Be firmly aware that "final offer" means literally nothing, and gives absolutely no advantage to you!.
They will simply look at themthese new offers and then think, "oh these are interesting, I wonder what we can get".
There is literally no benefit, whatsoever, to you (or the other buyer).
Very important: whatImportant! What does the phrase 'final offer' mean?
All of this is just colorful language. When you say something like "best!", "final!", "highest!" etc, there is, obviously, no specific meaning.
(There is, utterly, no actual legal or accounting meaning. Obviously. ButBut there is not even any "meaning" in language - it's simply colorful language"colorful language".)
At least twoSome folks here have commented that the BuyerSeller may or may not be "honest". Fortunately (so to speak), that is meaningless in this situationnot the issue...
When the BuyerSeller says "Send in your final offer!" it's just colorful language meaning:
There is utterly no meaning if you add adjectives such as final, last, best, most powerful, decisive, aggressive, high, etc.
- It could be that people not familiar w/ the UK market are thinking of an actual legal mechanisms, perhaps an "auction" or "dutch Auction", "sealed Auction", "tender" or whatever.
This has utterly no connection to any of that.
When the agent happened to say send in more 'final' offers, it is just colorful language, it has utterly no meaning, mechanism, effect - it means literally nothing. It's just like saying enthusiastically "Send in more offers - really good ones! Let's do it!"
Just totally ignore anything an agent says about "deadlines". It's laughable. Do what you want in your own time.
Certainly, at any split second you can lose out on buying a house, for numerous reasons. Any That works both ways. Any "deadlines" mentioned by anyone are totally fatuous.