Buying by negotiation

Residential


To make an offer on a property for sale by negotiation a ‘sale and purchase’ agreement needs to be drawn up and presented to the seller.



When your offer is submitted it will be presented to the seller (also known as the vendor), who will consider your offer including the settlement date and any conditions. They may either accept or reject your offer or choose to countersign, in which case negotiations take place until an offer is made that is acceptable to both parties.

It is not necessary for your offer to be unconditional in a ‘by negotiation’ sale, nor is there a closing date for offers.

If you are not the only buyer engaged in negotiations with the vendor, then the real estate agent should make it clear to you that it is a competitive offer situation. In this situation, you only have one chance to make an offer, so you should make the best offer you are able to.

Browse


Topic


Related tips

The do's and dont's of feature walls

Read more

Starting off with a blank canvas can be exciting, but knowing how to fill the canvas is crucial
Read More
Which property investment strategy is the best in New Zealand?

Read more

Residential property investors have been fielding a plethora of changes, particularly; with the extension of the bright-line test increasing to 10-years and the unexpected removal of mortgage interest deductibility.
Read More
Building wealth through property investment

Read more

While there are many different investment strategies out there, investing in property offers a unique set of advantages that can help you achieve your financial goals.
Read More
The full cost of ownership

Read more

Whether it's your first home or an addition to your investment portfolio, the thrill of acquiring a new asset can quickly be dampened by unexpected costs.
Read More

Find us

Find a Salesperson

From the top of the North through to the deep South, our salespeople are renowned for providing exceptional service because our clients deserve nothing less.

Find a Property Manager

Managing thousands of rental properties throughout provincial New Zealand, our award-winning team saves you time and money, so you can make the most of yours.

Find a branch

With a team of over 850 strong in more than 88 locations throughout provincial New Zealand, a friendly Property Brokers branch is likely to never be too far from where you are.