Gazumping is when a seller accepts an offer from one buyer, but then suddenly decides to accept a higher offer from another.
This leaves the first buyer out of pocket and without the property they wanted. It’s a common tactic used in competitive markets where there is a shortage of desirable properties, as sellers can often find themselves receiving multiple offers at once.
Respect Mortgages can connect you to a mortgage expert.
Use our articles and guides to better understand your mortgage options. When you are ready, let us find you a specialist mortgage broker.
Office 3357 - 321-323 High Road,
Chadwell Heath, Essex RM6 6AX
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