Best and final offer - can I do this?

[MotherHubba]

Was told to give a best and final offer on a property within a day. Really liked the property - gave x amount, but the two other buyer both gave 10k more.

I am able to give more. The seller is currently deciding between these two and has rejected mine.

Would it be too late or too cheeky for me to counter these with another? If so, how do I play this? An offer hasn't been accepted yet as far as I am aware.

I don't think you understand what "best and final offer" means! But short answer is No you can't make another offer -CF-

Thanks for that..... It's my first time doing this

www.mumsnet.com/Talk/property

And secondly, no - "final" should mean just that.

Best and final means exactly that if you could have offered more you should have done so when you gave your offer

I put the CF strikethrough as a poor joke, serves me right it did not work!

Just speak with the agent, if your position is better they might reconsider but they don’t have to and might just dismiss you flatly or worry you’ll drop the offer at a later stage in the process, but what have you got to lose by asking, and explain this is your first time doing this.

If I was the seller I wouldn’t entertain another offer from you. You gave your best and final. It was worth more to the other two bidders then it was to you.

If you enter a higher offer now it is unfair to the other two and also the vendor may suspect that you’ll reduce your offer further down the line.

Of course you can - it's ridiculous to say otherwise. They've said best and final to speed it along, you could call and say 'I've managed to pool finances and can offer x amount more' LEGALLY they have to pass it on to the seller.

Let the seller decide. I'd want to know if it was me!

Also what is the worst that can happen? Some one you don't know thinks you're a CF?

Worst case scenario you're in the same position you are now--without the house.

House buying needs resilience. Be brave, what have you got to lose? literally nothing. The seller doesn't even know your name.

I think the idea of a 'best and final offer' is that it's your 'best and final offer'.

The seller doesn't to be played by their buyer. They just want to get on and sell their house. They probably aren't interested in your offer because they would expect you to then go on and mess them about further, ie.

I didn't mean £X, I meant £X + Y, followed by a good few weeks of getting on with the house purchase, only to get to the day of exchange where you'd go 'I didn't actually mean £X + Y at all, I meant £X - Z and now that I've wasted months of your time and £££s of your money, I have you over a barrel, where you'll feel obliged to accept my much reduced offer because otherwise you're back at square 1 and face being homeless and/or losing £££s.

Yes you can offer. Nobody can enforce making the offers final - there is no legal status! Just tell the estate agents. Up to the sellers how they then respond.

You've got nothing to lose by making another offer - I'd do it asap. You never know.

Yes you can offer, @ireregularregular is right, it wasn’t a legally binding process , just a estates agents tactic to quicken the process abd get buyers to show true intent.
Offer higher but beware you might just spark a crazy bidding war

Yes you can legally but tbh I probably wouldnt accept yours at this stage unless you went drastically over.

As some PPs have said, make a revised offer. They might consider it or not. I don't think it is a regulated process in England.
Will you offer the £10k (if you are the most attractive [cash] buyers?) or how much more?

Good luck.

Well you can offer, what will it hurt?

But be prepared that it's highly likely the sellers won't entertain it.

You may aswell.

Just remember next time if you get to full and final offers make sure you offer what you really think it is worth.

If you are a decent and honourable human being - no you can't, if you are one of the many CFs around (plenty on here obviously) - go ahead. But I hope you are told to take a long run off a short cliff.

well, at this stage no one will get hurt.

You could contact the agent and said you make some arrangements and are now in position to offer £xxx because you really love the house. What do you have to loose?

There are only so many "final" offer you can make though... so take it as a lesson if there's a next time!

You can do it but if I was the vendor I’d refuse it on principle. I’d have no faith that you wouldn’t mess me about further down the line.

Of course you can offer. You've nothing to lose. Either they think you're a CF and say no and that's that, or they accept it. There's literally nothing to lose by trying, except you'll annoy some people on MN, which is almost worth doing in itself.

Of course, if you're in Scotland and they've accepted an offer then they're more unlikely to accept as it will require them getting a new solicitor but if you're in England with its shitshow of a property system then go for it.

Of course you can make another offer.

I wouldn’t play your stupid games if I was the vendor. You can offer, but don’t be surprised if you’re told where to go.

You say yourself that you were able to give more. For the besr and final offer, maybe you should have given more then.
It’s not hard, clues are all there. Best. and. final. offer.
Better luck next time.

Nothing to stop you offering. It will depend how greedy/true to their word the vendor is.

If one of the others is in a good position to proceed, I'd expect your improved offer to be declined.

If I was selling a house, I'd want your offer.