Less Gazanguish
Estate agency, like most other trades, has its own vocabulary and today, a new word describing transactional problems has been coined. It describes a new situation entirely, so say online conveyancers In-Deed. It's not gazumping, and it's not gazundering - it's gazanging. In a seller's market, gazumping happens when sellers pull out of a sale because they receive a higher offer. In a buyer's market, buyers try to negotiate a lower price than the one agreed in a few minutes before contracts are exchanged. That's gazundering.
Both practices are a menace to the protracted and uncertain nature of conveyancing in the UK, an archaic method of transferring property title from seller to buyer. In fact, the process of conveyancing in England and Wales is positively Dickensian in method and that's because it hasn't changed in any great way since the day that Charles himself was putting quill to parchment. In-Deed say that a further obstacle to a satisfactory home sale is now prevalent. Gazanging. Gazanging, as they term it, is a situation whereby the property seller simply changes their mind about moving. For a variety of reasons this can happen quite a lot in the wider market and where the owner cannot find a suitable alternative property, or they fear that the market is moving against them or perhaps mortgage issues are encountered.
Speeding up the conveyancing process would certainly assist matters in giving people less time to change their minds and less opportunity if the process was moving along quickly. But with the best will in the World, nothing will prevent 'gazanything' if the rules of conveyancing are not changed. Ensuring that buyers and sellers are bound by some form of contractual obligation is vital to this. eMoov are pioneering in supporting this principle as the FIRST ONLINE ESTATE AGENT to become members of the e-Homebuying Forum, a lobby group that exists to pressure Government to change our backward looking home moving process to one that is fit for the 21st Century. Like Scotland, New Zealand, The USA, Australia, Continental Europe and just about every other country in the World.
Until those changes are made, it's worth noting that all of eMoov's selling clients have paid an element of their fee upfront, thereby saving themselves around 90% in commission when compared to more traditional offline estate agencies. Not only are they saving themselves money, but they're also already financially committed to making their move.
So if you're in the market for a new home, you can rest assured that all of eMoov's sellers much less likely to change their minds, waste your money and cause you any kind of property-related distress - or, as we like to call it, 'gazanguish'.
Both practices are a menace to the protracted and uncertain nature of conveyancing in the UK, an archaic method of transferring property title from seller to buyer. In fact, the process of conveyancing in England and Wales is positively Dickensian in method and that's because it hasn't changed in any great way since the day that Charles himself was putting quill to parchment. In-Deed say that a further obstacle to a satisfactory home sale is now prevalent. Gazanging. Gazanging, as they term it, is a situation whereby the property seller simply changes their mind about moving. For a variety of reasons this can happen quite a lot in the wider market and where the owner cannot find a suitable alternative property, or they fear that the market is moving against them or perhaps mortgage issues are encountered.
Speeding up the conveyancing process would certainly assist matters in giving people less time to change their minds and less opportunity if the process was moving along quickly. But with the best will in the World, nothing will prevent 'gazanything' if the rules of conveyancing are not changed. Ensuring that buyers and sellers are bound by some form of contractual obligation is vital to this. eMoov are pioneering in supporting this principle as the FIRST ONLINE ESTATE AGENT to become members of the e-Homebuying Forum, a lobby group that exists to pressure Government to change our backward looking home moving process to one that is fit for the 21st Century. Like Scotland, New Zealand, The USA, Australia, Continental Europe and just about every other country in the World.
Until those changes are made, it's worth noting that all of eMoov's selling clients have paid an element of their fee upfront, thereby saving themselves around 90% in commission when compared to more traditional offline estate agencies. Not only are they saving themselves money, but they're also already financially committed to making their move.
So if you're in the market for a new home, you can rest assured that all of eMoov's sellers much less likely to change their minds, waste your money and cause you any kind of property-related distress - or, as we like to call it, 'gazanguish'.
About the Author:
Fed up with paying high estate agent fees? Join the growing number of people using online estate agents eMoov.co.uk. eMoov will visit you to take full details of your home and then advertise it on all of the UK's 25 most popular property websites including Rightmove. Selling fees start at just 99. Never tried an online estate agent? What are you waiting for...?