uk, Russell Quirk, said: "Unfortunately, it would seem the practice of gazumping
is once again becoming more prominent as market values continue to climb higher.
Some, for example, have called for gazumping
to be made illegal.
, the prospective buyer is usually out of pocket for a survey or legal or other fees and may suffer other loss or inconvenience.
is where a seller accepts a verbal offer from a prospective buyer and then accepts a higher offer from another buyer.
A good solicitor moves fast and hopefully can tie up a deal before gazumping
becomes an issue.
Nevertheless, morally speaking, it is a clear abuse of that system - a much worse one, in my view, than gazumping
IT WAS once a pitfall for property buyers but now frenzied competition among young professionals unable to get a foothold on the property ladder is causing gazumping
in the rental market, experts claimed last night.
IT WAS disappointing to learn that the disgraceful practice of gazumping
is returning to the property market (Return of the Gazumpers' August 26).
BUYING a brand new home could prove a shrewd move as recovery in the property market heralds the return of gazumping
and sealed bids.
Hips) Heralded by the Government as the saviour of the cumbersome house purchase process, Hips would do away with delay and prevent gazumping
The research found that some people would consider gazumping
if they found their ideal property, often describing the practice as a "necessary evil".
It's going to slow things down; it's going to make things more expensive; it's not going to deal with the issue of gazumping
or gazundering; it's not going to help first-time buyers.