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
- What happens to my deposit while I wait for bond registration?
- How long does a seller have to respond to an offer
- Do you have to accept an offer on your house?
- Can you put offers on multiple houses?
- How long is an Offer to Purchase valid for in South Africa?
- Can you withdraw an offer to purchase a house in South Africa?
