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.
The local yard have been in great early-season form and 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.
The aim is to work towards exchanging contracts as soon as possible after your offer has been accepted, to minimise the chances of being gazumped.
Mr Parr believes there are at least three people who want each house on the market and people are willing to be unchivalrous and gazump each other in order to get the best deal.
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.
Strictly speaking, a buyer can be gazumped if the seller decides to reject their offer in favour of another buyer's for any reason, such as delays in conveyancing or financial arrangements, not simply for a higher bid.
It said only 4% of buyers here said they had been gazumped.