Don't really know what op's problem is. Maybe, the vendor is pushing for a quick sale in order to buy somewhere else themselves. If you have been outbid then it's a case of raise your bid or admit defeat, I don't get what your problem is with that? If the vendor is pushing for a quick sale, why should they wait around for you to make up your mind as to your next move.
Have you got loan approval for that amount or are you dependent on the sale of your own property? Have you considered the possibility that other bidder is in a better financial position (i.e. ready to go immediately).
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