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 you put offers on multiple houses?
- When do you pay the deposit when buying a house?
- Can a Buyer Cancel an Offer to Purchase? FAQ
- What does an Offer to Purchase cancellation letter need to contain?
- Can you withdraw an offer to purchase a house in South Africa?
- What do attorneys fees include when buying a house?
