Gazumping | Mayo Wynne Baxter

Gazundering – friend or foe?

broken deal

Many people are very aware of the term gazumping – where a seller accepts one offer and then, before contracts are exchanged, accepts a higher offer leaving the original buyer high and dry or being pushed into offering more money for the property.   But how many people know about gazundering? Gazundering is when a price… Read the rest of this post (No Comments)

Shall I? Shan’t I?

Happy first time buyers

The big question currently occupying many peoples minds is shall I buy or sell now or wait and see what happens. Clearly the market has changed over the past 12 months or so and it is now very much a seller’s market with often numerous potential buyer’s interested in desirable properties in many parts of… Read the rest of this post (No Comments)

Delays in Moving House

Key

There are always going to be criticisms of any system in place and conveyancing (the legal system in place for changing property ownership) is certainly not one which escapes such comments. Over the years conveyancing has come in for criticism some of which has been justified and some not. Some problems have been created by… Read the rest of this post (No Comments)

Gazumping – Housing Minister knows nought

Housing Minister Grant Shapps has ruled out taking any action to stamp out gazumping. “Home buyers and sellers in England and Wales are free to choose from a range of options, including some which give more certainty that their transaction will be completed. These include ‘lock-out’ agreements, where the seller enters a binding agreement not… Read the rest of this post (1 Comment)