I have signed an offer to purchase for a property pending the sale of my current home for 2.5 million. The banks have granted me a larger loan facility than I required. My question is do I have a right to turn down any offer that is below R2 .5 million on my home? Does the larger loan amount granted from the bank put me in a position where I am forced to accept a lower offer because I will still qualify for the finance? I am of the view that although I will still qualify for the finance, accepting any offer below 2.5 million will have an impact on my personal finances

Category:  Property, Buying and Sellings

Region: South Africa, Nothern Province