No win - no fee!
FLEXi DEPOSIT BOND
With no upfront cost required, the FLEXI Deposit Bond provides an immediate benefit to your clients who are looking to buy at auction or have yet to find a property.
Our 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.
When they have found a property or are successful at auction a buyer can update the FLEXI Deposit Bond with the particulars of their new property purchase in real-time on their mobile device.
The buyer then needs to upload a photo of the contract of sale, complete a quick form, and pay the fee to update the bond and enable Vendor acceptance.
Here's how it works:
Watch this 60-second explainer video to learn how FLEXI Deposit Bond works:
The FLEXI Deposit Bond Advantage:
- No WIN No FEE! - Buyers only pay for what they need, when they need it;
- No upfront fee means no need for refunds if you are not successful in securing your property
- Valid for 6 months - Use the bond in multiple auctions, giving buyers more time to find the home they love!
We strongly recommend you speak to the auctioneer, real estate agent or vendor’s legal representative before the auction or during your negotiations, to confirm they will accept a deposit bond in lieu of cash.
*Instant Issuance: The updated deposit bond will be issued instantly provided the term, bond amount and purchase price have not increased from what was approved as a FLEXI Deposit Bond.
To APPLY for a Flexi Deposit Bond, click the GET STARTED button below.
APPLY FOR A FLEXI DEPOSIT Bond
Simply click the 'Get Started' button to complete the quick Concierge form. Here’s what you can expect:
- You will get a Pre-Approval within 15 minutes;
- Your application will be sent to you within 1 business hour for eSigning with Docusign;
- Once your application is signed we will issue your FLEXI deposit bond within 15 minutes. Sounds easy? It is!
- Once issued you can instantly exchange with the first paperless deposit bond - Read more here
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Settling under 6 months, the one-off deposit bond fee is 1.3% of the deposit amount required.
Other relevant links you may be interested in:
Want to work out the costs for a FLEXI Deposit Bond? Get an instant quote using our Fee Calculator.
Want to learn more about deposit bonds and how they work? Click here.
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