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Is that really wrong? May be the agent had two 350K offers including yours. Then he was trying to push both to 355K but both didn't agree. As an experienced investor, you would have had more 'conditions'. So from the RE agent's eyes (or to the vendor), the other party was a better (easier) buyer.

What's wrong with both?

Damn you guys... I missed my station reading this post! 180K deposit would let you buy about 1 mil property. Say you put down 10% deposit. You will have other expenses (stamp duty, legal, inspections... etc) coming to 5%. So you need 15% for any purchase. That means you can go up to 1.2...