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Over a third of property purchases secured by ‘gazumping’ another buyer’s offer
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dailyrecord.co.uk
dailyrecord.co.ukproperty sales falling through is gazumping, according to new research from comparethemarket.com.Over the past year, nearly two-fifths (39%) of buyers admitted they had successfully secured their home by outbidding another offer that had already been accepted- also known as gazumping.This is when another party makes a higher offer on the house you are in the process of buying and has that offer accepted, thus pushing you out of the purchase, setting you back to square one and back on the search for the perfect home.For those being 'gazumped' at the last minute, the experience can be heartbreaking and the figures suggest it's becoming more common.Did you know there are a number of ways you can stay up to date with the latest money saving.
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