Gazundering Is Back Baby, As Home Prices Fall Further!

There a couple of terms which can create fear and panic among those looking to buy and sell property. In a hot market, Gazumping is an underhand technique whereby a seller accepts a higher offer from another buyer before contracts are signed and exchanged. The reverse, in a falling or buyers market is Gazundering which is when a buyer lowers their agreed offer just before contracts are exchanged. It puts a seller under pressure to accept the lower price or risk losing their sale and collapsing their property chain – potentially losing the house they want to buy. This past week […]