1. to reduce an offer on a property after agreeing to a higher price but before the sale is finalized
Usage: British English; informal; real estate

Examples

• The buyer decided to gazunder at the last minute, citing a lower property valuation.
• After the survey revealed structural issues, they gazundered by £15,000.
• It's risky to gazunder because the seller may withdraw from the deal entirely.
• The couple gazundered when interest rates rose unexpectedly.
• Many sellers refuse to work with buyers who attempt to gazunder.