Buying guide

How to negotiate when buying a house

Get a better price for property

Ben Tutty
Last updated: 8 December 2024 | 5 min read
AI

AI summary

Negotiating a house price requires preparation and strategy. Do your homework by researching the market on sites like Homes.co.nz and get finance pre-approved to act quickly. Remember the agent works for the seller, so get independent advice.

Make your offer appealing by limiting conditions or being flexible on terms like settlement dates. In a multi-offer situation, put your best foot forward. If negotiating, increase your offer in small increments. Most importantly, know your maximum price and be willing to walk away.

Show your interest right away

Do your homework

Remember the agent’s working for the seller

Get ready in advance

Make your offer strategically

Limit your conditions

Be flexible

Think about your offer amount carefully

Back your offer up with facts

Go up in small increments

Tailor your offer to the situation

There's an art to negotiating - mastering it could save you thousands.

Get a little personal

Be willing to walk away

Author

Ben Tutty Ben Tutty
Content Writer