Gazundering: Buyers Lowering Offers at the Last Minute and How to Avoid It
Home sellers are increasingly facing "gazundering," where buyers drop their offer shortly before the exchange of contracts, often by thousands of pounds. This practice, highlighted by a seller whose buyer reduced their offer by £15,000 at the last minute, is causing financial stress and transaction uncertainty. Understanding how to mitigate the risk is important for sellers navigating the UK property market, especially in a volatile economic climate.