Terms made simple
Gazumping
When a seller accepts a higher offer from a new buyer after having verbally agreed to sell to a previous buyer, but before contracts are exchanged. This is frustrating but legal as the agreement is not yet binding.


When a seller accepts a higher offer from a new buyer after having verbally agreed to sell to a previous buyer, but before contracts are exchanged. This is frustrating but legal as the agreement is not yet binding.

