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If it bothers you so much then don't buy it - or offer fast settlement so it isn't an issue.

Deposit bonds aren't accepted because the conditions of them being released are more onerous than cash...

1) Bankruptcy - unlikely to have an impact on the sale. 2) Refuse to settle - court ordered specific performance will deal with that 3) Unlikely to impact sale, but may delay it.

Because on the contract you have agreed to pay them 10% deposit, which is theirs. As a vendor I would want my 10% earlier if I could - wouldn't you?

For my big purchase I had to release the 10% deposit to the vendor as there was no mortgage (circa 400k). It's not a big deal as unconditional contracts mean you will get the property. Just make sure there are no caveats.

In Victoria the deposit is released automatically if: a) There is no mortgage on the property; and b) The vendor signs a declaration to that effect. If there is a mortgage on the property then the deposit can be released if the purchaser makes a declaration over the amount of mortgage and the...