Gazumped. The word no real estate agent or buyer wants to hear. However, in the current real estate market where there are more buyers than sellers, gazumping is going to occur more often than not UNLESS you’re the real estate agent who knows how to exchange a contract for your buyer and vendor.
This brief video has been made to help real estate agents to confidently exchange contracts and to help clients understand what they are doing.
Please remember, if the client does NOT understand what they are signing, do not do it.
We also have a thorough checklist to help guide you through the process of exchanging contracts with buyers. You’ll find it here.
If you have any questions or you would like a more in-depth understanding of contract exchange, please feel free to speak to one of our team at East Coast Conveyancing.