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its the seller's choice to accept any offer (or none) anf it doesn't have to be the highest one. Once accepted that's that unless the offer is conditional on something e.g. further
In my experience (of buyin 1 house in scotland), once the bids are in, that is it! No comeback, and no chance of getting gazumped! Once a bid is accepted it is usually a dead cert that you won't be outbid at that point! As you say, Best and Final actually does mean Best and Final!
Bernhard
But can the seller ask for more once all bids have been made?
I'd like to see a system where 'Best and final' offers actually means something other than the start of a bidding war.