Buying or selling a residential property?

With our Residential Conveyancing Offer, we offer fixed fees of $590 (plus disbursements) for your purchase or sale. Conditions apply. | See more …

Have you been charged with a criminal or traffic offence?

We offer fixed fees from $1100 for one of our Lawyers to appear on one day at any Local Court in Sydney. Conditions apply. | See more …

Buying a property and need a home loan?

Our experienced Brokers can help you compare interest rates and home loans, at no cost to you in the comfort of your own home. | See more …

Do you need to lodge your personal Tax Return?

Our Chartered Accountants & Tax Agents charge a flat fee of $88 for your Individual salary or income tax returns. Conditions apply. | See more …

Secure your financial future. Plan today, enjoy tomorrow.

Create wealth. Minimise tax. Structured tailored solutions. Arrange a free consultation with a Financial Advisor today. Conditions apply. | See more …

You don't have a will? Don’t leave it until it’s too late...

We can help. Our lawyers will obtain an understanding of your situation and complete your simple will for $330. Conditions apply. | See more …

Conveyancing & Will Offer

Fixed fees of $790 (plus disbursements) for the sale or purchase of residential property & a simple will. Conditions apply. | See more …

Are you thinking of setting up a Company?

For a fixed fee of $440 plus disbursements, our Chartered Accountants can help you complete the puzzle of Company Registration. | See more …

Going to Court? Strategy is key.

You may feel like you are all alone and that the odds are against you. Speak to one of our experienced Litigation Solicitors. | See more …

Get the right legal advice for your business.

When it comes to your business, precision is key. Speak to one of our experienced Business & Commercial Law Solicitors. | See more …

Do you have a civil or commercial dispute?

Our Litigation Lawyers focus on delivering cost effective, strategic solutions to your legal dispute. | See more …

What are your legal rights? Do you know where you stand?

Don’t feel discouraged. We can help. For an agreed fixed fee, we can provide you with a preliminary legal opinion. | See more …

Are you considering setting up a Trust?

For an agreed fixed fee, our lawyers can assist you with tailored legal solutions for Discretionary, Hybrid, Family & Unit Trusts. | See more …

Are you thinking of setting up an SMSF?

For a fixed fee of $550 plus disbursements, our Chartered Accountants can help you register your SMSF. Conditions apply. | See more …

Set your Business & Company up on the right path.

For a fixed fee of $550 plus disbursements, our Chartered Accountants can help you register your Business & Company. Conditions apply. | See more …

Have you considered seeking Estate Planning legal advice?

We offer a special package of $440.00 including GST, for a simple Will, Power of Attorney and Enduring Guardianship. Conditons Apply. | See more …

Previous
Next

Generally, a 10% deposit is payable by the purchaser prior to or upon exchange of contracts. This deposit is usually held by the real estate agent or the vendor’s Conveyancer or Conveyancing Solicitor in trust until settlement (at which time the vendor is entitled to receive the purchase money). The deposit may be seen to be a representation of the purchaser entering into the contract in good faith and also to provide a form of liquidated damages to the vendor in the event that the purchaser fails to complete the contract.

Deposit Bonds

It is not uncommon for vendors to accept a deposit bond in place of a deposit. A deposit bond is a substitute for the cash deposit. Deposit bonds are issued by an insurance company or financial institution and generally provide a guarantee to the vendor that in the event the purchaser is in default, they will pay the 10% deposit.

Deposit bonds may be useful in the following circumstances:-

  • You would prefer to leave your savings in your savings account
  • You do not have the necessary funds at the time of exchange
  • The property being purchased is an off the plan property (meaning it may not settle for a number of months or years)
  • You are looking to purchase a property at auction, so are unsure how much will be required by way of cash or bank cheque

The purchaser will normally pay a non-refundable premium to obtain the deposit bond. Normally the insurance company or financial institution requires the purchaser to show evidence that they have the capacity to pay the full purchase amount at settlement.

Note that although many vendors have no problem substituting the deposit with a deposit bond, the vendor is not obliged to accept a deposit bond. As such, if you are intending to provide a deposit bond, it is always worth checking with the vendor or agent prior to bidding or making an offer.

For more information, contact our office and speak to a Sydney Conveyancer & Conveyancing Solicitor. Other than our head office in Sydney CBD, our Conveyancers & Lawyers also have branch offices in Parramatta, Hurstville, Liverpool, Campbelltown, North Sydney, Gordon and Baulkham Hills. For a full list of our office locations, with complete addresses, click on our Locations tab above or contact our main office line on (02) 9233 4048.

Why Navado?
  • We have been operating since 2001
  • Fixed Fees - $ 590 plus disbursements
  • We have a 'can do culture' - we deliver
  • We promptly return phone calls and emails
  • We have regular repeat business
  • Our staff attend Sydney settlemements
  • Our staff are humble and hard working
  • Senior staff hold Honours Law degrees
  • Senior staff personally oversee your file
  • We have state of the art technology
Speak to a Conveyancing Lawyer now...

This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.

Can I use the equity in my home to buy property ?

Is it better to buy a commercial or residential investment property?

What are strata levies?

What do I own if I buy a strata title property?

What is a strata scheme?

What is the cooling off period and what are my rights?

What is the cooling off period?

What is the margin scheme ?

What should I know when buying a strata property?

When should I contact a solicitor regarding my purchase?

Who attends settlement if I purchase a property?

Why a Lawyer instead of a Conveyancer (Purchase)?

Will I pay less land tax if I buy a strata property ?

Affordable ways to renovate my property and increase its sale value ?

Can I manage my property long distance ?

Do I sign on the dotted line?

How can I legally reduce my land tax liability ?

How do I choose a property conveyancer?

I own a pet dog and want to purchase a home unit. I don’t want to give up my dog, are pets allowed in home unit buildings?

What do I need to know about buying strata scheme property?

What is a cooling off period?

What will it cost me to buy a property?

When should I contact a Lawyer?

If you are buying or selling a property and require Conveyancing services, you should make an appointment to see one of our Conveyancing Lawyers in one of the following locations:

  • Sydney
  • Parramatta
  • North Sydney
  • Hurstville
  • Liverpool
  • Gordon
  • Baulkham Hills
  • Campbelltown
  • Bondi Junction

Our Locations

  • Conveyancing Lawyer Sydney
  • Conveyancer Sydney
  • Conveyancing Solicitor Sydney
  • Property Lawyer Sydney
  • Property Solicitor Sydney
  • Conveyancing Lawyer Parramatta
  • Conveyancer Parramatta
  • Conveyancing Solicitor Parramatta
  • Property Lawyer Parramatta
  • Property Solicitor Parramatta
  • Conveyancing Lawyer North Sydney
  • Conveyancer North Sydney
  • Conveyancing Solicitor North Sydney
  • Property Lawyer North Sydney
  • Property Solicitor North Sydney
  • Conveyancing Lawyer Hurstville
  • Conveyancer Hurstville
  • Conveyancing Solicitor Hurstville
  • Property Lawyer Hurstville
  • Property Solicitor Hurstville
  • Conveyancing Lawyer Liverpool
  • Conveyancer Liverpool
  • Conveyancing Solicitor Liverpool
  • Property Lawyer Liverpool
  • Property Solicitor Liverpool
  • Conveyancing Lawyer Gordon
  • Conveyancer Gordon
  • Conveyancing Solicitor Gordon
  • Property Lawyer Gordon
  • Property Solicitor Gordon
  • Conveyancing Lawyer Baulkham Hills
  • Conveyancer Baulkham Hills
  • Conveyancing Solicitor Baulkham Hills
  • Property Lawyer Baulkham Hills
  • Property Solicitor Baulkham Hills
  • Conveyancing Lawyer Campbelltown
  • Conveyancer Campbelltown
  • Conveyancing Solicitor Campbelltown
  • Property Lawyer Campbelltown
  • Property Solicitor Campbelltown
  • Conveyancing Lawyer Bondi Junction
  • Conveyancer Bondi Junction
  • Conveyancing Solicitor Bondi Junction
  • Property Lawyer Bondi Junction
  • Property Solicitor Bondi Junction

QUICK ENQUIRY







Stay Connected

Subscribe to our Newsletter

Your Email Address *