Hot housing market prompting 'risky' behaviourMAARTEN HOLL/FAIRFAX NZ Skipping due diligence might save you $1000 in the short term but prove much more costly in the long run. 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. READ MORE: Risky behaviour in a rapidly-rising property market"This behaviour is driven by a growing fear of missing out which is rife across the market as well as due to the cost involved. To secure a property buyers had to make their offers as attractive as possible to the sellers.

Source: Stuff August 22, 2016 23:44 UTC