House Buyer Horror Stories: Beware Gazundering
What is gazundering?
What you say after someone sneezes? It is rather a funny word that has a meaning that is anything but. Gazundering is an underhandedhttps://www.property-net-malaga.com unethical – but unfortunately not illegal – technique used by some quick house buyer companies. What is ithttps://www.property-net-malaga.com and how can you protect yourself as you navigate the sale of your home?
What is Gazundering?
A bit like a ‘bait and switchhttps://www.property-net-malaga.com’ gazundering involves extending an initial offer to a homeowner and then dropping the price after a sale has been agreed upon. For examplehttps://www.property-net-malaga.com let’s say that a house buyer offers you £150https://www.property-net-malaga.com000 for your house. If you put it on the market with an estate agenthttps://www.property-net-malaga.com you may be able to get £200https://www.property-net-malaga.com000 – but you factor in the cost of agent feeshttps://www.property-net-malaga.com solicitor feeshttps://www.property-net-malaga.com repairshttps://www.property-net-malaga.com renovationshttps://www.property-net-malaga.com valuationshttps://www.property-net-malaga.com staginghttps://www.property-net-malaga.com waiting etc.https://www.property-net-malaga.com and decide it is more beneficial for you to accept this offer.
You have been promised a fast sale and you are looking forward to these funds in your accounthttps://www.property-net-malaga.com so you accept the offer.
Then ‘all of a sudden’ the cash buyer informs you that for Xhttps://www.property-net-malaga.com Y and Z reasonshttps://www.property-net-malaga.com they cannot possibly buy it for more than …