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A Deposit Bond is a fully accepted and established method of selling property in Canada and in several countries. Built upon a successful 30+ year model in Australia, Deposit Rocket was launched in Canada in January 2021 by seasoned insurance and surety specialists with direct product and international experience. And now, over six months later Deposit Rocket\u2019s<\/a> quick and easy alternative to the conventional residential home cash deposit is turning heads in the Canadian real estate world. The rate of Canadian homebuyers purchasing an owner-occupied residential property through a licensed realtor and solicitor through Deposit Rocket continues to grow.<\/p>\n Deposit Rocket’s CEO, Don Miller, underlines his vision: “Our goal was to take the friction out of freeing up deposit funds and the time-consuming exercise of obtaining a certified deposit cheque for the buyer and realtors on both side of the transaction. We’ve created a secure alternative that is instant, convenient, and affordable \u2013 a better buying experience for all involved.”<\/p>\n Antree Demakos, J.D., CEO of Legal-Line.ca sees value in this method and says \u201cWe are excited to introduce our four million annual users to a way to make a fast, guaranteed offer, without having to visit the bank!\u201d<\/p>\n A Deposit Rocket Guarantee \u2013 The Better Alternative to a Cash Deposit Unlike single-use certified cheques, the buyer can make as many offers as needed with Deposit Rocket until they are the successful buyer (at no additional cost). Those eligible Canadians are unlocking up to 10% of the purchase price or $100,000 for the cash deposit \u2013 for up to 9 months without liquidating home equity, investments, unsecured lines of credit, bridge financing or overdrafts.<\/p>\n Deposit Rocket is accepted by all agents and real estate brokerages because of their Duty of Care to present all valid offers to the seller. You can visit Deposit Rocket<\/a> and apply now for<\/a> a trusted and stress-free alternative to cash deposits by unlocking your equity for a quicker and easier home purchase.<\/p>\n Deposit Rocket offers a streamlined 5-minute online application, making it easy to declare the equity that you have in your current home or the market value of your investments. Approval processing times are often instant but may vary to 1-2 business days depending on the application. “Having this online product simplifies and speeds up the journey for customers,” says James Benson, CEO of the James Benson Group, a top Keller Williams realtor. “It also makes the process for the realtors more efficient.” Once approved, the Deposit Rocket is emailed to the buyer and their licensed realtor immediately.<\/p>\n Upon approval and payment, the Deposit Rocket is emailed to the Buyer and their Realtor. The Realtor attaches the Deposit Rocket to the Agreement of Purchase & Sale and uses the Deposit Rocket instead of the cash deposit for the offer. The Buyer can make as many offers on as many homes as needed until they are successful. Deposit Rocket offers real-time amount increases and easy extension options or if more time is needed to house hunt or close. Once the offer is accepted, the Seller\u2019s Realtor holds the Deposit Rocket as the cashable, callable deposit commitment until closing and the Buyer simply pays the full purchase price including the deposit amount at closing.<\/p>\n Ben Myers, President of Bullpen Consulting says, “The speed and flexibility of Deposit Rocket give Realtors a tool to help their clients make the most competitive offer possible, where previously they were powerless to help.” Leading Muskoka Broker Daryl Idiens at Sellbuyfly.com, adds “Deposit Rocket will allow my out-of-town clients to make an offer without the inconvenience of providing a deposit cheque. They also won’t miss out on any must-buy properties because their deposit funds were tied up.”<\/p>\n Furthermore, Don Miller explains \u201cthe neat thing for the selling agent is if they\u2019re receiving offers on a home and they like one of them, but the deposit isn\u2019t quite high enough or it\u2019s not certified, they can ask the buyer to upgrade it on the spot\u201d.<\/p>\n Deposit Rocket is an InsurTech obsessed with making buying a home, quicker and easier. Accepted by all realtors and brokerages, Deposit Rocket is fully backed by an ‘A’ Insurance Carrier, rated (Excellent) by A.M. Best.<\/p>\n With Deposit Rocket, you can avoid the stress and complications of having to obtain certified cheques, a line of credit, bridge financing, borrowing from friends and family, or being forced to liquidate investments and paying breakage and interest fees. A simple 5-minute application can be the difference in getting the house of your dreams.<\/p>\n More information is available on our Help Desk<\/a><\/p>\n For further information:<\/strong> Tags: home deposits<\/a>, how to get a downpayment for a house in canada<\/a>, down payment on a house bc<\/a>, second home down payment requirement canada<\/a>, down payment on a house alberta<\/a>, Deposit insurance<\/a>, borrow down payment canada<\/a>, financial guarantees surety bond<\/a>, down payments<\/a>, downpayment<\/a>, down payment assistance<\/a>, down payment bond<\/a>, down payment on a house<\/a>, down payment assistance programs<\/a>, down payment on a house ontario<\/a>, down payment loans<\/a>, certified cheque<\/a>, real estate<\/a>, deposit bond<\/a>, deposit for home<\/a>, Deposit Guarantee<\/a>, certified check<\/a> <\/p>\n The post Six Months After Launch, Deposit Rocket Continues to Digitize Cash Deposits and Certified Cheques for Canadian Homebuyers.<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" A Deposit Bond is a fully accepted and established method of selling property in Canada and in several countries. Built upon a successful 30+ year model in Australia, Deposit Rocket was launched in Canada in January 2021 by seasoned insurance and surety specialists with direct product and international experience. And now, over six months later […]<\/p>\n The post Six Months After Launch, Deposit Rocket Continues to Digitize Cash Deposits and Certified Cheques for Canadian Homebuyers.<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\nHow to Apply for a Deposit Rocket:<\/strong><\/h4>\n
How to Purchase a House with a Deposit Rocket<\/strong><\/h4>\n
Improved Close-Ratios with a Deposit Rocket<\/strong><\/h4>\n
About Deposit Rocket<\/strong><\/h4>\n
\nFor media inquiries, contact: Nathan Neyedly
\nmedia@depositrocket.ca
\n416-484-4545
\nimmediate response provided;<\/strong> depositrocket.ca<\/a><\/p>\nSee Campaign: <\/strong>https:\/\/depositrocket.ca\/<\/a>
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