gazump


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Related to gazump: Gazunder

Gazump

In the sale of real estate, the unexpected raising of the price immediately before the deal closes. That is, after the parties have agreed to the price but before they have signed the appropriate papers, the seller may decide to raise the price. This surprise move is called a gazump. See also: Gazunder.

gazump

An action by a seller to increase the purchase price of goods or property after the buyer is emotionally invested but immediately before the paperwork is signed. Contrast with gazunder.

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Mr Reilly said: "The salewas agreed at pounds 610,000 and one unsuccessful biddercameback with an offer of pounds 620,000 - an attempted gazump.
The 7-1 shot Gazump sparked the brace, producing a faultless round of jumping to win the extended two-and-a-half-mile Lloyds TSB Commercial Finance Novices' Handicap Chase.
only for Manchester City to gazump them and tempt the Catalan giants to help christen the City of Manchester Stadium instead.
MANCHESTER CITY have launched an audacious bid to gazump Marseille and sign Djibril Cisse from Liverpool
NICOLAS ANELKA has brushed aside claims that Juventus and Parma may try to gazump Lazio in a bid for his signature.
Research carried out for House Beautiful magazine says one in five people would gazump a friend in order to buy a sought-after house.
One in five people would gazump a friend in order to buy the property of their dreams, a new survey shows.
ANDRE VILLAS BOAS is set to gazump Arsenal in the race for Bolton's Gary Cahill - on the advice of John Terry.
THE Halifax pounds 780 million attempt to gazump the Royal Bank of Scotland over Birmingham Midshires, perhaps the biggest source of excitement for smaller investors, will continue to enthrall this week as the market waits for the Midshires board to put the Halifax bid to their members.
At present the conveyancing system, red tape and slow communication can mean an exchange of contracts may take anything up to 10 weeks, a delay that allows sellers a greater chance to gazump by reneging on a deal and accepting a higher price for their property.
The one thing that would make Wolves further frustrated is, having alerted the rest of the Premiership to Kemani's availability, another club comes in between now and Christmas and gazumps them.