Trevor Abrahmsohn: How To Eliminate Gazumping From The Property Market

Since time immemorial, gazumping and gazundering has been the scourge of the Property Market, it is costly and very irritating to buyer and seller alike.

So what is the answer?

The problem lies in the protracted time taken between agreement of terms, the obtaining of a mortgage offer and a structural survey which leads to the consolidation, by way of an exchange of binding contracts, where a non-refundable deposit is paid.

Both the USA and Scotland claim to have the perfect solution whe...

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