_1777370220974_847775619.png&w=48&q=75){kind=small}
What is Gazundering and How Can It Be Avoided?
A home seller experienced gazundering when buyers reduced their previously agreed offer by £15,000 just before contract exchange, forcing the seller to reconsider the sale. Gazundering, where buyers lower their offer late in negotiations, is becoming more prevalent due to a rising property supply and competitive market conditions in England and Wales. The government plans to introduce reforms to address this issue, including legally binding agreements to prevent last-minute withdrawals, though these changes are not expected until 2029.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)