Property Conveyancing Services Blog

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Deposit

September 22nd, 2009 · 1 Comment · Uncategorized

What is the amount of deposit required in an Agreement for Sale and Purchase? Generally anywhere between 10-20% of the purchase price. Why? In New Zealand the deposit is paid to the Real Estate Agent as Stakeholder. There is a period by which the Real Estate Agent must hold the deposit before it can be [...]

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