What Is The Opposite Of Gazumping?

What Is The Opposite Of Gazumping?

1 Answer

  1. The opposite of gazumping is gazundering. This is a practice of deducting the amount of the purchase price you have offered on a property after your original offer has been accepted. This is usually done during the contract negotiations before any written contract is signed. It happens when a buyer decides at the last minute to drop his offer. It means that seller is then left to either accept less or find new buyers. It is more common in a slow property or depressed market where there are more sellers than there are buyers although it may also reflect a genuine downturn in property prices in a specific area.

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