Gazundering
From Wikipedia, the free encyclopedia
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,[1] as the sale could collapse if they did, although it may also reflect a genuine downturn in property prices in an area.
This is the opposite of gazumping.[2]
References
Look up gazunder in Wiktionary, the free dictionary. |
- ↑ Gazundering Recipe - First Home Buyers web site
- ↑ Gazumping and Gazundering - Channel 4
This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.