gazumping


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Related to gazumping: Gazundering

gazumping

(ɡəˈzʌmpɪŋ)
n
(Banking & Finance) Brit the practice of raising the price of a house, even though one has agreed a price verbally with an intending buyer
References in periodicals archive ?
WHAT IS GAZUMPING? Gazumping occurs when a buyer has had an offer to purchase a property accepted by the seller, but before the sale is exchanged the seller accepts another offer from another buyer.
Here we look at the act of gazumping and how it is avoided when buying a property by auction.
PLANS to make buying and selling a home "cheaper, faster and less stressful" by tackling gazumping and speeding up the process using technology are to be considered by the Communities Secretary.
Why gazumping could soon be a thing of the past THE stress of buying and selling homes could be eased.
MINISTERS are drawing up plans for financial penalties if home sales collapse to reduce the stress of buying and stamp out gazumping.
New research has revealed the region as the least likely place in England where you could fall victim to gazumping.
New research has crowned the region as the least likely place in England where you could fall victim to gazumping.
E Benson St Andrews, Fife #Reading the letter from John Brewin about gazumping (Nov 20), I was reminded of when I was gazumped in the 1980s.
WALES is starting to see "rental gazumping" as new figures show rental rates here are rising more than twice as fast as incomes.
WALES is starting to see "rental gazumping" as new gues show rental rates here are rising over twice as fast as incomes.
There have also been signs of "gazumping" - which happens when a buyer thinks they have agreed a deal to buy a house only for someone else to step in and outbid them - being back on the increase in the capital.
QWITH prices starting to rise again, how can you stop gazumping? AFOR those who are too young to remember the last time it was an issue, gazumping is what happens when a seller - having already agreed a sale - subsequently accepts a higher offer from someone else.