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gazunder

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Gazunder
A situation in which a potential buyer of real estate revises his/her bid for less money before the transaction is finalized. For example, if one originally offers $200,000 and the seller accepts this, a gazunder occurs when one reduces the bid to $175,000. A gazunder is risky because the seller is under no obligation to accept the gazunder. Generally speaking, a gazunder occurs when the buyer is confident that the seller will accept the new price, especially when there are no other potential buyers and real estate prices are crashing.
gazunder

An action by a buyer to lower the offer for goods or property after the seller has already mentally spent the purchase money and is emotionally invested in a sale at that time,but immediately before the paperwork is signed. Contrast with gazump.
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He said: 'I was six or seven, it was my job to empty the gazunder from the whole house in the morning.
Even if it is an old chamber pot, we still want your stuff; The ... by South Wales Echo (Cardiff, Wales)
Remember, if your buyer wants to gazunder, you do not have to take the lower price.
The Property Market and Gazundering What It Is and How to Avoid It by Susy Copus / Real estate industry community
A bidder who tries to gazunder lowers the sum offered on a property before the sales contract has been exchanged, in the belief that the vendor is so desperate to sell they will accept.
RETURN OF THE GAZUMPERS by South Wales Echo (Cardiff, Wales)
 
 
 
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