Friday, 14 January 2011

And the audience said...

Is gazundering fair game?
Yes: 86%
No: 13%
Other, please specify: 1%

Originally posted at HPC

My latest blogpost: And the audience said...Tweet this! Posted by Mark Wadsworth at 19:33

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4 comments:

Captain Ranty said...

OT Mark, but I thought you'd be all over this one:

Fox Shoots Man

http://uk.news.yahoo.com/22/20110113/tod-oukoe-uk-belarus-fox-cb1d00a.html

CR.

14 January 2011 at 20:33
Longrider said...

Both gazundering and gazumping are unethical practices. If you've agreed a price, then you should abide by it. If you think the price is wrong, negotiate before agreeing a price, not when you think you have the seller or buyer over a barrel.

Neither can happen in France and quite right too. The price is agreed and legally binding on both parties when the property is taken off the market and the sale agreed. There's plenty of time to negotiate a fair price up to that point and after that is too late.

My response to a gazunderer would be the same as my parents' was when someone tried it on them - No. You agreed a price and that's it. Frankly, I would then insist that it went up before I agreed a new deal - a couple of grand to teach the bastards a lesson. If it meant going back to the market even for an extended period, I'd do it before giving into a gazunderer.

All this tells me is that there are a lot of highly unethical people out there - but I knew that already.

14 January 2011 at 22:10
dearieme said...

Don't try it in Scotland - you'll be up before the Sheriff.

15 January 2011 at 00:18
Bayard said...

I think it's OK to reduce your price if your searches, or your solicitor's examination of the title, turn up something of which you were previously unaware, or something happens due to the negligence of the vendor in maintaining the property, that makes the property worth less.

Like Longrider, if someone tried to gazunder me for no reason other than they thought they could, I'd tell them where to go.

15 January 2011 at 10:19

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