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Typical estate agent deposit buying a house

  • 18-07-2012 10:21am
    #1
    quarryman
    Registered Users, Registered Users 2 Posts: 7,497 ✭✭✭


    What is the typical deposit when purchasing a house to an estate agent?

    Also, cheque or bank transfer? Seems a bit unnerving transferring so much cash and getting nothing in return...


Comments

  • #2
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    quarryman wrote: »
    getting nothing in return...
    You should get a receipt at the very least!


  • #3
    zulfikarMD
    Registered Users, Registered Users 2 Posts: 318 ✭✭zulfikarMD


    quarryman wrote: »
    What is the typical deposit when purchasing a house to an estate agent?

    Also, cheque or bank transfer? Seems a bit unnerving transferring so much cash and getting nothing in return...

    Typical deposit 5K and as OP said you should get a recipt and if sale falls through you should get it back.


  • #4
    quarryman
    Registered Users, Registered Users 2 Posts: 7,497 ✭✭✭quarryman


    Great thanks. To add another question. When does the solicitor get paid, should we wait until the contracts are signed and the house sale is complete?


  • #5
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    Have keys in your hand before paying solicitor.


  • #6
    the_syco
    Registered Users, Registered Users 2 Posts: 37,316 ✭✭✭✭the_syco


    quarryman wrote: »
    What is the typical deposit when purchasing a house to an estate agent?
    Here's a tip; have in the deposit that you're buying the house once the surveyor/etc is happy with the house, to ensure that you don't find out too late that you have a lemon on your hands.


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  • #7
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    the_syco wrote: »
    quarryman wrote: »
    What is the typical deposit when purchasing a house to an estate agent?
    Here's a tip; have in the deposit that you're buying the house once the surveyor/etc is happy with the house, to ensure that you don't find out too late that you have a lemon on your hands.
    The initial deposit is refundable. It's the deposit you pay on exchange of contracts that is non refundable.


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