gazunder
/ɡəˈzʌndə
/verb [with object] British informal
Lower the amount of an offer that one has made to (the seller of a property), typically just before the exchange of contracts: the couple have just been gazundered in one of London’s most expensive areas...
- Whereas gazumping gave sellers the upper hand, allowing them to accept 11 th hour bids above the original offer, gazundering turns the tables on them.
- A new home buying process offered by estate agents has been launched that claims make the process quicker, and prevent gazumping or gazundering with comparable costs to the conventional system.
- Gazumping and gazundering sound contagious - do I really want to buy a flat?
Origin
Late 1980s: humorous blend of gazump and under.
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