01/08/2024
I.e: the mere fact that it cost you R1 200 000.00 to purchase a property does not mean that you will be able to sell it for the same amount or more. The property may be sold for less than the purchase price this is so in that the value of the property is not determined by its cost but by the laws of supply and demand.
It is therefore important to make an โinformedโ decision before you sign on the dotted lines.
Ask your friendly property lawyers