And if so, what size deposit should I put down?
A: In order to secure the property and get preference over a cash buyer, putting down a deposit is imperative. Not only do you receive preference but putting down a deposit can also lower your monthly bond repayments.
The size of the deposit varies depending on the price of the property you want to purchase, and while a deposit is not always required, try to put down at least 10% of the property price. – Mike Greeff, chief executive of Greeff Christie’s International Real Estate
*Get a quick and affordable pre-approval: https://www.iolproperty.co.za/mortgage_application_signup.jsp