I don't know about you, but buying a home is stressful enough without people swindling you out of it. To me, in England at least, if you put in an offer on a house, and it is accepted by the sellers, then that offer should stand. No-one else should be able to come along and pinch your house off you, because they offer more money!
Years ago, when we were looking at buying, we were quite often encouraged by estate agents to put in higher offers on houses we liked, even though an offer had already been accepted.
This smacks of greed and a complete lack of morals on their behalf, as lets face it, a higher offer gives them more commission and I am sure, is their main reason for encouraging such a diabolical practise.
A family member (cash buyer), was recently gazumped out of their future home by the sellers, despite the sellers wanting a quick sale. I'm sure karma will have something to say about that further down the line. As it happens, they have now put in an offer on a similar sized house, far cheaper, and have begun the buying process once more. I hope they succeed this time.
Have you ever been gazumped, or been encouraged to gazump?
Have a great weekend everyone.