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According to the papers Sheffield, in South Yorkshire, has been given the dubious honour of being crowned the Gazumping Capital of Britain.
For those who don’t know what gazumping is, it’s when a buyer verbally accepts an offer on a house – and then takes a higher offer from someone else. So if you’re gazumped as the original buyers, you lose out on the house – and any cash you may already have started spending on searches and surveys. Because no written contracts exist until you officially ‘exchange’ there’s no real come back if it happens, other than to try and up the offer yourself, or walk away.
It was a particularly ‘popular’ tactic in the housing boom in the 1990s/early 2000s. There was also gazundering (great terms!), when the buyer suddenly threatens to pull out of a house purchase at the last minute, threatening the whole chain, unless the seller accepts a lower offer. And there’s now also Ghost-Gazumping (they just keep getting better!), when the seller feels their house has gone up in value in the length of time it’s taken to exchange contracts so wants the buyer to increase their offer or they’ll put it back on the market.
Apparently (and quite shockingly) nearly a third of buyers in the city of Sheffield have been gazumped, according to research by online estate agent eMoov.com, which also noted that demand in the city was hugely on the rise.
Perhaps that’s not such a surprise as the latest report from the Land Registry revealed Yorkshire to be the top performing region in the North. July data showed a 3.1% annual increase in house prices and monthly prices were up 1.5%.
So with gazumping on the rise, and Yorkshire seeing the best house prices in the North – perhaps it’s going to be a busy few months ahead in the property industry!
McCartheys were there to take much of the stress out of what was a very difficult time for myself and my family.All the staff were patient and understanding of our dilemma and did all they could to help.
The storage facilities were safe and very secure with easy access .
All in all a painless experience.
Would highly recommend.
Really friendly and helpful customer service and explained everything clearly. Easy to reserve and new facility in York seems well secured and easy to access, with handy equipment to use (particularly with extended hours - at additional cost). Only minor comment for improvement during these times would be to have sanitise stations near the keypads as these are touch points for everyone using the facility.
Really good service and nice units. Easy access, great location, nothing to fault
The Storage Centre, Meanwood Road,
Leeds LS7 2AH
Removals:
0113 262 3000 /
0113 262 4000
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Storage: 0113 26 26 500
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Saturday: 09.00 to 16.00
Bank Holidays: 10.00 to 14.00
The Storage Centre,
Ripon Road,
Harrogate HG1 2BS
Removals & Storage:
01423 625 000
Van Hire: 01423 625 000
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Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00
The Storage Centre, Kirkgate,
Wakefield WF1 1UW
Removals, Storage & Shredding:
01924 663 555
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Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00
McCarthy's Storage World
Phoenix Retail Park
Leeds Road
Huddersfield
West Yorkshire
HD1 6NE
Removals & Storage
01484 799 599
Email Huddersfield
Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00
Bank Holidays: 10.00 to 15.00
McCarthy's Storage World
Water lane
York
YO30 6PQ
Removals & Storage:
01904 238 333
Van Hire: 01904 238 333
Email York
Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00
Sunday: 09:00 to 14:00