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Yes this is normal. Everyone wonders if they paid too much. Have you checked your numbers? Do they stack up? Or has the following just happened? If the contract isnt valid you can possibly get your money back (just your solicitor). Possibly. Relax, have a beer (or 2,3,4,5,6 :D), clear...

There are always going to pros and cons. For example, the existing system of buyer gives a price, agent claims there's another party (of which he can't disclose due to privacy) who has made $xxx bid and asks if you would like to increase your offer. That's equally annoying (if not more...

I think its more important that a unit has multiple aspects as opposed to one for cross flow ventilation. The unit I lived in before only faced north - while nice there was never a breeze. Next door neighbour had north and east and that was a lot nicer.

Doesn't have to the be the same agent. If MightyWill gets upset and pays more than they should for the next property in the same suburb, then they would have set a new benchmark. All agents from the area would benefit as a result. Remember agents aren't after the final price. They only care...

This isn't ebay. Sniping does not work. Most of these first and final offers work with sealed envelopes. Granted there are cases the agent can tell other parties they favour to bid more (once they know the result). But I daresay this is rare - the agent has nothing to gain and lot more to...

The purpose is to psyche you up so that you pay more than you should for the next one. You should pay what you think something is worth. Not what you think you can get away with (exception to that rule is if you have ALL the information - kind of like insider trading).

The question you need to ask yourself is why did you offer $2k less? Is it because you thought that $2k was no longer fair value. If that's the case then you shouldn't be upset by it. If you offered $2k less hoping you could get away with it then it backfired. What if you offered $10k...