1. to reduce an offer on a property after agreeing to a higher price, typically just before completion of the sale
Usage: British English; informal

1. a reduction in an agreed-upon offer price for a property made shortly before the sale is finalized
Usage: British English; informal

Examples

• The buyer gazunders on the house deal just days before closing.
• She was shocked when the purchaser gazunders by £15,000 at the last minute.
• A gazunder can leave sellers in a difficult financial position.
• The real estate market saw many gazunders during the economic downturn.
• He refused to accept the gazunder and walked away from the sale.
• Gazunders are a common tactic in competitive property markets.