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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References in periodicals archive ?
Peter Reilly, head of residential sales at Savills, Cardiff, said the agency had also witnessed a case which could have become a gazump.
Perhaps it is time to settle the fee for the sale of a property after a certain cut-off point, to avoid the temptation to gazump for a few extra pounds in commission.
NICOLAS ANELKA has brushed aside claims that Juventus and Parma may try to gazump Lazio in a bid for his signature.
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.
ANDRE VILLAS BOAS is set to gazump Arsenal in the race for Bolton's Gary Cahill - on the advice of John Terry.
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.
ASTON VILLA boss Martin O'Neill is set to gazump Everton in the battle to sign Sheffield United starlet Kyle Naughton.
Utilitec investors were dealt a further blow after a spokeswoman for South Staffordshire Water appeared to downplay the likelihood of making a larger counter-offer to gazump the management buy-out team.