I think our case is relevant to the thread. We been to an open home last Sunday for a 3X1 house on a 717m2 lot. Asking price range was $259K to $279K. We liked the property but other two parties were also talking to agent and asking him for second view before putting their offer. We called agent but he did not come to write our offer, we knew the reason. He was waiting for other 2 parties to call him for offer as he was showing them next day. We decided to take risk. I told him that if he wants to present our offer to seller, he should come and present it before he takes any other offer (before 6pm). It worked for us, he came and we put $259K. We gave him only one day to make decision. Next morning he came back with a figure from the seller. Asking price was $268K and he told us that vender won't accept below that. We told him that "there are plenty of properties in the market. If he is not accepting our offer, we will look for more properties". We put $265K our last offer. And withing half an hour we got a phone call from agent that our offer was accepted.
Before he show the property to 2 other prospective buyer, we got it.
What I can suggest from my experience that do not fall in love with the property and do not show your excitement to agent. if you like the property, don't waste time, put your offer. And the last thing, Do not give plenty of time to agent to find one more prospective buyer for the property. If he has two offers, you will pay more or you will loose negotiation power.
Thanks.