Too often the term OTP pops up in property conversations. What exactly is an OTP? Join the discussion tonight as our guest shares everything you need to know about an offer to purchase. Set your reminder now! See you at 7pm  

00:00 Show starts 01:08 Introduction by Zama 04:20 Question 1 – What do we need to ensure before we sign an offer to purchase? 05:13 Answer – Tania Marais 07:30 Question 2 – How binding is the document and for how long? 08:11 Answer - Tania Marais 12:12 Question 3 – At which point are you allowed to pull out without any penalties? 12:58 Answer - Tania Marais 16:27 Question 4 – Facebook 16:55 Answer - Tania Marais 19:01 Break 20:06 After the break with Zama 22:05 Question 5 –Facebook 22:22 Answer - Tania Marais 23:50 Question 6 – How does the Consumer Protection Act have an impact on an offer to purchase? 23:58 Answer - Tania Marais 25:14 Comment 1 - Facebook 25:30 Question 7 – What happens in situations where agents pull back information about the property after you have signed an offer to purchase? 26:11 Answer - Tania Marais 27:50 Question 8 – Instagram 28:38 Answer - Tania Marais 30:20 Question 9 – What happens in the event where the purchaser wants to pull out? 30:33 Answer - Tania Marais 32:02 Question 10 – Facebook 32:15 Answer - Tania Marais 33:14 Question 11 – Take us through the circumstances where an OTP lapses 33:33 Answer - Tania Marais 35:23 Question 12 – Are purchasers able to specify or add certain conditions in the OTP before they sign? 36:09 Answer – Tania Marais 37:02 Question 13 – Facebook 37:21 Answer – Tania Marais 39:25 Question 14 – Instagram and Facebook 40:14 Answer - Tania Marais 42:41 Closing remarks – Zama 43:53 Break 42:27 After the break with Zama 45:06 Winner announcement   47:23 Closing remarks – Zama