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

To successfully negotiate a house purchase, preparation is key. Research the market, understand the seller's motivation, and get your finances pre-approved to act quickly.

Make your offer more appealing by limiting conditions and being flexible on terms like settlement dates. Back your price with facts and, if countering, use small increments. Always remember the agent works for the seller and be prepared to walk away if the price exceeds your predetermined limit.

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