Gazundering becoming more commonplace

With property prices falling, mortgages becoming more difficult to obtain, and homeowners experiencing increased difficulties in selling their homes, the housing sector is already experiencing its fair share of problems. However, a new problem has recently reared up for sellers, and this comes in the form of gazundering, which is an unethical but not illegal practice that some buyers are engaging in. The practice involves putting in an offer on a property, and then dropping the offer right before contracts are exchanged. Read more

Tags: double gazunder, predicament, sector, recent additions, gazundering, illegal practice, country, unethical