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gazumping

nounthe practice of offering a higher price for a house than another buyer has already agreed with the seller

Related information about gazumping:
  1. Gazumping - Wikipedia, the free encyclopedia
    Gazumping occurs when a seller (especially of property) accepts an oral offer of the asking price from one potential buyer, but then accepts a higher offer from ...
     
  2. Gazumping and gazundering | Money | guardian.co.uk
    Sep 13, 2001 ... Gazumping happens when a seller who has already accepted one buyer's offer then goes on to accept a higher offer, pushing the first buyer ...
     
  3. Home.co.uk: Home Buying Guide: Gazumping & Other Problems
    One of the major hitches encountered by home-buyers is gazumping, an ugly practice which can be both emotionally and financially draining for the gazumped ...
     
  4. Gazumping | Define Gazumping at Dictionary.com
    to cheat (a house buyer) by raising the price, at the time a contract is to be signed , over the amount originally agreed upon. Relevant Questions. What Is Gazump ...
     
  5. Gazanging is the new gazumping: Latest peril in buying a new home ...
    Sep 19, 2011 ... The term is used to describe when a buyer is 'left hanging' as a seller pulls the plug on a deal at the last minute, often due to market uncertainty ...
     
  6. Gazumping - definition of Gazumping by the Free Online Dictionary ...
    (Business / Commerce) to raise the price of something, esp a house, after agreeing a price verbally with (an intending buyer). 2. (Business / Commerce) (tr) to ...
     
  7. Gazumping, Gazundering and Closing Dates
    Where a solicitor for a seller has intimated verbally or in writing to the solicitors or a prospective purchaser that their client's offer is acceptable - whether after a ...
     
  8. Gazumping back with a vengeance - Estate Agent Today
    Mar 14, 2011 ... Gazumping is back with a vengeance in the London market as the capital increasingly does its own thing – divorced from the rest of the UK.