“Greedy” house sellers asking buyers for higher offers is a trend that’s long been going on in London. But now, it seems the rest of the UK is catching on, too.
Nicknamed ‘gazumping’, this negotiating tactic has been commonplace in much of London’s prime property market for quite some time now.
This week, Black Brick’s Founder and Managing Partner, Camilla Dell shared her thoughts on the matter for a new piece in The Independent, reflecting on a family she recently helped to relocate from London to Surrey.
“During one week alone, we received three enquiries, all from British buyers who had suffered gazumping – one of the most irritating and stressful outcomes a buyer can face,” Camilla shared.
“One client was a UK expat family, planning to relocate back to Britain later this year. They have been looking for a family home for the past six months and have been gazumped on three properties.”
Read more in the full article here.