Gazundering soars as sellers face pressure to accept lower offers
Original Article Summary
Property lawyer says nearly every residential sale now involves buyers pushing for an eleventh-hour price cut
PropMatch Curated Analysis
Gazundering attempts have surged to 90% of property transactions, up from 50% three years ago, as buyers exploit weak market conditions to demand last-minute price reductions before exchange.
Investor Relevance
Property investors need to factor gazundering risk into acquisition strategies, budget for potential price reductions, and develop negotiation tactics to protect deal values in the current weak market environment.
Original Source:
Property Industry EyeStay Updated
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