Gazumping...

Emy1501

The problem with gazumping is how do you know its not going to happen to you a few montsh down the line when you are close to exchange?

Only a certain type of seller would entertain this and this would not be the type of peron I would want to do business with.

Sphynx

Well I have to say I think I am the type of person who can live with it. I don't know the other people, owe them nothing, for all I know, if they are even a family or person, not a development company, they are horrible people who would spit on you in the street. I do know that I need a house for me and my family and they are my priority.
It's good to know there are other people out there like me who would put their needs first.

new_home_owner_3

mbga9pgf wrote: »

:mad::mad:
Some tw@ tried to do it to us on our home we were putting everything we had ever saved into.

I cannot express how it felt.

I would say you are beneath contempt to consider doing this once offers had been accepted. Scum of the earth. There are gentlemens agreements in business as well you know?

yes but yours was a repo, and they have to take the highest bid, you knew the risks, did you have to go much higher?

new_home_owner_3

Sphynx wrote: »

Well I have to say I think I am the type of person who can live with it. I don't know the other people, owe them nothing, for all I know, if they are even a family or person, not a development company, they are horrible people who would spit on you in the street. I do know that I need a house for me and my family and they are my priority.
It's good to know there are other people out there like me who would put their needs first.

fill your boots and get gazumping it happened to us last year and we are so happy now has we got a much better house.

we offered 180,000 on a house for 200,000 seller accepted and then someone came in with a offer 195000 pound offer, i dont blame the seller for accepting it and i know the person who done it, they drink in the local pub.

So in my eyes they paid 15000 pound more for something that i could have had for 15000 pound less, one day i will have great pleasure in telling them that they could have got it a lot cheaper, and i know if i was in their shoes and knew what offer i had accepted i would be gutted.

the thing with gazumping you need to go above the other buyer and i dont think you can manouvre much if things are bought up on the survey has they and you know they have other buyers.

tara747

Sphynx wrote: »

I am preparing myself for the barrage of abuse but we are in the position now where we are desperate to find something in our search area and they are selling before they are marketed. So I think we are going to try and gazump someone. I know that if this was my house I would be devastated, but the more pragmatic part of me is saying that at the end of the day this is a business deal.

Thoughts? Has anyone successfully gazumped before??

I had to double check the date on your post, thought I had been transported back to 2005/6/7 for a minute there. :rotfl: No gazumping here, sellers can't even get one offer never mind two in most cases. LOL.

FWIW, I think gazumping is morally wrong and I agree with those who say that you could never trust the seller afterwards if they had accepted a gazumping offer from you. Caveat emptor.

Made_Without

I was gazumped last year! Lost money searches and survey.
Not nice at all

C*F

thewinkshow

chocolatefish - yes not nice for you, but very nice for the people who secured their dream property, now they are in their dream house i am sure your survey and fees are a distant thought to them, i.e they dont give a stuff, they went in and got what they wanted.

you can also gazump - or you can play lets be nice to people you will never see again, because of some mis-placed ethics or morals that people keep banging on about. you want something make it happen, they did, you can to, regardless of the other person, who, as it has been shown would not give you the same courtsey, people get too deep on here about morals and stuff.

Running_Horse

I assume the OP has a huge deposit, and won't lose the property when the valuer says it is worth £10,000 less than they are paying.

Davesnave

Sphynx wrote: »

I am preparing myself for the barrage of abuse but we are in the position now where we are desperate to find something in our search area and they are selling before they are marketed. So I think we are going to try and gazump someone. I know that if this was my house I would be devastated, but the more pragmatic part of me is saying that at the end of the day this is a business deal.

Thoughts? Has anyone successfully gazumped before??

Unappreciated ironic post removed.

jonewer

Just remember that if the vendor is allowing you to gazump someone, they might gazump you too.

At which stage I would point and laugh at you as and your other half fight and cry over the lost time and money. Ha-ha.

Buying houses is a business transaction. That doesnt mean you have to f*ck the other people over. Try and conduct business in an honourable manner. Its good karma.