John Cleese, Minister of Silly Walks.
The Brits are a witty and clever bunch. We came across a couple of their interesting real estate expressions.
Gazumping happens when a seller who has already accepted one buyer’s offer then goes on to accept a higher offer, pushing the first buyer out of the picture.
Gazundering is where the buyer tries to get a better price from the seller by waiting until everybody is poised to exchange contracts and then lowering his or her offer on the property at the last minute. This is common in a buyers market.
Both practices are irritating but legal. What other unusual real estate expressions have you heard?
Source: Guardian Unlimited.
Technorati Tags: Real estate, Slang, Sellsius, Gazumping, Gazundering
