House hunters can avoid being 'Gazanged' by choosing to buy new

'Gazanging' is the latest property market buzz word following an increase in the number of buyers finding themselves 'left hanging' as a result of sellers pulling the plug on a deal and withdrawing their home from the market at the last minute.

With new research* revealing an estimated 54,000 buyers had been gazanged in the first six months of the year, Taylor Wimpey is urging house hunters in the Vale of Glamorgan to avoid running the risk of this happening to them by considering buying a new home at it's Golwg y Coed, Pentref Newydd, Equinox and Lychgate Garden developments.

Sara Taylor, regional sales and marketing director for Taylor Wimpey South Wales, said: "After gazumping and gazundering, house hunters now have a new issue to deal with, the risk of being gazanged. This is becoming increasingly common and could be down to a seller not finding a suitable property to move to, nervousness in the current climate, or the fact that they simply change their minds and choose to sit tight.

"By buying a new Taylor Wimpey home you can eliminate these risks as we're the seller, so we're not going to get cold feet or pull a property off the market once a deal has been agreed. If you've been gazumped or gazundered before then you'll be aware of the hassle and heartbreak it can cause, so why not consider buying new and avoid becoming a victim of gazanging."

The research* also found that the number of buyers being gazanged has increased by 20 per cent in the first six months of this year compared to the second half of 2010, with more than a quarter of sellers deciding to pull out of a deal because they couldn't find a suitable home to move to. Market uncertainty and poor consumer confidence are also considered to be factors that have contributed to the increase in gazanging.

Taylor Wimpey is currently offering three, four and five bedroom detached homes at its Golwg Y Coed development in Barry. Prices start from £174,995.

Pentref Newydd in Coity offers a selection of two, three, four and five bedroom homes from £174,995 and Taylor Wimpey's Equinox development in Cardiff offers two, three, four and five bedroom homes starting from £199,995.

Lychgate Gardens in Radyr is offering two, three, four and five bedoom homes £178,995.

See Also: Property News (6705), Taylor Wimpey (1853), Golwg y Coed (3), Pentref Newydd (4), Equinox (3), Lychgate Garden (1), Vale of Glamorgan (1), Radyr (6), Cardiff (17), Barry (4)