Deposit Payments

Holding Deposit

Once the terms of the purchase have been agreed with the sellers, the buyer will normally be required to pay a holding deposit of €5,000 which will remove the property from the market for a fixed period of time and enable the buyer’s legal adviser to ensure that the documentation for the property is correct.

10% Deposit

When both parties have agreed the contents of the purchase contract, they sign it and a deposit of 10% of the purchase price (less the €5,000 holding deposit) is then paid by the buyer within a certain agreed time limit. This is a non-refundable payment and will only be reimbursed in the event of a specific clause in the contract not being fulfilled.