1. The practice of lowering an offer to buy a property after an initial offer has been agreed upon but before the sale is finalized.
Usage: British English; real estate; informal

1. To lower an offer to buy a property after an initial agreement has been made.
Usage: British English; real estate; informal

Examples

• The buyer engaged in gazundering by reducing their offer by £20,000 just before closing.
• They gazundered on the house after the survey revealed structural issues.
• Gazundering is a risky tactic that can damage your reputation with sellers.
• The seller was furious when the buyer tried to gazunder at the last minute.
• In a weak market, gazundering becomes more common as buyers seek better deals.
• The real estate agent warned against gazundering, as it could result in losing the property entirely.