Gazundering
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The examples and perspective in this article deal primarily with the United Kingdom and do not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (February 2012) |
Gazundering is the practice of demanding a reduction in price to secure the sale of a property. This is usually done during contract negotiation. The timing of this demand is usually intended to prevent the seller from rejecting the lower price, as the sale could collapse if they did, although it may also reflect a genuine downturn in property prices in an area.
This is the opposite of gazumping.[1]
[edit] References
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Look up gazunder in Wiktionary, the free dictionary. |
- ^ Gazumping and Gazundering - Channel 4
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