Wendy Duncan

Buying your first home is an exciting milestone, but it can feel overwhelming too. After all, you’re not just choosing a property—you’re picking the neighbourhood where you’ll build your life. With cities embracing more urban living, finding the perfect area means balancing your lifestyle, budget, and long-term goals.

An Offer to Purchase (OTP) is a legally binding agreement between a buyer and a seller in a property transaction. Once both parties sign the OTP, it finalizes the terms of sale, including the purchase price, property description, and any special conditions. Buyers can withdraw under certain conditions, but doing so without meeting the terms may lead to penalties. It’s crucial for both buyers and sellers to review the document carefully before signing to avoid legal and financial complications.

Selling a property in South Africa can be an exciting and rewarding endeavor, whether you're aiming to capitalize on your investment or seeking to finance the purchase of a new home. However, understanding the legal steps involved is crucial to ensure everything runs smoothly. Failing to comply with the necessary legalities can lead to costly delays, disputes, and complications.