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How much deposit should I ask for?

It is up to you how much deposit you want to ask for but by law it should not be higher than 10% of the purchase price. A deposit does not have to be paid under the contract, however it is in your interest to have it paid as it is your security under the contract. If the buyer signed the contract, paid the deposit, but is otherwise unable or unwilling to complete afterwards, you may be able to claim the deposit paid.
You should discuss with your real estate agent on what is the appropriate amount to ask for on a case by case basis. Remember that whilst the deposit is a consideration, it is not the only consideration on whether your proposed buyer is genuine about their offer to you.

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Jatin Patel
08 Oct 2024
I recently used Lead Conveyancing Brisbane for my house settlement, and I couldn't be happier with the service! The team was professional, responsive, and incredibly efficient, making the whole process stress-free. They kept me informed at every step, explaining complex legal terms in a way that was easy to understand. Their attention to detail and dedication ensured everything went smoothly, and I felt confident I was in good hands. I highly recommend Lead Conveyancing Brisbane to anyone in need of a seamless and hassle-free settlement experience. Thank you for your fantastic support!
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Toni
04 Oct 2024
We have used Lead Conveyancing twice now, this last time was for a purchase & a sale. Maria was great, always willing to talk through and explain things.
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Anne “AJA” N
01 Oct 2024
Seema from Lead conveyancing has helped to settle our property quickly and seamless. Communication was clearly explained and seamless process. I would not hesitate to use lead conveyancing again.
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