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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References in periodicals archive ?
Another way to make sure you don't end up out of pocket is to take out insurance against the risk of being gazumped or gazundered.
It's much harder to be gazumped or gazundered if you've got a relationship with them.
The problem is if you are gazundered, you then have less money to spend on the place you want and so the temptation is to gazunder too.