Tag: gazumping
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Gazumping in Scotland: What You Need to Know
Read the article: Gazumping in Scotland: What You Need to KnowIn the bustling realm of the Scottish property market, potential homebuyers face a unique challenge – gazumping. While this term might sound like a quirky Scottish tradition, it’s a phenomenon that can send ripples of frustration through even the most composed property seekers. In this blog, we’ll delve into the intricacies of gazumping, discussing what…
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What is Gazumping and Gazundering in Scotland?
Read the article: What is Gazumping and Gazundering in Scotland?What is Gazumping? In essence, gazumping occurs when a property seller accepts an offer from one buyer and then indicates that they want to accept a higher, or better, offer from another buyer. This can often happen quite far into the transaction, when the original buyer is well into the legal process of buying the…
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Property Under Offer in Scotland – Can You Make an Offer – Gazumping
Read the article: Property Under Offer in Scotland – Can You Make an Offer – GazumpingI have long been vexed by how to answer the question from members of my team about what they are allowed to do and to say when a buyer calls us about a property that is Under Offer or Sold Subject to Conclusion of Missives (SOLD STC) and asks whether they can make an offer…
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