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
When offering on a house, experts advise against extreme lowballing, as it can alienate sellers and end negotiations. Your offer should be a "conversation opener," not a "conversation killer."
Understanding the seller's motivation is crucial; some need to sell quickly, while others can wait for their price. While cash offers provide some leverage, realistic bids based on solid research are more effective. CoreLogic analysis also suggests waiting for prices to drop may not save you money if mortgage rates 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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