What happens to my deposit if I don’t qualify for a bond?
Sales that fall through due to a bond not being improved generally do not see the deposit being lost. But the responsibility is on the buyer to read the offer to purchase carefully to make sure they’re familiar with the terms regarding their deposit.
Learn more about your home loan deposit.
Related questions
- Can a Buyer Cancel an Offer to Purchase? FAQ
- Do you have to accept an offer on your house?
- What does Offer to Purchase subject to bond approval mean?
- Is making an offer on a house binding?
- What does an Offer to Purchase cancellation letter need to contain?
- Can you make an offer on a house that is under offer?