A Flexi Deposit Bond is a type of deposit bond that provides an immediate benefit to home buyers who are looking to buy at auction or have yet to find a property. It’s a pre-approved deposit bond of up to 10% of a home buyer’s maximum intended purchase price.
Ever wondered how you can win an auction to buy your dream property in Australia and give a 10% deposit to the seller without putting up any cash?
The Flexi Deposit Bond can do just that. The Flexi Deposit Bond enables buyers to obtain a pre-approved deposit bond that can be used to bid at multiple auctions or to have at the ready when they finally secure a property. This type of deposit bond has no upfront cost required, making it a convenient option for buyers.
It’s important to note that the specifics of a Flexi Deposit Bond can vary depending on the provider and the terms of the bond. Always consult with a professional or the bond provider for accurate information.
Key Takeout
Whether you’re a first home buyer or an investor, deposit bonds offer a smart way to secure your property purchase without immediate cash outlay. Deposit bonds represent a strategic option for property purchases, offering flexibility and potential cost savings.
Our team provides personalised guidance for first-home buyers or investment property acquisitions.
Speak with our team today on how your deposit bonds can become a powerful tool for securing your property.
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