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
Making a "lowball" offer on a house is risky and can alienate sellers, ending negotiations before they start. Experts advise treating your offer as a "conversation opener" rather than a "conversation killer."
While the market has softened, vendors expect realistic bids, especially if they have already lowered their price. Understanding the seller's motivation is key to a successful negotiation.
CoreLogic analysis suggests waiting for prices to fall further may not be financially beneficial if mortgage rates continue to rise.
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
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