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Original poster

To think this gazundering site is shameful?

45 replies

Fancyashandy · 01/02/2014 13:59

We are in the process of selling our house and buying another. Just found this website and after reading their splurge, think they are a load of fuckers. They are also smugly posing for a photo and feeling quite pleased with themselves. I'm really quite disgusted and shocked, we would never fuck people about in the callous way they are promoting.

OP posts:
Original poster
Fancyashandy · 01/02/2014 14:00

Oops, forgot link www.firsthomebuyer.co.uk/gazunder-recipe.html

OP posts:
DeckSwabber · 01/02/2014 14:02

I agree that is horrible.

Original poster
Fancyashandy · 01/02/2014 14:03

Realise that pic is probably just random folk and not necessarily the people behind this site.

OP posts:
peevishcleavage · 01/02/2014 14:05

YANBU they are vile and smug. Hopefully karma will work in the long run

Pimpf · 01/02/2014 14:05

Anyone does that to you, call their bluff.

We had someone want to knock £400 (not much I know) off the agreed price for some stupid reason, I just said no. I think she was a naive 1st time buyer though rather than anything nasty.

CarolineKnappShappey · 01/02/2014 14:06

It's a fake site, using stock photography.

There is not a lot of content, just a bit about gazundering and other stuff.

Don't click and give it traffic.

paxtecum · 01/02/2014 14:09

I sincerely hope that karma catches up with people like that.
They are scum.

Friends of a friend were selling a beautiful old farmhouse, the couple buying it tried to gazunder them at the very last minute.

They refused the reduced offer, the buyers upped the offer to the agreed price, but the sellers told them they didn't want such nasty people to have their lovely house and told them to shove off.

enriquetheringbearinglizard · 01/02/2014 14:10

Oops too late, but how could anyone take that site seriously when their idea of a fair price for property has criteria like this

If you had to let this property out because you went overseas for two years, would the rental income cover the mortgage repayments (based on a 90% mortgage), letting agents fees (10% of rent), building management fees (for flats) and insurance and give you a further 30% profit

It's got to be a windup.

jacks365 · 01/02/2014 14:10

It suggests making offers on 2 or 3 houses I struggled to find 1 I liked enough to offer on so I don't think many people would follow their advice.

specialsubject · 01/02/2014 14:12

30% profit on rental income?

hahahahahahahahahahahahahaha.....

43percentburnt · 01/02/2014 14:13

On one page they state there could be a developer at the top of the chain'and' no-one is really hurt'. Wow they are either dim or callous. Very few chains have a developer at the top.

exWifebeginsat40 · 01/02/2014 14:17

whoa there wait, what? i thought this practice was called 'gazumping'?

isn't a 'gazunder' a chamber pot? cos it goes-under the bed?

enriquetheringbearinglizard · 01/02/2014 14:22

Gazumping is outbidding someone when the deal's supposed to be going through.
Gazunder is agreeing to pay one price and then dropping it once you have the vendor hooked.
Lowering the price without having a reason to justify it that is.

I know, 30% rental profit after all costs, or the house is overpriced. Hilarious.

WitchOfEndor · 01/02/2014 14:23

exWife gazumping is when someone offers more than you after the seller accepted your offer. Gazundering is when a buyer offers you an amount, you agree to sell then at the last minute they offer a lot less, think tens of thousands, in the hope that you have to accept the sale in order to move to their next house. They are a bunch of cunts.

Original poster
Fancyashandy · 01/02/2014 14:24

This is illegal in Scotland. Once you have agreed a price that's it as far as I know.

OP posts:
growingolddicustingly · 01/02/2014 14:27

I still get the rage when I think of what happened to me over 25 years ago. I was selling my flat and buying on the south coast. I was also a couple of months pregnant. Everything was lined up when 2 days before completion I was guzundered. I was stuffed really as I had nowhere else to go so had to accept the reduced offer.

I do take a lot of comfort though in the fact that only weeks later the housing market crashed through the floor so the gazunderers would have been stuffed trying to move again quickly - well, within the following 8 years or so anyway. Karma and all that.

Piscivorus · 01/02/2014 14:30

It is horrible but there is a lot going on in the property market that is bad on the part of both buyers and sellers

DS (first time buyer) offered on a property last summer which had been under offer before but fell through. The vendor apparently was desperate to sell and pushed him to pay out on survey and stuff to get a quick completion before changing her mind and pulling out of her own purchase. She has since offered on and pulled out of 2 other properties and has now demanded more money as she might get more if her house went back onto market this year. He is now out of pocket and finding that comparable properties have moved out of his price range.

FamiliesShareGerms · 01/02/2014 14:31

This site is vile

Ziplex · 01/02/2014 14:32

Thank you for sharing, we have just put ours on the market.
Going to speak to our agents and make them aware so they can pass on the info to buyers that we won't be fecked over and if the sell falls through then so be it!!
Greedy bastards!

scantilymad · 01/02/2014 15:13

It's also rubbish advice. No decent lawyer would let their Client exchange on a purchase without exchanging on the sale at the same time. In a chain of related transactions all exchanges must happen on the same day, so no opportunity to "find out when your Seller has exchanged".
Plus what sort of lawyer would do all the work to get to the point of exchange but then offer a ridiculous deal change at the last minute? Not only is it unethical but they risk losing their own costs for the work they've done and risk irritating other lawyers and agents they work with frequently by not being able to make their client see sense.
Really cannot fathom how this would work in practice. What an odd little site.

Mumoftwoyoungkids · 01/02/2014 15:17

I know someone whose buyer tried to do this to them recently. They said "Fine - no sale" and asked the agent to start advertising the property again.

The buyers crawled back the following day. The last I heard was a vote on FB as to whether putting the price up would make them as bad as the buyers or teach the buyers a valuable lesson. You can imagine how that went!

gimcrack · 01/02/2014 15:17

This happened to me, and I still hate the bastards. I got my revenge by cooking a particularly stinky meal the night before I left that I knew from personal experience lingers for weeks.

BackOnlyBriefly · 01/02/2014 15:20

I wondered if that site was a spoof meant to draw attention to the lack of a law to prevent bad practices. A quick google found at least one other person wondering the same thing.

On the other hand maybe I only thought that because I don't like to be reminded how low people can sink.

MrsKoala · 01/02/2014 15:31

It happened to me and exH over something spurious and we lost the sale. We accepted an offer of £134k for the flat (exactly what we bought it for 5 yrs earlier) this would have just covered costs and moving, no money for us, but we were divorcing so just wanted rid. 'Buyers' day before completion dropped their offer by £10k because there wasn't an allocated parking space (there was room for a car per flat on the drive, but none were specifically allocated to a flat, which they had known about the whole time). We had to say no because it would have left is both in debt and they said fine, they apparently had another offer been accepted on another property they actually preferred. But if we'd have said yes they would have pulled out of that agreement because it would have been a good bargain. Utter cunts. We had had it off the market for 3 months and paid loads of costs. Angry i really hate gazunderers.

hippity · 01/02/2014 15:34

Gimcrack a meal that stinks for weeks - a recipe for my bottom drawer...

We're buying in London at the moment and the EA says they are getting at least 2 calls a day from sellers pulling out of sales to remarket because prices are going up fast. It's a cutthroat business whichever side you're on.

I think when you're selling you have to have a plan B in case it does fall through. I would hate to be forced to accept a gazunder, and it would be lovely to say eff off chancers, I have a plan B.