• A busy property market is prompting more people to make offers on houses without doing enough due diligence.

Valuation firm QV warned earlier this year that it was seeing more “panic buying” and risky behaviour, driven by a fear of missing out.

Spokeswoman Andrea Rush said that was still happening.

“QV homevalue registered valuers continue to see unconditional offers being made in order to secure a property without buyers completing adequate due diligence,” she said.

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House Buyers Panic

MAARTEN HOLL/FAIRFAX NZ
Skipping due diligence might save you $1000 in the short term but prove much more costly in the long run.

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