What Happens When a Buyer Backs Out of a Property Sale?
For both sellers and buyers in South Africa, agreeing on a property transaction feels like the hardest part of the journey. However, once an offer to purchase (OTP) is signed by both parties, it becomes a legally binding contract. When a buyer suddenly decides to walk away, it triggers immediate legal and financial consequences. Here […]
Renting vs buying: The pros and cons
In a lowering interest environment, tenants are reconsidering their priorities. Driven by reduced interest rates and more lenient loan criteria, tenants are starting to have their sights firmly set on owning a home. While many particularly the ‘millennial generation’ chose to travel and live more ‘freely’ in the past, priorities have since changed. The pressing […]