But that way the vendor gains too

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We've been gazumped

May262010

Is this the 1980s or what? Someone has gone to the person we're buying off (we thought we were buying off) and offered more money for that house. We lose out either way now, even if we did scrape together the extra cash it just does not seem right to be extorted like this. What do we do?

:: :: Comment / reply

RE: We've been gazumped

That is such bad news.

What you do next depends on how much the new offer is, how badly you & Clare want it and how much higher you could reasonably go.

Personally, I'd make one more offer (assuming you can afford it) but be prepared to walk away if these b*stards put in another offer.

However, if you cannot afford to go higher under any circs, get your own back and put in a series of higher offers anyway if a bidding war starts. Al least you can then pull out knowing you've got your own back on the gazumper.

:: 27 May :: :: Comment / reply

but that way the vendor gains too

And they've done a bad thing by accepting this offer I think. Not sure who I'm most annoyed with, the gazumper or the gazumpee. Or are we the gazumpee?

:: 27 May :: :: Comment / reply

Paul Clarke's blog - I live and work near Folkestone. Married to Clare and father to Harry, I am a web dev, and I like javascript, PHP, Folkestone Gerald, pubs, restaurants, history, genealogy, TV, music, popbitch, squirrels, pirates ☠, time travel, stained glass...

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