n. As a house buyer, reducing a previously agreed-on price for a house just prior to signing the contract.
Other Forms
Remember, if you complete your transaction on bad terms, or twist the vendors’ arms with a bit of last-minute gazundering, you may find yourself moving into a house in which everything has been stripped out.
—Christopher Middleton, “Confessions of an estate agent,” The Telegraph, July 02, 2011
Estate agents are reporting a return of gazundering as falling house prices give buyers the upper hand.

Up to 25 per cent of purchasers are attempting to renegotiate the price downwards at the last minute.
—Eleanor Harding, “Gazundering is back as falling house prices give buyers the upper hand,” The Daily Mail, October 11, 2010
1987 (earliest)
The deposit allows both sides to show their good intentions," says Caroline Lonsdale, Secretary to the Standing Committee. "It works both ways and will help reduce gazumping and gazundering (whereby the purchaser puts pressure on the vendor to accept a lower price).
—“Investors Chronicle Volume 79,” Financial Times Business Publications, April 01, 1987
After gazumping and gazundering, the property market has identified a new danger for would-be homeowners: gazanging. Volatile house prices and a lack of available property is driving the phenomenon of sellers pulling out at the last minute.
—Mark King, “Gazanging — the new menace facing potential homebuyers,” The Guardian, September 19, 2011
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