How much can you negotiate off a house?
Just how much can you negotiate off the price of a house?
The answer could be over $30,000, according to new data from realestate.co.nz.
But, as you’re about to see … there’s a catch.
Here’s where to find the biggest house-price discounts
Every year at Opes, we analyse over a thousand deals for the investors that we work with, and we negotiate the prices.
So, we’ve learned how to negotiate a deal.
That’s why Ed (our economist) was on Breakfast on TVNZ 1 yesterday morning talking about how to haggle your house price.
In that segment, he shared that the average asking price drop is $33,212.
In simple terms, if a property was originally listed online for $700,000 … by the time it was taken off, the asking price had fallen to around $666,788.
Now, there is a catch here. This is only looking at the 5% of listings where there actually was a price drop.
95% of listings had no price drop at all.
So how do you find these good deals?
Here’s where sellers are cutting their prices the most
In Auckland, only 2% of properties had a price drop. But in:
- Manawatū / Whanganui, 12% of listings had a price drop (the highest in the country).
- Northland, it was 11%.
- Taranaki and Coromandel, it was 10%.
That tells us where more sellers are visibly resetting their expectations.
Here’s an interactive map that breaks down the discounts. You can click on the image to explore the data yourself.
