
Originally Posted by
Winnie
You can use a deposit bond instead of a cash deposit. Ends up costing about $500 but it means you don't have to have the cash upfront.
It is basically an insurance policy to the vendors to say that if you stuff them around and the sale falls through then they are guaranteed their 10% deposit. The company issuing the bond will then chase you for the money.
If sale goes through as normal then you just pay the full amount at settlement.