Gazundering searches nearly double

It’s a constant bane for house sellers but it isn’t going away.

Gazundering is when a buyer reduces their offer at a late stage of negotiations to try to pressure the seller into accepting a lower offer. Searches for the term rose by 97% between January and September 2023*. Its rising occurrence indicates that cooling market conditions may have handed the power to homebuyers.

“It’s not so long ago that we saw an unprecedented rise in gazumping in the UK market, with desperate buyers swooping in to outbid each other at the last minute,” commented Colby Short of Get Agent.co.uk.

Now, sellers are the ones fearing for the worst. Good communication is the best way to avoid being gazundered. Being prepared – starting with knowing exactly what gazundering is – helps too.

*GetAgent.co.uk, 2023

6 February, 2024

More news

21 January, 2025

Home insurance premiums are showing signs of stabilising after a period of significant increases, ac

Premium income for home and motor insurance has been rising sharply in recent years. In 2023 the growth rate was 8.8%, but in 2024 this slowed to an estimated 7.9% and is expected to keep easing in th

16 January, 2025

House prices are expected to stay on a positive trajectory over the course of 2025*.

House prices returned to growth in 2024, with prices increasing by 1.5% in the 12 months to October – an improvement on -1.2% the year before. The average UK house price is £267,000 and is expected

6 January, 2025

If you’re buying a home, home insurance is not the only protection you will need – you should al

Income protection If you are unable to work due to illness or injury, income protection insurance provides a replacement income. This is typically 50% – 65% of your earnings rather than the full