Being a principled person in this day and age is a rare thing, well done mate.The estate agent is still bringing around people even though we have accepted the offer that works for us. I don't like that at all. Gazumping is not something I want to get involved with, it's not the money for me, it is the principle that matters.
BUT, the agent is actually doing his job cos if number one drops out, then you need a number two and maybe even a number three. surprised he hasn't explained this to you.
Until you have the deposit from number one you cannot be absolutely sure.
I once had a couple promise to buy then drop out then promise to buy AGAIN the drop out AGAIN. And in the meantime I had paid for a full structural survey on a place I then couldn't buy. And all this at the time of my divorce so you can imagine it was money I could ill afford to lose.
As for gazumping, well, I admire your position, and can't help feeling that a gazumper is likely to have the morals of a rat, but then again maybe they just really like your house. The number one can always be given the opportunity to match their offer.
This happens quite a bit, when my bruv and I were selling my deceased dad's house a kind of bidding war went on for his place with the final bid being about the third or fourth each one made.
Also, at the end of the day it could be said it is the agent's job to get you the best deal possible.
Not fun, all this is why house-buying and selling rates so highly on the stress -o-meter.
At the end of the day, it is great that so many people want to buy your house and at a good price.
It shows all your hard work in preparing it is paying off!