Buying guide

How to negotiate when buying a house

Get a better price for property

Ben Tutty
Last updated: 8 December 2024 | 5 min read
AI

AI summary

To negotiate a better house price, start by doing thorough research on the market and comparable sales using tools like Homes.co.nz. Understand the seller's motivation and get your finances pre-approved to act quickly.

Make your offer more appealing by limiting conditions, as vendors often prefer a 'clean' or unconditional offer. Be strategic with your offer amount and negotiate in small increments. Remember the agent works for the seller, and you must be prepared to walk away if the price exceeds your limit.

Show your interest right away

Do your homework

Remember the agent’s working for the seller

Get ready in advance

Make your offer strategically

Limit your conditions

Be flexible

Think about your offer amount carefully

Back your offer up with facts

Go up in small increments

Tailor your offer to the situation

There's an art to negotiating - mastering it could save you thousands.

Get a little personal

Be willing to walk away

Author

Ben Tutty Ben Tutty
Content Writer