Gazunder

Dictionary Says

Definition of 'Gazunder'

A colloquial term used in the United Kingdom for the practice of a buyer lowering his real estate purchase offer below his previous offer when the transaction is already well under way. A gazunder typically happens when the market is weak and/or when the seller is coming from a position of weakness. "Gazundering" is not illegal, but many people consider it unethical. The seller may be forced to accept the lower price if it is a better option than continuing to pay the carrying costs on the property or continuing to hold it in a declining market.

Investopedia Says

Investopedia explains 'Gazunder'

In a related practice called gazumping, a seller coming from a position of strength will raise the sale price of a property above the price that was previously agreed upon when the transaction is already well under way. A seller may gazump if he thinks the buyer will remain committed to the purchase even at a higher price or if he has received competing bids and can fall back on another offer if the first buyer walks away. Gazundering and gazumping are not possible in the United States, since contracts formalizing a property's purchase price are signed at the beginning of the real estate transaction.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Gazump

    The practice of ...
  2. Property

    1. Anything over ...
  3. Real Estate

    Land plus ...
  4. Deed

    A legal document ...
  5. Real Estate Agent

    A person with a ...
  6. Real Property

    Any property ...
  7. Gazump

    The practice of ...
  8. Capital Loss

    The loss ...
  9. Commodity Futures Trading Commission ...

    An independent ...
  10. Delta

    The ratio ...

Articles Of Interest

  1. 20 Investments You Should Know

    To take advantage of all your investing options, you need to know what your choices are. Here we tell you about the diverse features and advantages of 20 different financial instruments.
  2. Top 5 Must-Haves For Flipping Houses

    Not everyone can make money in this field. Find out what you need before you buy in.
  3. 5 Mistakes That Make House Flipping A Flop

    If you're just looking to get rich quick, you could end up in the poorhouse.
  4. 5 Tips For Recession House Hunters

    Follow these five tips to get a leg up on rival bargain hunters.
  5. Flipping Houses: Is It Better Than Buy and Hold?

    Real estate investors can flip a property or use it for cash flow. Find out which will work in your neck of the woods.
  6. Selling Your House? Avoid These Mistakes

    Don't put the sale of your home at risk by committing one of these dirty deeds.
  7. Top 8 House-Hunting Mistakes

    These common mistakes occur when you allow your emotions to take over.
  8. Teaching Your Partner About Household Finances

    This is just one more way to take care of one of the most important people in your life.
  9. How Does The Economy Affect House Size?

    The better the economy, the bigger the house. But beware - everything that glitters isn't gold.
  10. The REIT Way

    Ever considered investing in real estate? Read about the REIT and see if it's the investment for you.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center