Gazumping
We manage the Homebuyer Conveyancing website and Gazumping is not a big deal for us.
One way to overcome the gazumping issue, is for Sales Agents to provide the opportunity for vendors to either accept higher offers openly or to be instructed that once the property is sold that no more offers can be made.
Managing repossessed property is a prime example of how offers should be managed.
Offers are made and the Bank insists that these offers are made public and you can put in a counter offer.
The sales agent must be allowed to get the best price for the property.
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