noun
- a person who raises the price of a property after agreeing to sell it at a lower price, typically just before the sale is finalized
Usage: chiefly British; informal
Examples
- The seller turned out to be a gazumper, demanding an extra £20,000 on the day of closing.
- Buyers in the hot real estate market fear becoming victims of a gazumper.
- He was accused of being a gazumper after he suddenly increased his asking price.
- The gazumper's last-minute price hike left the young couple scrambling for additional funds.
- Real estate agents warn clients about potential gazumpers in competitive markets.