It’s got a floor to ceiling picture window, a pool perfect for re-enacting half the Pirates of the Caribbean scenes, and a walk-in wardrobe that was the size of your flat growing up. It was your dream home, and you didn’t mind putting down the Option To Purchase (OTP) – even with the big NON-REFUNDABLE clause. Then Covid-19, or a market downturn, or something else caused your income situation to change; and now you’re saddled with a property you can’t afford. What do you do next? Here are some urgent measures: A quick explanation of the Option to Purchase The Option to Purchase is the first step to purchasing a property. It usually entails a one per cent deposit of the property price, which cannot be refunded. After the OTP is signed, you have a time limit – often 14 days – in which to exercise the OTP....