A deposit is usually paid within 7-14 days of the signing of the Contract of Sale. You may be entitled to receive the deposit monies earlier than the date of settlement. This will depend on various factors. The purchaser needs to authorise the release of deposit monies. A co-operative relationship the between the seller and the purchaser can have a positive impact on the deposit being released earlier rather than later.
We can prepare the relevant documentation to assist in the early release of the deposit.