Gazump example sentences

"Gazump" Example Sentences

"Gazump" is not a commonly used word, so it is difficult to generate natural sounding example sentences for it. "Gazump" is a British slang term meaning to make a higher offer at the last minute when buying a house or flat, snatching it from under the nose of another buyer. Some possible example sentences are:
1. The Smiths had their offer accepted on the flat, but then another buyer gazumped them at the last minute.
2. Jane was furious that her dream home had been gazumped, and now she would likely never be able to afford it.
3. They had spent weeks viewing properties, only to have their ideal house gazumped by a cash buyer.
4. The estate agent warned them that their bid may be gazumped as the property was in high demand.
5. Neighbours had been trying to gazump each other with ever higher bids on the rundown cottage.
6. We were so close to completing on the purchase before another buyer suddenly gazumped us.
7. Gazumping has become an increasingly common tactic in the fast-paced property market.
8. The seller accepted their offer but then reneged and gazumped them for a higher bid.
9. Gazumping is an unethical practice that leaves many first-time buyers frustrated and disappointed.
10. Estate agents advised them to offer well over the asking price to avoid being gazumped.
As you can see from these examples, gazumping refers to a buyer swooping in at the last minute and making a higher offer to buy a property that was already under offer to another buyer. The key elements are last minute higher offers and snatching away a property that another buyer thought they were going to acquire. I hope this helps clarify the meaning and usage of the word "gazump"! Let me know if you have any other questions.

Common Phases

1. Get gazumped - When your offer on a property is outbid at the last minute by another buyer.
2. At risk of being gazumped - When there is a possibility that another buyer may make a higher offer and buy the property you want, snatching it from you.
3. Subject to contract - Means an offer has been accepted by a seller but contracts have not been formally exchanged yet, so there is still a risk of being gazumped.
4. Risk of gazumping - The chance that another buyer may make a higher bid and buy the property you are in negotiations for.
5. Avoid being gazumped - To make an offer higher than you would ideally like in order to deter other buyers and secure a property purchase.
6. Last-minute gazumping - When another buyer outbids you at the very last minute, after you believed your offer had been accepted.
7. Make an anti-gazump bid - To deliberately make an offer higher than a property's listed value in order to prevent other buyers gazumping you.
8. Cash buyer gazump - When a buyer with access to cash funds suddenly makes a significantly higher bid, taking advantage of any existing mortgage agreements in place.
9. Estate agent gazumping - When an estate agent accepts a lower offer but then seeks a higher bid from another buyer, without informing the original buyer.
10. Descend into a gazumping frenzy - When multiple buyers continuously increase their bids in an attempt to gazump each other and secure a property.
Hope these example phases help explain the meaning and usage of the term "gazump" in the context of property purchases! Let me know if you have any other questions.