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No, they accepted our first offer. The agent knew that it was our best offer and we would pull out if they countered offer. We did tell him our intention.

They accepted my offer. It turned out the property belongs to 3 siblings that inherited it. The owner passed away early this year. The agent didn't tell me the full story until we signed the offer. Anyway, we got it know. I wonder if we could get it for less? Human nature :o Still...

Maybe I'll try this next time :)

Thank you Cliff. I have to remember and note it down for next time. Interestingly the agent hasn't got back to me since the last conversation. Very unusual I thought. Maybe they have other offers better than mine. I would think he should at least let me know. Well, I'll look elsewhere...

Thank you everyone for very helpful advice. I do not want to annoy the seller as it will not be help us get the property. The property is advertised for 799K but we only want to offer 750K. That is our max. Offering say 720K - 730K sounds too low and I feel it might annoy the seller. The...

Thanks shorty. I thought first and final offer would put the vendor under pressure.

We are going to put an offer but we won't pay more than our first offer. Should we put a first and final offer so the seller get the idea?

We are going to put an offer on an IP. What does 'First and final offer' really mean? If the offer get rejected, that's it? We can't make other offer? We don't want to go higher than our first offer but can't put a lower first offer too because we feel it will be way too low from the asking...