Lesson 10 · DepositGuard · For buyers
Does the seller have to accept DepositGuard?
The short answer
The seller, or the builder, decides whether to accept DepositGuard. DepositGuard Surety is a surety bond that can replace all or part of a cash deposit, so it can also be combined with a smaller cash deposit. The listing side accepts the bond online in minutes, and you don't pay until your offer is accepted.
Key facts
- Who decides
- The seller, or the builder
- Options
- Replace all of the deposit, or combine the bond with a smaller cash deposit
- Acceptance
- The listing side accepts the bond online, in minutes
- When you pay
- Not until your offer is accepted
- Works for
- Resale homes, new builds and pre-construction
Transcript
Read the full transcript
Does the seller have to accept DepositGuard?
The seller, or the builder, decides whether to accept it.
So it's worth knowing how it works before you make your offer.
DepositGuard Surety is a surety bond that can replace all or part of your cash deposit.
Because it can replace part of the deposit, you can also combine a smaller cash deposit with the bond.
Accepting it is simple.
The listing side accepts the bond online, in minutes.
And you don't pay until your offer is accepted.
Talk to your agent early, before you're ready to make an offer, so it's part of your plan from the start.
It works for resale homes, new builds, and pre-construction.
Get a quote in about a minute, at securemyoffer.com/surety.
Summary only. Coverage, eligibility and conditions are governed by the policy and surety documents. Questions about coverage? Talk to a licensed broker at 1-833-766-2329.
