"The decision to move to a 'best and final offer' scenario is guided by the seller, and occurs when there is significant interest in a property and multiple offers are already on the table...giving all potential buyers a fair opportunity to consider and submit their best offer."
"In the property market, 'best and final offers' often come about in competitive scenarios where multiple buyers are interested in a property. It's a sales tactic designed to encourage buyers to submit their highest bid while also creating a sense of urgency and finality."
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