Stuck in a bidding war?: What best and final offers really mean

A ābest and final offersā process is often used when a property attracts strong interest from multiple buyers.
Hi Majella,
I am interested in buying a property in East Cork. Itās coastal, and I have been bidding for over a week. Iām stuck in a bidding war. The agent informed me that there is lots of interest and that ābest and final offersā are to be submitted within the next seven days.