gazunder

Was the old lady in an institution, and was that a gazunder poking out from under the bed?

"Unless you used a gazunder." That opened up a whole now area of speculation about private functions.

"He said: 'I was six or seven, it was my job to empty the gazunder from the whole house in the morning.

Bidders who try to gazunder lower the sum they have offered on a property shortly before the sales contract is to be exchanged.

A bidder who tries to gazunder lowers the sum offered on a property before the sales contract has been exchanged, in the belief that the vendor is so desperate to sell they will accept.

There is a greater chance that a buyer will pull out or try to gazunder if the exchange of contracts is delayed.

The longer the delay from offer to exchange the greater the chance the buyer will gazunder. Consider getting an Enhanced HIP, also known as an Exchange Ready Pack.

A third of people said they would gazunder if their buyer reduced their offer, and 29% said they would attempt to pay less if house prices fell between the time when they made an offer and exchanged contracts.

Couldn't this process encourage unscrupulous buyers to "gazunder" already desperate sellers?

The problem is if you are gazundered, you then have less money to spend on the place you want and so the temptation is to gazunder too.

Almost one in 10 sellers reported being gazundered.