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Then don't complain when you miss out, as this strategy is not compatible with this sale method. :) It's like turning up to an auction, making a conditional offer, then getting cranky when the property is sold at auction for a lower price than your conditional offer. It's pointless; an auction...

Nikolina, but you knew it wasn't going to auction. I don't think you do understand BAFO, because if you were happy to buy it at $400K, you'd have offered $400K. You were taking a gamble that the vendor/agent didn't mean it when they said "final". As Rooster has said, what other parties are...

Precisely. No, he shouldn't have, because he stuck to his word that prospective buyers should submit their "best and final offer", and then one would be selected. If the buyers had a hint that they'd get a chance to make further offers, then there's no incentive for them to make their best...