Provide a deposit
Congratulations! You’ve conditionally purchased a property. What next? Every accepted offer must be accompanied by a deposit cheque from the buyer. Typically, the deposit amount works out to be around 1% of the purchase price depending on the type of market you’re in.
Your Avenue Agent will guide you on the best amount to offer as a deposit, if you find yourself in a bidding war. Keep in mind, your deposit must be submitted within 24 hours after acceptance of the offer. Not to worry, you will get your deposit back if you do not fulfill the conditions in your Accepted Offer.