: If you are a non-resident, strict Exchange Control Regulations usually limit your borrowing to 50% of the purchase price, meaning you must provide a 50% cash deposit from foreign funds. 2. The Offer to Purchase (OTP)
: Obtain a non-binding pre-approval from a bank or a bond originator (like BetterBond or ooba ). This clarifies your price range and makes you a more attractive buyer to sellers. how to buy a house in south africa
Once you find a home, you will sign an . This is a legally binding contract once accepted by the seller. : If you are a non-resident, strict Exchange
Before house hunting, it is critical to determine your budget and check your , as it heavily influences your bond (mortgage) approval and interest rate. This clarifies your price range and makes you
: Ensure it includes "suspensive conditions," such as being subject to bond approval or a successful home inspection.