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Deposit vs Down Payment in Real Estate - What's the Difference?

Автор: Bridgewell Real Estate Group

Загружено: 2025-02-27

Просмотров: 404

Описание: What is the difference between deposits and down payments in real estate? Mariko covers the key differences between deposits and down payments in real estate, and goes over other important information such as when they're due, amounts, who holds the $$$, and example timelines including where a deposit could equal a down payment vs when a down payment is greater than the deposit.

If you're thinking of buying (or selling) real estate in BC, then this video will be helpful for you. At Bridgewell, we understand that the costs involved with buying and selling real estate in BC and Canada can be a bit overwhelming at times. Our team is here to break down these costs for our clients, and are with them every step of the way to make sure they have all the knowledge & tools they need in their real estate journey. If you're looking to buy or sell in the Greater Vancouver area, reach out to our team today!

TIMELINE • In this video, we discuss:
0:00 • Introduction
1:20 • What is a deposit vs downpayment?
1:35 • What is a deposit & when is it due?
3:15 • What is a down payment & when is it due?
3:55 • Important Note: Your deposit forms a part of your down payment!
4:40 • Key differences between deposit vs down payment
5:00 • Key difference # 1: Amount
7:25 • Key difference # 2: Due Date
9:25 • Key difference # 3: Who Holds the $$$
11:15 • Example Timeline # 1: Resale with subjects with $500,000 purchase price
13:35 • Example Timeline # 2: Resale with subjects with $1,000,000 purchase price
15:45 • Recap & Conclusion

--
🔹CONTACT INFO🔹
TEAM BRIDGEWELL REAL ESTATE GROUP
📲 Direct phone: 604-319-0200 (we love texting!)
📩 Email: [email protected]
🖥️ Visit: https://www.bridgewellgroup.ca
🔹◽🔹◽🔹◽🔹◽
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Twitter:   / bridgewellgroup  
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Want to find listings and know how much homes are selling for FASTER? Sign up for our PCS system to receive instant notifications to your email for new listings and sale activity: https://bridgewellgroup.ca/pcs-signup/

Are you ready to BUY or SELL in the Coquitlam, Greater Vancouver/Fraser Valley areas?! Contact BRIDGEWELL REAL ESTATE GROUP - we are one of the top producing teams in Coquitlam and the Greater Vancouver area and can help make the process of buying or selling as seamless as possible!

SUBSCRIBE TO THE CHANNEL HERE:
https://www.youtube.com/c/BridgewellR...
More Coquitlam neighbourhood information here:
https://bridgewellgroup.ca/coquitlam-...

COQUITLAM REAL ESTATE OAKWYN REALTY LTD.
VANCOUVER BC HOMES, TOWNHOUSES & CONDOS
GREATER VANCOUVER BC REAL ESTATE FOR SALE

#vancouver #realestate #coquitlam #presales

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Deposit vs Down Payment in Real Estate - What's the Difference?

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