What happens if you are going to buy something at a stall and its say thirty quid!
You offer the seller twenty quid and a deal is done on twenty five but no money exchanges hands!
Another buyer is watching and says to the seller ‘I will give you your thirty quid mate’
The sellers IS entitled to take the higher offer!
Its not very good practice to make an offer without having the money to pay there but then equally it is not good practice to be gazumped!
So wake up, get your money ready and dont complain to me if you lose out on a deal! Ha!