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Originally Posted by JAF

Someone we know last year out bid the next nearest buyer on a house in Sheffield by £7k and still didn't get the property. Evidently the sellers solicitors recommended which bid the they should accept. Not a system I would want to get involved in.

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Almost all properties in Sheffield are sold this way now.

It's really just a reflection of how lazy the agents are, they don't want to do any work for their commission anymore. They just set a date they want to stop marketing (about 2 weeks after they start) and then say best and final offers.

Unless you are a cash buyer who is willing to forget about a survey, you will never win a best and final offer unless you offer way over actual value (because the agent will suggest you go with the most proceedable and straightforward offer)

We have a number of rentals in that area and hate the best and final process, but it's the way all agents work there (in the 1/2/3 bed normal home market) so no way to avoid