How much deposit do I need to purchase property? This is probably the question I get asked most; also probably the hardest one to answer. When you look at your bank advertising: 5% deposit only! Beware of the small print! Deposit required to purchase property is dependent on a number of factors: Here is my top 3! 1: You. For example age, employment, residency status, current real estate portfolio and credit history can determine different deposit requirements. 2: Your intention: Are you buying your first home or an investment property. Are you going to build? 3: The property. Different deposit requirements apply to town houses, apartments or sections/bare land. Also the location of the property you are intending to buy can make a difference in how much money you have to bring along yourself. Are you intending to buy real estate and are unsure how much deposit you require? Just give us a ring as we are happy to assist.
Posted on: Wed, 14 Aug 2013 16:21:07 +0000
Trending Topics
Recently Viewed Topics
© 2015