'My buyers dropped their offer by £15,000 the day before exchange': Gazundering and how to avoid it
business
The BBC is reporting on gazundering — when property buyers cut their offers late in the sale process — describing it as a small but growing problem in the UK property market. One recent example involved buyers dropping their offer by fifteen thousand pounds the day before exchange of contracts.
Source: https://www.bbc.co.uk/news/articles/c3d39r338m0o?at_mediu...
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