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,[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.
  1. ↑ Gazundering Recipe - First Home Buyers web site
  2. ↑ Gazumping and Gazundering - Channel 4

See Also