Gazundering - where a buyer lowers their offer for a home at the last minute - is becoming a growing problem, according to a report. Gazundering - where a buyer lowers their offer for a home at the last minute - is becoming a growing problem, according to a report. Some 45pc of people surveyed think gazundering is a serious problem, up from 40pc when similar research was carried out last year. Gazundering can happen just before a sale is set to go through, with sellers sometimes feeling under pressure to accept the lower price to stop the deal collapsing. And more than nine in 10 (91pc) Gazundering back in the UK aspiring first-time buyers said the ability to get on the property ladder was a serious problem, while 88pc and 87pc respectively said house prices and saving for a deposit were a serious problem.

Source: Irish Independent March 28, 2019 02:26 UTC