gazumping
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Gazumping — The verb gazump means to refuse to formalise a property sale agreement at the last minute in order to accept a higher offer. Usage in modern society With buoyant property prices in the British residential property market of the late 1980s and… … Wikipedia
gazumping — gazump ga‧zump [gəˈzʌmp] verb [transitive] informal PROPERTY if you are gazumped, someone who has agreed to sell you a house at an agreed price sells it to someone else for more money: • If any client of our agency is gazumped, we refund him or… … Financial and business terms
gazumping — v. raise the price of something (usually real estate or land) after a lower price has been agreed on; overcharge; rip off; ask for a price that is not reasonable … English contemporary dictionary
gazumping — /gə zʌmpɪŋ/ noun the practice of offering a higher price for a house than another buyer has already agreed with the seller … Dictionary of banking and finance
gazumping — … Useful english dictionary
anti-gazumping — /ˌænti gəˈzʌmpɪŋ / (say .antee guh zumping) adjective designed to combat the practice of gazumping: anti gazumping legislation …
Home Information Pack — Under the provisions of the Housing Act 2004 a Home Information Pack (HIP), sometimes called a Seller s Pack, will have to be provided before a property in England and Wales can be put on the open market for sale with vacant possession. The pack… … Wikipedia
gazundering — n. As a house buyer, reducing a previously agreed on price for a house just prior to signing the contract. gazunder v. gazunderer n. Example Citations: Remember, if you complete your transaction on bad terms, or twist the vendors arms with a bit… … New words
Conveyancing — For other uses, see Conveyance (disambiguation). Property law … Wikipedia
Gazundering — is the practice of demanding a reduction in price to secure the sale of a property. This is usually done during contract negotiation. The timing of this demand is usually intended to prevent the seller from rejecting the lower price, as the sale… … Wikipedia
gazump — ga‧zump [gəˈzʌmp] verb [transitive] informal PROPERTY if you are gazumped, someone who has agreed to sell you a house at an agreed price sells it to someone else for more money: • If any client of our agency is gazumped, we refund him or her the… … Financial and business terms
