A source close to the deal said: "The
gazumpers would probably have increased their offer beyond the asking price, but when they heard they were bidding against the Queen, they tactfully withdrew.
Parish councillor and village hall trust fund chairman, Mr Gerald Brewer, said: "As we understand it, the
gazumper has offered three times the pounds 12,000 we were offering.
Buying a property will never be like the virtually instantaneous transactions that occur when we buy groceries, but if the process is greatly accelerated potential higher bidders -
gazumpers - simply won't get a look-in.
No, it's a fast track house sale, pushed through so quickly there is no time for
gazumpers to get in on the act.
LAMBETH Building Society has launched an insurance policy against
gazumpers.
MINISTERS declared war on
gazumpers yesterday with new laws to speed up home buying.
The measures are designed to slash the time it takes to buy a house, currently an average 10-12 weeks so
gazumpers will not time to make a better offer.
Buying a home is the biggest financial step of our lives, so
gazumpers come top of most hate lists.
The RICS agrees that the way forward must be to speed up the whole selling process, thereby cutting down the time for potential
gazumpers to step in.
Mr Clay said: "Potential purchasers can abuse the system every bit as much as
gazumpers, though it is usually the latter that makes the headlines.
London is in the grip of a runaway boom with
gazumpers sending the prices of luxury homes soaring.
Chain breakers and
gazumpers are a major concern to more than half the housebuyers in Britain.
