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The rampant rise of gazundering: homebuyers cutting their offers at the last minute
['Chris Blackhurst']
The Standard
Prices had remained steady.
We were the victims of gazundering.
We could try and pass the reduction on, to the people we were buying from.
The agent did say, though, that he would try to negotiate, to see if they could be “more reasonable”.
He managed to get them to come down but we still had to take a substantial hit.