9 Crown Row, Bracknell, Berkshire, RG12 0TH

Sales Consultant
Anastasia is brilliant with people and loves creating new relationships. Perfect skills for her role at DY! Away from work she’s a keen gym bunny and enjoys taking her dog out on long walks, plus she’s a natural both in front of and behind the camera!
When I was younger I wanted to be…
A fashion stylist. Even now I still go around telling my family and friends what to wear and if they ever need advice they know who to come to.
Top of my bucket list is…
A skydive in Dubai.
You might be surprised to know…
I am a Grade 8 singer. When I was 10 years old I performed at the Royal Albert Hall and went on a music tour through Barcelona in 2017.
On Sunday mornings you can usually find me…
Giving my dog a lovely long walk around Virginia Water.
1 Nov 2016
Gazumping is the name given to the act of outbidding another who had previously agreed to buy the property on which the new bidder (the gazumper) is offering.
Gazumping generally happens far more in a buoyant and/or rising market where lots of people are trying to buy. Perhaps not unreasonably, a buyer may have his or her head turned when a new offer is made that might be tens of thousands of pounds more than the offer he had accepted a few weeks previously. Of course, some people consider a handshake binding, but in the cold light of day it is not.
Of course, the act of gazumping can cause considerable distress, especially if you are the one that has been gazumped! You may have spent money on legal fees and surveys; money you can’t get back, or you might simply have lost the home of your dreams. Either way, it stings.
There are three primary reasons why gazumping is rife in a buoyant market. They are;
The arrangement of mortgage, survey, searches and legal niceties can easily take 8 – 12 weeks and during this time both the buyer and seller are exposed to either party changing their mind or taking another bid.
Sometimes a buyer or seller might request a side agreement which binds the other party to buying/selling to them or otherwise standing to forfeit a small deposit. This is unusual, but in some cases it may be agreed; usually where there are substantial costs being incurred before the purchase contract is exchanged.
The best way to avoid being gazumped is to act swiftly after you have agreed terms. If you are a buyer this means having your mortgage offer agreed in principle and your legal representative fully briefed. Ideally you will not be reliant on a long chain of other sales completing before you can proceed as this can cause delays.
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