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 low offer on a house? Experts warn against "silly" lowball bids, as they can alienate sellers and end negotiations. Your offer should be a "conversation opener," not a killer.
While the market has shifted, vendors expect realistic bids. Understanding the seller's motivation is crucial. CoreLogic analysis also shows waiting for prices to fall may not be beneficial if mortgage rates rise. Aim for a sensible offer that starts a negotiation, especially if you are a cash buyer.
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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