Purchase of Repossessed House

We're in the process of purchasing a repossessed house.

We recently had the survey completed - and then were subsequently told
by the agent that they'd received a higher offer which is still being
considered.

I'm being told by the estate agent that the house cannot be taken off
the market until exchange, is that true? They say that legally the
third party they are dealing with has an obligation to fetch the best
price - which I understand, but this doesn't effect the marketing of
the property directly does it?

We also seem to be in the middle of some kind of 'serial gazumping' -
where the agent is possibly (artificially or not) inflating the price
of the property by gazumping old buyer with new consecutively, isn't
this illegal?

Any suggestions as to what I can do to get the property removed from
the market upon acceptance of this or a higher offer?

.

Relevant Pages

  • Re: Purchase of Repossessed House
    ... >>> We're in the process of purchasing a repossessed house. ... >>> by the agent that they'd received a higher offer which is still being ... >>> the market upon acceptance of this or a higher offer? ... but presumably considerably more than the asking price. ...
    (uk.legal)
  • Re: Purchase of Repossessed House
    ... >We're in the process of purchasing a repossessed house. ... >by the agent that they'd received a higher offer which is still being ... epsecially if you suspect that the other buyer doesn't exist. ... >the market upon acceptance of this or a higher offer? ...
    (uk.legal)
  • Re: Purchase of Repossessed House
    ... > by the agent that they'd received a higher offer which is still being ... > where the agent is possibly inflating the price ... > the market upon acceptance of this or a higher offer? ... there was a price put on the repossessed house by the estate ...
    (uk.legal)
  • Re: Purchase of Repossessed House
    ... >> We're in the process of purchasing a repossessed house. ... >> by the agent that they'd received a higher offer which is still being ... >> where the agent is possibly inflating the price ... >> the market upon acceptance of this or a higher offer? ...
    (uk.legal)
  • Re: abuse your power (purchasing house)
    ... this rental market is a "buyer's" market for people ... their price less $50/mo. ... The agent tried to pressure me into taking ... The same day, the agent called me back, and said that the owner ...
    (sci.research.careers)