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Gazzumping - Should I?

What should I do?

  • Stick to the accepted offer

    Votes: 50 80.6%
  • Gazzump away

    Votes: 12 19.4%

  • Total voters
    62


Shropshire Seagull

Well-known member
Nov 5, 2004
8,666
Telford
Seagull Stew said:
This is my point.

The onus is always on the seller to keep to the agreement and not the buyer.

If gazzumping is when a seller breaks the deal by selling to a higher bidder after acceptance then what is the equivalent word when a buyer finds a better property after they're accepted on another?

Anyway, I've stuck to the original offer so I'll see what happens!

I think you've probably done the right thing but a similar circumstance occured to my sister a few years back. She did the same as you and stuck with the first offer. 2 months later that buyer backed out and she was back at square one.

When her place went back onto the market she accepted three different offers and told each one, "first to exchange gets the flat".

Her circusmstances may have been different to yours - the flat was in Brighton and she had started living in Bristol so needed to sell pronto - so first come first served, not to offer, but to exhange. Got a quick sale, I can tell you ....
 




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