Gazumping is a term that strikes fear into the hearts of many prospective property buyers in New South Wales. It occurs when a seller or their agent accepts your offer to purchase a property at an agreed price, only to sell it to someone else for a higher amount before the exchange of contracts. This article will guide you through the intricacies of gazumping and provide strategies to protect yourself from this unfortunate situation.
At Hindsight Legal Advisers, we provide full-service conveyancing assistance throughout your buying journey – from contract negotiation right through to settlement. Let us guide you through your next property purchase in Gregory Hills.
Are you looking at purchasing a property in New South Wales at an auction? This buyers guide provides a comprehensive summary of the auction process and what you should be looking out for throughout the process. It has been prepared based on our extensive experience and noting the guidance provided by NSW Fair Trading.
