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 being realistic to avoid alienating sellers. Extreme "lowball" offers are often ignored and can shut down negotiations. Your first bid should be a "conversation opener," not a "conversation killer."
Research the seller's motivation and use market data from sources like CoreLogic to inform your price. While cash offers may have a slight edge, a sensible, well-researched offer is more likely to start a successful negotiation and secure the property.
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?
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