House buying in Christchurch:
New to NZ and looking at buying in Chch.
It seems there is a desperate shortage of affordable homes in Chch.
There’s loads on the market, but are a lot of them over priced?
We are seeing some homes that we estimate are $100k over value, but the vendors refuse to negotiate. Sitting there for months on end without considering offers.
Some houses being passed in at auction and still they won’t take offers.
Is that optimism or do these sellers know something we don’t?