Buying guide
How much below asking price should you offer on a house in NZ?
Thinking of lowballing a house offer? Experts share how much less you can offer and when it works.
AI summary
Thinking of making a low offer on a house? Experts warn against "cheeky" bids, as they can alienate sellers and end negotiations. Your offer should be a "conversation opener," not a "conversation killer."
While the market has dropped 10-15%, vendors expect sensible bids near their adjusted price. Understanding the seller's motivation is crucial, as some need a quick sale while others can wait.
Cash offers may provide some leverage, but focus on a realistic price to begin a successful negotiation.
Aim for a “conversation opener,” not a “conversation killer”
53 Brougham Street, Mount Victoria, Wellington
How much less should you offer on a house?
30 Arama Avenue, Titirangi, Waitakere City, Auckland
Understand the seller’s motivation
6A Colenso Place, Mission Bay, Auckland City, Auckland
Is it OK to lowball a house offer?
Should you wait for prices to fall further?
Final say
Author
Discover More
Suburb shopping, new winter survey reveals how wide Kiwi cast their net when searching for a home
Trade Me survey uncovers how buyers look for homes, from suburb shortlists to the areas topping NZ's property searches.
Nearly 40% of property owners face mortgage rate resets in the next six months
What the Reserve Bank's split decision means for your household budget.
Search
Other articles you might like
