What is an offer to purchase?

Author
MyProperty
South Africa's #1 independent property portal

An Offer to Purchase Real Estate (the "Offer") is a document that sets out the basic proposed terms and conditions between the Buyer and the Seller in a real estate transaction. Once the Offer is signed by the Buyer and the Seller, and the contained contingencies are met, it then becomes a legally binding agreement.

Property questions?
Get quick answers about buying, selling, renting, and more from our AI powered real estate bot
Buyer Property News
Here are the top South African property markets you should invest in next year
Market & Opinion
Here are the top South African property markets you should invest in next year
17 Dec 2024
After a second, very welcome, drop in the interest rate and inflation’s sharp upward trajectory seemingly curbed, investor sentiment is cautiously optimistic, and South Africans are once again looking to invest rather than divest with many turning to real estate which is traditionally regarded as one of the most stable investment options.
read more
How to successfully sell your home over the December holidays
Market & Opinion
How to successfully sell your home over the December holidays
12 Dec 2024
Are you thinking of selling your home during the December holidays? While the festive season brings unique challenges—like buyers being on vacation or companies closing—you can still turn this into an opportunity. With careful planning and the right strategies, you can attract motivated buyers looking to close before the new year.
read more
Should you sell your home? Key factors every homeowner needs to consider
Market & Opinion
Should you sell your home? Key factors every homeowner needs to consider
28 Nov 2024
Making the decision to sell your home is never easy. Whether you're motivated by life changes, financial opportunities, or a shifting real estate market, it’s essential to weigh all factors carefully before taking the leap.
read more
How AI is being used to scam property buyers and sellers
Technology
How AI is being used to scam property buyers and sellers
20 Nov 2024
The integration of artificial intelligence (AI) in real estate has revolutionised property transactions, offering tools for better property analysis and customer engagement. However, criminals are exploiting these advancements to perpetrate sophisticated scams that can be used to target property buyers and sellers in South Africa.
read more
Find houses for sale
Click on a province and select a town to view available properties for sale
Real Estate Tools
Get pre-qualified
Make offers with confidence knowing what you can afford. Then shop for the best home loan
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments