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gazump |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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There's little you can do to stop the gazumpers, but here's some tips that might help you out: Offer the full asking price and ask for the property to be taken off the market as soon as your offer is accepted. Byline: E McDonald FERNANDES would be a great signing, but a few more performances like he put in against Blackburn, and the serial gazumpers like Newcastle are bound to enter the equation. Negotiator magazine, a journal for estate agents, says the new 300-page Housing Act is focusing on home information packs (Hips), intended to change the way we buy and sell property from 2007 and ( supposedly ( to beat gazumpers. |
gazumper |
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