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 pri...
Found on
http://en.wikipedia.org/wiki/Gazundering
The submission by a buyer of a lower offer despite having previously agreed a higher price. In England and Wales, a buyer is entitled to do this provided contracts have not been exchanged; the position is different in Scotland.
Found on
http://www.encyclo.co.uk/local/20912
No exact match found.
