Meaning & use

gazumped

verb·AdvancedBritishinformal

Last updated

UK/ɡəˈzʌmpt/
US/ɡəˈzʌmpt/

“gazumped” is a form of “gazump”. See that entry for the full set of meanings.

Meaning

  1. verbtransitiveBritishinformal

    past tense of gazump: to accept a higher offer for a house after already agreeing to sell it to someone else.

    Grammar: Takes an object: the seller gazumped us. It is usually passive: we were gazumped by another buyer.

    Patterns

    • be gazumped by someone
    • gazump someone on a house
    • get gazumped

    We had our offer accepted, but then the seller gazumped us and took a higher bid.

    They were gazumped at the last minute and had to start looking for a house again.

    If you are gazumped, you can sometimes claim your survey and legal costs back.

Word forms

base formgazump
third person singulargazumps
present participlegazumping
past tensegazumped
past participlegazumped

Common combinations

be gazumped by a higher offer
The couple were gazumped by a higher offer from a cash buyer.
get gazumped
It is upsetting to get gazumped after you have paid for a survey.
gazump someone on a property
The owner gazumped us on the property even though we had shaken hands on the price.
risk being gazumped
In a hot market, buyers risk being gazumped if they delay.

Synonyms and how they differ

back out
This is more general and can be used for any deal; gazump is specific to property and implies a higher offer.
pull out
This means to withdraw from an agreement, but it does not necessarily mean someone else offered more.

Word family

gazump verb
The base form, meaning to accept a higher offer after agreeing to sell.
gazumping noun
The practice of accepting a higher offer after a price has been agreed.

Commonly confused: gazumped or gazebo?

gazumped vs gazebo

A gazebo is a small garden building; it sounds a little like gazump but has nothing to do with houses or offers.

Practice

After we agreed a price, the seller ______ us and sold to someone else.

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