...Two buyers want a house, accept both offers, first one in position to exchange contracts wins...
Guessed it might have been something like that.
When I was viewing Iffy Towers, the vendor mentioned something about 'it might have to go to sealed bids'.
My honest and slightly brusque response was: "I can't be bothered with that, so you'll not be getting any sealed bids from me."
I think, unwittingly, that was a good stance to take.
It didn't go to sealed bids, I later offered the asking price, they accepted it.
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