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 against extreme "lowball" bids, which can alienate sellers and end negotiations. Agents from Tommy's Real Estate and Barfoot & Thompson suggest making a realistic "conversation opener" rather than a "conversation killer".
Understand the seller's motivation and be prepared to offer close to the asking price if it has already been reduced. CoreLogic analysis also notes that waiting for prices to fall further may not lead to savings if mortgage rates rise.
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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