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

Successfully negotiating a house price requires preparation and strategy. Do your homework on market values, get finance pre-approved, and remember the agent works for the seller, not you.

Make a strategic offer by limiting conditions and being flexible on terms like settlement. Justify your price with facts and increase in small increments if needed. In a multi-offer situation, put your best offer forward first. Crucially, know your maximum price and be prepared 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