FAO expert types. If you do a "best and final offer" on a house and win

Are they Estate agents allowed to go back to the other party and say "sorry you lost, whats that? You want to increase your offer? I'll tell the vendor".
Has just happened to a friend and may now lose the house
What is the point of "best and final" if it isn't final?
They've been given a chance to increase their offer but surely the point of best and final is to avoid this?

Posted By: megson on April 8th 2016 at 16:15:31

Message Thread

FAO expert types. If you do a "best and final offer" on a house and win (General Chat) - megson, Apr 8, 16:15:31
- Nothing matters till you exchange contracts. Then you can sue. (n/m) (General Chat) - dennis moore, Apr 8, 19:25:08
- I think sleezy real estate agents can smell desperation. (General Chat) - usacanary, Apr 8, 16:42:56
  - What do they actually for their commission? I'm not sure why they still exist as a (General Chat) - essexcanaryOTBC, Apr 8, 18:20:01
    - Not sure what its like in the UK but in the US.... (General Chat) - usacanary, Apr 8, 18:45:08
- Well it's only an offer until it's been accepted. (General Chat) - lurd, Apr 8, 16:32:43
  - Aye thats the other side of the coin isn't it? (General Chat) - megson, Apr 8, 17:40:52
- Sounds like WH Brown tactics (n/m) (General Chat) - Tony Martin, Apr 8, 16:21:05
  - Yep, I'm not a fan of them whatsoever. (n/m) (General Chat) - CityForLife, Apr 8, 17:50:04
- Did you get gazumped? (General Chat) - usacanary, Apr 8, 16:18:08

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