One of the mysteries of the English language finally explained.
Lower the amount of an offer that one has made to (the seller of a property), typically just before the exchange of contracts.‘the couple have just been gazundered in one of London's most expensive areas’
- ‘Gazumping and gazundering sound contagious - do I really want to buy a flat?’
- ‘Whereas gazumping gave sellers the upper hand, allowing them to accept 11 th hour bids above the original offer, gazundering turns the tables on them.’
- ‘Unscrupulous buyers might also decide to play dirty and indulge in a bit of gazundering - they put in a lower offer just before the exchange of contracts.’
- ‘They certainly won't do anything to stop gazundering.’
- ‘A new home buying process offered by estate agents has been launched that claims make the process quicker, and prevent gazumping or gazundering with comparable costs to the conventional system.’
Late 1980s: humorous blend of gazump and under.
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