gazundering

Definition

The buyer's revenge for gazumping—lowering your offer just before closing when the seller is desperate and has likely already bought their next home. It's financial chicken played with people's entire lives.

Example Usage

The market shifted and buyers are gazundering left and right, dropping offers by 10-15% right before closing.

Origin

British slang coined in the 1980s as the opposite of gazumping, combining 'gazump' with 'under'

Fun Fact

Gazundering became particularly common during the 2008 financial crisis when rapidly falling prices gave buyers leverage to renegotiate at the last minute.

Source: International real estate transaction terminology

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