What happens if the buyer reduces the offer before exchange?
If a buyer reduces their offer before exchange, this is known as gazundering. It is legal in the UK because the sale is not binding until contracts are exchanged.
You have three main options:
- Accept the reduced offer
- Reject it and relist the property
- Negotiate a new price
Gazundering often happens late in the process and can delay your sale or cause it to fall through completely.
Selling directly to a cash buyer reduces this risk. Sell House Fast agrees a price upfront and works to move quickly to exchange, limiting the chance of last-minute changes.
If you want to avoid uncertainty, you can get a no-obligation cash offer to see what we’d pay for your property or find out how the process works via our How It Works page.
