Gazump (Verb)
Meaning 1
Raise the price of something after agreeing on a lower price.
Classification
Verbs of buying, selling, owning.
Examples
- The homeowner tried to gazump the buyer after they discovered a better offer, but the buyer threatened to walk away from the deal.
- In a bold move, the seller decided to gazump the buyer, increasing the price just hours before the sale was supposed to close.
- In the competitive real estate market, it's not uncommon for sellers to try and gazump buyers with higher prices at the last minute.
- The seller attempted to gazump us by claiming that another buyer had made a higher offer, but we knew it was just a stalling tactic.
- Be wary of deals that seem too good to be true, as some sellers will try to gazump you at the last minute with higher prices or additional fees.