Hi everyone - longtime reader, first post
I'm looking at a new estate for a house/land package and dealing with a smaller builder. The sales agent asked for a $2000 initial deposit. When I asked what are the refund conditions, he said only if finance is not approved.
Seems dangerous to me - I haven't seen the land yet because the area is being prepped/scraped. Also haven't done any detailed pricing. I'm worried that if I put a deposit I'm putting myself in a difficult position.
Any advice? Is this an industry standard practice? My previous experience was with Henley, who did refund my deposit since we never went to soil test stage.