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 extreme lowballing, as it can alienate sellers and end negotiations. Your first bid should be a 'conversation opener', not a 'conversation killer'.
While the market has softened, sellers expect realistic offers, especially after a price reduction. Cash offers can provide some leverage, but understanding the seller's motivation is key. CoreLogic notes that waiting for prices to fall 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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