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I attempted to purchase a house and my offer was accepted, but someone ended up outbidding me. Can you help me figure out what happened?

I'm in California if that helps.

Here's a timeline:

-I made an offer on a house
-On Saturday, realtor called and said they had accepted my offer Friday night.
-On Saturday, we received a copy of a counter offer form w/ seller's signature on it stating that they are selling the house "as is" and realtor said to sign and accept by Monday if we would like to proceed in purchasing the house.
-Realtor called on Sunday stating that seller has received additional offers so their counter offer has been rescinded and they sent another counter offer stating that they will accept the highest offer.
-Today, realtor had us sign that form as well as a buyer counter offer stating our original price. Realtor made it appear as though we had the house.
-Realtor said they accepted someone else's offer and that we are next on the list.

Did my realtor drop the ball?

submitted by /u/The__Rover
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ehx2mo/i_attempted_to_purchase_a_house_and_my_offer_was/
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