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 from Tommy’s Real Estate and Barfoot & Thompson advise against extreme "lowball" bids. These can alienate sellers and end negotiations before they start. Your offer should be a "conversation opener," not a killer.
While the market has softened, vendors expect realistic bids. Cash offers may provide some leverage, but scattergun bargain hunting is ineffective. Research the property's value and the seller's motivation to make a sensible offer that initiates a conversation.
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
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