Quote:
Originally Posted by MrSkipsey
Can anyone explain why the cost of reservation varies?
Ive been doing a few searches and have noticed that on some developments a handful of agencies have various deposits but the payment structure seems to be the same.
Is this purely to secure more sales by offering at a cheaper reservation price?
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I understand that some agents/developers ask for a higher reservation fee as they then feel a little bit more secure about the potential purchasers being serious. As the money is fully refundable, I'm not so sure this is the case.
I put down a 2000 reservation fee, and all it has done is effectively stopped me putting down another reservation on a different development and making a choice between the two later. In that regard I suppose it has worked for the agent...
