An auctioneer may hold a booking deposit in a client account while the sale proceeds, but the exact terms should be set out clearly in writing. A booking deposit is generally refundable if the sale does not proceed before contracts are signed, although the contract or booking form may contain specific conditions. The larger contract deposit is normally paid through your solicitor when contracts are signed and is subject to the contract terms. Ask who holds the money, when it can be released or refunded, and whether any deductions apply; your solicitor or the Property Services Regulatory Authority can help clarify the position.