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 "lowball" offer on a house can backfire, as sellers may refuse to negotiate. Experts advise your offer should be a "conversation opener," not a "conversation killer." While the market has shifted down 10-15%, unrealistic bids are often ignored.
Understanding the seller's motivation is key, as some can afford to wait for their price. Cash offers may provide some leverage, but being realistic is crucial. Research from CoreLogic suggests waiting for prices to drop may not be beneficial 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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