Re: hOW TO BUY A HOUSE WITHOUT ANY DEPOSIT - Posted by Mr Donald (NORVA)
Posted by Mr Donald (NORVA) on October 26, 1998 at 18:37:38:
Simple. Don’t offer one
Really, though…a deposit would probably be seen as an indication of one’s good faith in completing the transaction - hence the “earnest money deposit” as it is referred to in America.
Don’t know about Oz but a deposit isn’t necessary to bind a deal, just “consideration”.
So whatever the Seller is willing to accept should be good enough. Use some creativity and you’ll figure something out.