What does "best and final offer" mean?

When selling your home, a buyer may present a "best and final" purchase offer.

Normally I would say that you should take this very serious and really take it as the buyer's "best and final" offer.

But there is no law that states that the "best and final" offer is set in stone.

If you don't like the buyer's "best and final" offer you should still present them with a counter offer.

You never know, maybe the buyer will sleep on it and change their mind in the morning.

It's worth a shot!

What's the worst that can happen? The buyer says no... that's it.

If that happens, you move on to the next buyer.