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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.


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 ?
There is a greater chance that a buyer will pull out or try to gazunder if the exchange of contracts is delayed.
The longer the delay from offer to exchange the greater the chance the buyer will gazunder.
A third of people said they would gazunder if their buyer reduced their offer, and 29% said they would attempt to pay less if house prices fell between the time when they made an offer and exchanged contracts.
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.