I own a three-bedroom house and would like to know whether I can sell it for less than market value.
I don’t want to spend any money on repairs and want to sell the property for about R250 000.
The market value of the house, which I purchased in 2001 for R150 000, is between R600 000 and R1 000 000 as it is situated close to schools and in an area where properties are in demand.
The house, however, has a leaking roof with several rotten supporting beams and will require substantial maintenance and structural work.
Below Market Value
See what the experts have to say.