Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb Present participle of
gazump .
Etymologies
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Examples
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Yesterday, though, the word gazumping was once more heard passing the lips of that endangered species, the estate agent.
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"One would have thought that Cerner was aware of the failure of the contract to specify the necessary reporting module and so it appears to be a form of gazumping, that is, effectively raising the price of the sale after final offers have been accepted," he said.
ZDNET.com.au 2009
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It's called "gazumping" in England, the process by which someone selling a piece of property accepts an offer from one buyer, maybe even going so far as to shake hands on it, then quickly — and often surreptitiously — accepts another, higher, offer from a second buyer, leaving the first buyer with his pockets agape and his heart broken.
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It's called "gazumping" in England, the process by which someone selling a piece of property accepts an offer from one buyer, maybe even going so far as to shake hands on it, then quickly — and often surreptitiously — accepts another, higher, offer from a second buyer, leaving the first buyer with his pockets agape and his heart broken.
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In the programme 'Buyer Beware', Primetime Investigates outlined some serious problems encountered by buyers, sellers and householders, including: bidding against themselves as estate agents make up fake prices to push up the price of a property, fake bidders being used in auctions, high fees being charged for services by property management agencies and 'gazumping', where sellers renege on a sale agreement and then sell for a higher price.
Politics.ie MsAnneThrope 2010
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In the programme 'Buyer Beware', Primetime Investigates outlined some serious problems encountered by buyers, sellers and householders, including: bidding against themselves as estate agents make up fake prices to push up the price of a property, fake bidders being used in auctions, high fees being charged for services by property management agencies and 'gazumping', where sellers renege on a sale agreement and then sell for a higher price.
Politics.ie MsAnneThrope 2010
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Rents - and therefore rental yields - are on the rise and there is evidence of "gazumping" in major rental markets.
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Wong's "gazumping" of Peter Garrett as climate change minister was an "opportunistic, deliberately cruel attempt" by Rudd to sideline anyone in the Party with talent to burn, with Garrett's "invisible anguish" over the Gunns pulp mill likely to force him from federal politics before the next election.
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Estate agents may encourage "gazumping" by keeping a property on the market and carrying out viewings after an offer has been accepted in the hope of securing a higher bid.
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Photograph: Frank Baron schools are "gazumping" each other to attract the best pupils, research published today on school admissions has revealed.
vendingmachine commented on the word gazumping
It's called "gazumping" in England, the process by which someone selling a piece of property accepts an offer from one buyer, maybe even going so far as to shake hands on it, then quickly — and often surreptitiously — accepts another, higher, offer from a second buyer, leaving the first buyer with his pockets agape and his heart broken.
-from Examples
June 18, 2016