PURCHASE POWER
DEPOSIT GUARANTEE
A low cost alternative to cash deposits when buying your new home
MAKING REAL ESTATE BETTER
GET APPROVED
Buyers can apply through their real estate agent or by contacting our Purchase Power Team.
AVM APPRAISAL
Purchase Power will complete an Automated Valuation comparison appraisal to help make your selling and buying decisions.
DEPOSIT GUARANTEE
When approved, a deposit guarantee is issued to the Buyer to provide the Seller up to 20% of the purchase price.
PURCHASE POWER DEPOSIT GUARANTEE
Affordable Deposit Guarantee fees for your purchase timeline
Time until closing date
3 MONTHS
Amount covered by Purchase Power
$100,000
Purchase Power fee*
$3,000
*plus applicable taxes
Time until closing date
12 MONTHS
Amount covered by Purchase Power
$100,000
Purchase Power fee*
$5,500
*plus applicable taxes
Time until closing date
48 MONTHS
Amount covered by Purchase Power
$100,000
Purchase Power fee*
$7,000
*plus applicable taxes
PURCHASE POWER
DEPOSIT GUARANTEE
When you pay 5% of your deposit in cash and are required to place a larger deposit, Purchase Power Deposit Guarantees can be issued for part of the additional deposit amount required, up to 20% of the purchase price. The Deposit Guarantee acts as a substitute for the cash deposit required by the Buyer of a residential property when signing an Agreement of Purchase and Sale. You can purchase pre-construction new build and resale residential homes with closing dates up to 48 months. Home Owners and First-time home buyers are able to obtain a Purchase Power Deposit Guarantee.