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No, I am fairly sure this is a genuine technique, it makes sense if you think of it from the vendors perspective, this is how I assumed it worked in this situation: REA tells all interested parties they have a chance to all put in one final bid, no further bids will be accepted. This...

Highest offer If the REA told you you had to put in your last and final offer, why would you be upset if you were outbid? This does seem fairly standard, we missed out on one property this way. ie We were told you have to put in your absolute best offer, and it turns someone elses best offer...