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Gazumping returns

Desperate estate agents have leaked an isolated case of gazumping to the press if a London Lite story is anything to go by.

Unfortunately it didn't work and the client accepted the lower offer!

Comments

  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    If you had a choice between a cash buyer and a gazumper who needed a mortgage who would you choose......

    Another non-story.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • QTPie
    QTPie Posts: 1,373 Forumite
    Desperate estate agents have leaked an isolated case of gazumping to the press if a London Lite story is anything to go by.

    Unfortunately it didn't work and the client accepted the lower offer!

    There have actually been a few cases reported around here too - so not completely isolated...
  • Quietmanc
    Quietmanc Posts: 313 Forumite
    Just as bad as 'Gazundering' which emerged for a while.Is it a sign that house price trends are changing in some areas though? Or could it just be a ploy ??
  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Quietmanc wrote: »
    Just as bad as 'Gazundering' which emerged for a while.Is it a sign that house price trends are changing in some areas though? Or could it just be a ploy ??

    There are some areas still where property is scare due to local amenities, location and good state schools. From the sounds of it this was one of those areas.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • QTPie
    QTPie Posts: 1,373 Forumite
    olly300 wrote: »
    There are some areas still where property is scare due to local amenities, location and good state schools. From the sounds of it this was one of those areas.

    The other cause is that some things are priced to sell more than others (i.e. reposessions etc): so even if the market still has "a way to go" before hitting bottom, people are seeing those bargains now and still jumping on or fighting over them... A bird in the hand...

    QT
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