Learning how to properly negotiate the property investment auction world when you’re looking to buy a property is going to be vital for a new property buyer. One of the best possible skills that you’ll have in your arsenal of tricks as new home buyers will be your ability to negotiate on price.

By knowing how to negotiate properly and in such a way that will be beneficial to you, not only will you probably end up saving money on the purchase price, but your stamp duty will be less as well.



There are a number of tricks and tips that you can use when you’re getting into the property market, and the best possible way to maximise your ability to use these tricks is to practice them. You might see people who are excellent hagglers on price and wish you could be more like them straight away, but the only way you’re going to get ahead with your bargaining abilities is to get out there and use them!

Let’s take a look at some of the tips that we recommend when it comes to getting the best possible price on a new house for yourself:

• Know your market. If you know the market in which you’re buying and selling, you’re going to have a much easier time negotiating with a  potential seller – and you’re going to be a lot more secure in your knowledge about what you can and can’t suggest for possible prices.
• Be as confident as you can. If you walk into an auction or buying situation with a cowed demeanour or if you’re looking a little bit uncertain, you might risk being overpowered and not have as much success. That’s not to say that you should walk into every situation as alpha-person as possible, but you should definitely be confident and secure in your knowledge about prices and the range that you’re willing to pay.
• Keep the power that you have. Keep the ability that you have to walk away from a house if it doesn’t feel right. If you’re emotionally swayed by a house and the seller sees this they can potentially exploit it and cash in on the fact that absolutely have to have this house. If you don’t appear too keen then the seller won’t see that you’re in love with the house!
• Another great tip is to find someone who is motivated to sell for whatever reason – and then maximise their willingness to part with the house by urging them closer to a good price for you. If you find a deceased estate house then the owners might be looking for a good deal, and not as worried about a couple of thousand here or there. This requires a bit more looking, but stay informed about the houses in your local areas through selling websites and real estate sites.

When you’re looking for a house, make sure that you have a couple in mind that you can put offers in for. This helps to alleviate the possibility that you’ll get rejected on one and be left at square one. Get the ball rolling with a home loan pre-approval and visit NPBS for home loans before you even get started.

This means that when you’ve managed to get the right house and you’re keen to buy you’ll have all of the financial stuff sorted out previously. Also, in your search for the perfect home you shouldn’t get rushed by anyone. If the selling is appearing as though they’re trying to rush you, you can always look for and find another house elsewhere. People pressuring you can sometimes make you rush into things which you can regret financially.