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Gazundering

A frustrating, but sadly all-too-common situation in which a buyer offers to buy at one price, then drops the amount before exchange. The vendor then has to decide whether to accept the lower price, or pull out and try to find another buyer at the original price.

This can also lead to the possible collapse of a chain, although one solution can be to adjust prices along the chain so the pain is shared amongst some or all of the chain participants.

The best way to protect yourself against being gazundered is to make sure the conveyancing process moves as swiftly as possible. 

Eager to get a proactive, experienced solicitor on your case? In-Deed's guarantee of 'No Completion, No Fee' will protect you if your transaction falls through for any reason, but to help guard against that possibility, give one of our friendly team of advisers a call on 0800 038 6886.

To learn more about gazundering go to: Potential Pitfalls: Gazumping, Gazundering and Gazanging


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