Buyers Anti-gazumping Provision

  • When a seller accepts an offer from a buyer and the seller subsequently accepts a higher offer from another buyer for more money the first buyer has been gazumped.
  • IMPORTANT POINT: If you buy a house from Albani (sold through the Home Owners Plan™) you will not be gazumped:
    • We will only accept your offer conditional upon you (the buyer) exchanging contracts and paying our Legal Department a 5% Sale Deposit within 6 weeks from the date of our Acceptance Email.
    • We will not sell the house you want to buy to someone else for more money than you have offered.
    • Time being of the essence Albani reserving the right to deal with other buyers at any time conditional upon this timetable not being adhered to.
  • Our Anti-gazumping Provision gives buyers peace of mind.