One of the mysteries of the English language finally explained.
(of a buyer) lower the amount of an offer made on a property and accepted by (a seller) at the time of final negotiations.‘the couple have just been gazundered in one of London's most expensive areas’
- ‘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.’
- ‘Gazumping and gazundering sound contagious - do I really want to buy a flat?’
- ‘They certainly won't do anything to stop gazundering.’
- ‘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.’
- ‘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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