The Chonkerton

'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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