Gazundering on the Rise: How Home Sellers Can Protect Themselves

Gazundering — when a buyer lowers their offer just before the deal is finalized — is becoming a growing concern in the UK property market. The practice, which can leave sellers scrambling, often happens when market conditions shift or buyers sense an opportunity to negotiate. One recent case saw a buyer drop their offer by £15,000 the day before the exchange of contracts, leaving the seller with little time to find an alternative buyer. Experts say gazundering is more common in a falling market or when there is uncertainty, such as rising interest rates. Sellers can reduce the risk by getting several valuations, doing thorough checks on buyers with their mortgage advisor, and staying flexible with timelines. Some also recommend agreeing to a non-refundable deposit early in the process. While gazundering is legal, it can be distressing. The best defense is preparation and clear communication. If you are selling, consider working with an experienced estate agent who can flag potential red flags. Buyers might also use the tactic to save money, but it often damages trust. Understanding the risks can help you navigate the process more smoothly.