This is real life example. Property came up on market at 4 PM on Tuesday! we advised our client to make an offer of asking price and signed a contract by 6 PM, Agent confirmed acceptance of offer by 7 PM with $10k above our original offer. Next day, we negotiated to get discount $10k sighting a minor building effect and vendor agreed to it! all it took 3 hours to seal the deal!! property details: 1180 Sq meter land with house, Melbourne Eastern suburb, Purchase price sub $500K if our client sells this property today, they are booking a profit of $100K + if developed with full potential,looking at 400K+ profit, Moral of the story is if you see a good deal, dont seat on it, try and snap it up before 1st open home. at least sign the contract, most contracts have cooling off period. above situation was combination of dud REA, excellent buyer and negotiation skill! Hope this helps you to secure a good property!