Gazundering

Gazundering is when a homebuyer reduces their offer just before exchange of contracts. Gazundering is more common in a buyer's market.

Gazundering is legal in England and Wales as there is no legally binding contract until a buyer and seller exchange contracts.

See also:

Gazumping

How can I prevent gazundering when selling my home?

Chris Salmon, Director

Author:
Chris Salmon, Director