Do you have to accept an offer on your house?
You don’t have to accept an offer on your house or sign the Offer to Purchase until you’re satisfied with the conditions listed therein.
The question is when to consider selling your home? The rule of thumb is that an offer within 10% of the listed house price should be given serious consideration.
Of course, it helps to employ an estate agent so they can advise you on how much you’re likely to get for your home, depending on the state of the market. For example, in a buyer’s market, you may have to consider offers at an even lower percentage.
Related questions
- Can you withdraw an offer to purchase a house in South Africa?
- How long does home loan approval in principle take?
- When do you pay the deposit when buying a house?
- Where can I get an Offer to Purchase form?
- Can I keep my house on the market after accepting an offer?
- Can I, as a South African citizen, buy a property in SA from overseas?