Talk:Gazumping

http://news.bbc.co.uk/1/hi/business/3278781.stm http://news.bbc.co.uk/1/hi/business/1918415.stm http://news.bbc.co.uk/1/hi/uk/208394.stm http://news.bbc.co.uk/1/hi/business/your_money/150474.stm http://news.bbc.co.uk/1/hi/uk/62003.stm

all land is owned by the crown - an irrelevance

That all land is or is not owned by the crown is a complete red herring. It matters not one jot whether this is the case or not - gazumping could STILL occur and DOES occur in some countries where there is no monarch. So I intend to remove (otherwise possibly factually correct) information which has no bearing on the article. Paul Beardsell 19:18, 14 September 2006 (UTC)

And you _can_ be gazumped on leasehold property. Paul Beardsell 16:52, 15 September 2006 (UTC)

The fact that the Crown technically has allodial title is an irrelevance except in the context of compulsory purchase or people dying intestate with no heirs. It has nothing to do with gazumping. Title in fee simple is in effect ownership: one has a right to the land for ever. The theoretical title of the Crown has no relevance whatsoever to modern land law, and has been pretty irrelevant since about Tudor times. 131.111.243.142 (talk) 11:00, 31 October 2010 (UTC)

who gazumps whom?

I believe 'gazumping' is what the new incoming buyer does to the maker of the original offer, rather than being something that the seller does to the maker of the offer upon receiving a higher one. In other words, if Alice is selling her house, and Bob makes her an offer, but before exchanging contracts Charles makes Alice a higher offer, which she accepts, then Bob has been gazumped, and Bob has been gazumped by Charles. This is a slightly different implication than currently reflected in the article. I will do some research to check this, and find out if there are in fact different usages, and will then update the article if appropriate. Mooncow (talk) 11:29, 11 December 2009 (UTC)

Having just been gazumped I do not agree. It is the seller Alice who has made the decision to gazump Bob. Actually I think being gazumped refers mostly to what happens to Bob. Its a new word, I think you are being over-precise to try to define what it means when that definition out in the wild is not as precise. Gazumping could refer to A, B, or C depending on context. 78.146.77.179 (talk) 12:08, 6 February 2010 (UTC)

I agree that the seller has a role in gazumping, as they choose to accept the higher offer and renegue on their earlier acceptance of the original offer. I'm sorry that this happened to you. There do seem to be two distinct usages reflected in sources. In the scenario I described above, Charles gazumps Bob, and Bob is gazumped by Charles. But another scenario is that Alice, instead of immediately accepting the new offer from Charles, comes back to Bob to ask them for more money: Bob either has to offer the higher price or lose the purchase. This second scenario also occurs without the existence of a 'Charles' -- Alice might simply suddenly demand a higher price than originally agreed. In both these second cases, Alice gazumps Bob, and Bob is gazumped by Alice. I think you're right that the important thing is that it is Bob who is left in the lurch, Bob who is gazumped. Wikipedia is not a dictionary --- I have redrafted the definition so that it deliberately doesn't specify either usage. Mooncow (talk) 17:22, 9 December 2010 (UTC)

Yes, I agree with Mooncow. I understood this refered to the action of the 'victorious' buyer who 'trumps' the first/other buyer.

—DIV (138.194.12.224 (talk) 23:26, 14 November 2012 (UTC))

Ireland

The term gazumping has also been adopted in Ireland. Cf: http://www.propertyireland.ie/index.php?option=com_content&task=view&id=29&Itemid=60

Apparently it's a word of Yiddish origin, though I can't quickly find a reliable reference for it. This is as close as I've come: http://www.phrases.org.uk/bulletin_board/26/messages/399.html — Preceding unsigned comment added by 68.48.43.61 (talk) 15:10, 20 January 2012 (UTC)

article title

Shouldn't this article be titled "gazump"? Huw Powell (talk) 01:17, 19 September 2010 (UTC)

No. See WP:NOUN. "Titles should be nouns or noun phrases." Mooncow (talk) 17:27, 9 December 2010 (UTC)

Canada

It looks like the term in Canada is "shadow flipping". Is this the same thing? --Munchkinguy (talk) 16:26, 17 May 2016 (UTC)