How much below asking price should you offer on a house in NZ?

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.