click here. Check out our infographicthat has everything you need to know about deposit bonds and will answer all your questions. Click here. To download a PDF copy of our infographic please click here. Our clients’ success comes in all shapes and sizes. Meet some of the people we have helped on their journey to purchasing a new property. Click here.

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