What is a deposit?
In real estate, a deposit is a sum of money paid by the buyer to the seller, which constitutes a partial payment of the total amount due.
When is it necessary to pay a deposit?
Generally, a deposit is paid at the first appointment with the notary in a forward sale. It usually represents 10% of the sale price of the property. This amount guarantees to both parties that the final sale will take place on the date stipulated in the contract.
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