Hi all,
Wife and i have placed an EOI on some land in Shoreline Estate, Redland Bay, QLD which will register in March-April next year. We need to pay 3% deposit, supply a letter from broker stating we will be eligible for finance + a stat dec stating we intend to live there.
All this is fine however, theyre requesting the 3% deposit before they even present a contract to us. Is this normal?. Our broker seemed a bit shocked and a quick chat to a conveyancer seemed to make me think this is non standard practice.
Any insight would be wonderful.
Cheers.