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 advise against extreme "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 by around 10-15%, unrealistic bids risk being ignored. Understanding the seller's motivation is crucial; some need a quick sale while others can wait. Cash offers may provide some leverage, but realism is key to starting a successful negotiation.
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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