Gazundering

Gazundering

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 could collapse if they did, although it may also reflect a genuine downturn in property prices in an area. [cite web
last = Spiegel
first = Rachel
title = Gazundering is good
publisher = .firsthomebuyer
Date=Unknown
url=http://www.firsthomebuyer.co.uk/th-master.php?file=gazunder.xml | accessdate = 2007-10-11
]

This is the opposite of gazumping. [ [http://www.channel4.com/4homes/buyingandselling/specialcases/gazundering.html Gazumping and Gazundering] - Channel 4]

References


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  • gazunder — ga‧zunder [gəˈzʌndə ǁ ər] verb [transitive] informal PROPERTY if you are gazundered, someone who has agreed to buy your house says that they will only buy it for less than the amount originally agreed gazundering noun [uncountable] * * * gazunder …   Financial and business terms

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