Pace Financial Solutions
Unit 2a
459 Southchurch Road
Southend On Sea
Essex
SS1 2PH

Tel: 01702 445 600
Fax: 01702 463 323



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Gazumping

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This rather unfortunate state of affairs occurs when another potential buyer puts in a higher offer for a property after your offer on the same property has been accepted.

This means that your offer is then rejected. This can happen because under English law, the seller is not legally committed to go ahead with the sale until the point at which contracts are exchanged.

If you need any more information, then simply speak to an expert today.