Buying A House Part Three: Making An Offer They (hopefully!) Can’t Refuse

You’ve assembled your home buying dream-team, you’ve got pre-approval from a lender, you’ve found a home that fits your lifestyle and budget – and now you’re ready to make an offer.

There are a number of ways you can buy a home in New Zealand. We’ll cover off some types of sales, offers and terms you may encounter.


A property auction can be a very exciting experience. All the buyers who are interested in a property will show up to an appointed place at the designated time and place their bids all at once. The highest offer wins. An auction can be very lucrative for the seller as buyers tend to compete against each other thus driving up the price, so make sure you have a firm budget beforehand! You will also need to ensure you’ve done all your pre-buying checks (builders report, valuation if needed and council checks) before you start bidding, because if you do win and the sellers reserve has been met, you’re legally bound to buy. (We’ll be talking about the pre-buying checks you need to undertake in our next blog).


In a tender, you tell the seller in writing how much you’re prepared to pay. You are not able to view any other bids and there is no price set. The seller will choose the best bid (be aware, that doesn’t have to be the highest offer! Talk through with your mortgage adviser & lawyer as to what your conditions need to be as this contract will become legally binding. The seller can negotiate with you on the price of your offer if they choose to do so.


Many houses are bought and sold in Taranaki using the multi-offer process. It works in a similar way to a tender (although won’t be advertised as such), and is used if there is lots of interest in the property.
A property will be advertised for sale either within a certain price range, for offers over a certain price, or by buyer inquiry.

If you think it’s the right house for you, you can put in an offer. This is a formal process, with paperwork and a contract to be signed.

As well as your price offer, you can also specify any conditions you might have. Again discuss this with your lawyer and mortgage adviser, as some conditions may be mandatory for you.

If the seller likes the look of your offer compared to all the others, you’re in!

Conversely, they might reject your offer outright or go in favour of another purchaser. Or the seller might choose to countersign it, which means they’re not entirely happy with your price or your conditions, and want to make changes. Counter-signing can go back and forth between buyer and seller until both are happy with the terms.


As the name suggests, this is an offer with conditions attached. If the buyer agrees to it, the sale is legally bound to go through once all the conditions are met. Each condition will have a time frame, which needs to be met to validate the contract.


An unconditional offer means that the buyer is legally bound to buy the property for a set amount on a set date. When a sale goes ‘unconditional’ it means that the house is legally yours. Congratulations!


There’s a lot to remember when buying a new home. Rosie Glasgow Home Loans is the Mortgage Adviser who can help! For more information, check our website, or give us a call today.