Monday, Mar 24, 2008
Lets see more gazunderers
Idependent: Rise of the gazunderers
Boo hoo. The regulation in England is a sham, so gazunderers are onto a winner.
Posted by doomwatch @ 09:03 PM (760 views) Add Comment
10 Comments
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1. Fed Up said...
A non-story from the Independent for all those too young to remember it last time.
2. Crash Bandicoot said...
"In April he put his flat on the market for £395,000, but immediately it became apparent that he could get more."
"We are extremely happy now," says Harris, "but the emotional impact of being gazundered, and all the stress and upset it causes, can't be underestimated. It took over my life, I became obsessed by it."
Now I am not that well placed to decide whether the £80k extra that he got for his flat makes up for "all the stress" but it difficult to feel much sympathy when the situation seems partly of his own making. Everything in this life has a price, sometimes not a monetary one.
3. confused76 said...
Gazunder! Gazunder!
4. Notlongnow said...
.....what about those FTB's who has been gazundered by the mortgage provider who will not lend as much any more? That has to feed its way back up the chain somehow.
5. paul said...
"And Bolton King's advice for anyone tempted to be a gazunderer?
If you start to play games at the last minute, those tactics could backfire. A number of sellers have withdrawn from the sale on principle. Each and every seller can fall victim to gazundering. What goes around comes around. Avoid gazundering at all costs – it's a dangerous game to play."
Ah, good advise there from a seasoned estate agent. Let's transcibe it:
"Don't be tempted to try to get a good deal for yourself. Shut up and shell out whatever we ask. And pay up promptly. We have money to make and buyers to sucker in. Mmmkay?"
6. new user 2007 said...
So this guy was stressed for months because he refused to budge on price (even though the value was greater than he thought at the initial stage of the wanting to sell). My heart bleeds.
To make it worse, he then does the same to a person who was very patient with him. Why do people like him not get struck by lightning!?
What a scumbag. And how twisted is it that he obviously feels no shme, given he then appears in a national newspaper.
7. Orwell said...
Why is this 'news'?
What does one do with a seller who puts say a Manchester flat on the 'market' at £180,000 for a two bed when everyone says its less? What does one offer them?
8. hpwatcher said...
I don't really see any point in publishing this article.
9. 51ck-6-51x said...
Guzundering is just one example of market arbitrage.
If one gazunders one is playing an important role in equalising the market.
Gazundering is good :)
10. uncle chris said...
Hmmmm - EAs complain bitterly about gazundering, but are then quite happy to show prospective buyers around houses that have had an offer accepted on them. And anyway, nobody is going to take lessons on morality from any Estate Agents .... pot .. kettle .. black.