Tag: gazumping

Gazumping in Scotland: What You Need to Know

In the bustling realm of the Scottish property market, potential homebuyers face a unique challenge – gazumping. While this term might sound like a quirky Scottish tradition, it’s a phenomenon that can send ripples of frustration through even the most composed property seekers. In this blog, we’ll delve into the intricacies of gazumping, discussing what…

February 7, 2024
What is Gazumping and Gazundering in Scotland?

What is Gazumping? In essence, gazumping occurs when a property seller accepts an offer from one buyer and then indicates that they want to accept a higher, or better, offer from another buyer. This can often happen quite far into the transaction, when the original buyer is well into the legal process of buying the…

October 3, 2016
Gazumping in Scotland – How Does It Affect Property Buyers and Property Sellers in Scotland? In Particular, How Do the Little-Known Law Society Anti-Gazumping Guidelines Affect Property Sellers in Scotland?

The ‘G’ word is one of the dirtiest words related to property sales. It blights the reputation of estate agents, puts fear into the hearts of property buyers and causes a whole heap of additional headaches to solicitors north of Hadrian’s Wall. This article will address some fundamental misunderstandings that exist amongst the majority of…

June 20, 2011
Property Under Offer in Scotland – Can You Make an Offer – Gazumping

I have long been vexed by how to answer the question from members of my team about what they are allowed to do and to say when a buyer calls us about a property that is Under Offer or Sold Subject to Conclusion of Missives (SOLD STC) and asks whether they can make an offer…

February 21, 2014