Gazumping is when a seller that has agreed on terms to sell their property to you and then, sometime after, changes their mind. This is usually because they’ve received a better offer or, their circumstances have changed.
It can be an expensive waste of time if you have already employed professionals to act in the purchase and you might find yourself with some hefty bills to pay. And you’ve lost your dream home too!
There are a few ways to help reduce the risks of being gazumped. Here are some ideas;
For more details on how we can help you to be best prepared and move fast in the purchase of your dream home, contact Mortgage Required for a chat on 01628 507477.
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