We’ve had plenty of #Gazumping so why not #Gazundering now?

March 27, 2019

For many years there have been house price increases and with it comes the theme of gazumping and especially for within the world of those highly demanded property and locations… For the buyer it is a nervous waiting period scared that not only a chain collapse could hinder their chances of getting a dream property, but also the fact that someone could offer more on the property and you are gazumped. Happy days for property owners!

So, market is in a downturn and demand for property is falling so the opposite should also show it’s colours then no? The buyer wants to buy a property and an offer is accepted, but more and more houses are coming on to the market and more and more reductions are also hitting the scene so choice in plenty and bargains are calling… Gazundering becomes the friend of the house buyer and the nervous times sits on the lap of the vendor.

Gazumping / gazundering are legal despite the government only last year stating they would clamp down on it and your friendly estate agent is of course obliged to put forward offers on a property.

“‘Gazundering’ Seen as Growing Problem for U.K. Housing Market” a recent report on the Bloomberg website.

How to avoid being Gazumped

Ask for property to be removed from the market

If you have signed off on the price, try asking the seller to remove from the marketplace. This will reduce gazumping, but the agent is still legally required to pass on any bids to the seller until final completion

Act Quickly

Acting quickly will reduce the time the property is on the market, and this is the time that you can get gazumped. Move quickly and put pressure on anyone in the chain that are dragging their feet

Get Insurance

Moving quickly and requesting the owner to remove property from the marketplace will reduce the risk of losing out on your dream property, but risk still exists.  Homebuyers protection insurance is also available. House buyer insurance will make sure you do not lose out on legal costs, search fees and other associated house buying fees.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Housing market trends highlight a changing landscape

The housing market has seen many challenges across the year to date and, in many ways, the property landscape has been a year of two extremes already.   At the start of the year, there was a quiet but optimistic consumer confidence in the air.   However, with the global economy impacting almost every aspect…
Read More →
Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More →
Breaking News

Average house price edged down in August

House prices in August 2026 were -0.4% lower compared to the same month a year earlier.   Average house price edged down in August as market remains subdued • House prices fell slightly in August ( -0.2%), following a -0.1% decrease in July • Average property price now £298,468 compared with £299,153 in July •…
Read More →
Estate Agent Talk

A derelict property will still set you back £240,000

The latest data from LandSale, the property portal dedicated to land and rural property, reveals that buyers looking to breathe new life into a derelict property could face an asking price as high as £237,500 on average, highlighting the substantial value still attached to redevelopment opportunities across Britain.   Britain continues to struggle with a severe…
Read More →
Estate Agent Talk

Selling an Inherited Property in Scotland: A Clear Guide

Selling an inherited property in Scotland can begin only once confirmation, the Scottish equivalent of probate, has been granted by the court. Until that legal authority is in place, the executor cannot complete a sale, so grasping the sequence early saves later frustration. Families who would rather not manage a long marketing process sometimes approach…
Read More →
Breaking News

Breaking Property News 3/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The imminent interest rate hike is going to be a real reckoner for property   When interest rates rise again, Britain’s housing market will discover what it is really worth   Thought Leadership by Andrew Stanton CEO Proptech-PR For more than a decade, Britain’s housing…
Read More →