Gazumping - Wikipedia Gazumping occurs when a seller (especially of property) accepts a verbal offer (a promise to purchase) on the property from one potential buyer, but then accepts a higher offer from someone else This can happen at any point before the sale is legally finalised
Gazumping: What Is It? Is It Legal? - HomeOwners Alliance Gazumping – not to be confused with gazundering – is when another party makes a higher offer on the house you are in the process of buying and has that offer accepted, thus pushing you out of the purchase, setting you back to square one and back on the search for the perfect home
GAZUMP Definition Meaning | Dictionary. com Gazump definition: to cheat (a house buyer) by raising the price, at the time a contract is to be signed, over the amount originally agreed upon See examples of GAZUMP used in a sentence
gazump - Wiktionary, the free dictionary Verb [edit] gazump (third-person singular simple present gazumps, present participle gazumping, simple past and past participle gazumped) (British) To swindle; to extort (British, Australia, real estate) To raise the selling price of something (especially property) after previously agreeing to a lower one
Gazump - definition of gazump by The Free Dictionary Define gazump gazump synonyms, gazump pronunciation, gazump translation, English dictionary definition of gazump vb 1 to raise the price of something, esp a house, after agreeing a price verbally with 2 to swindle or overcharge n the act or an instance of gazumping
What does gazump mean? - Definitions. net Gazump is a term primarily used in the UK real estate market to refer to a situation where a seller accepts a higher offer from a new buyer after having already accepted an offer from an initial buyer Essentially, it involves breaking a verbal agreement with a buyer to accept a more favorable offer
gazump - WordReference. com Dictionary of English gazump ɡəˈzʌmp Brit vb to raise the price of something, esp a house, after agreeing a price verbally with (an intending buyer) (transitive) to swindle or overcharge n the act or an instance of gazumping Etymology: 20th Century: of uncertain origin gaˈzumper n 'gazump' also found in these entries (note: many are not synonyms or translations):