asking price... should we meet it?

[positivenote]

okay EA has qouted us a certain value that the sellers would be willing to go sale agreed at. The problem is that EA has told me that two other parties have been bidding with us and he would have to see how they reacted to the property meeting the sellers asking price, whether they will improve the offer... as a result i underbid it by X amount and am now waiting for him to let me know if either of them will improve on my offer. If they both pull out and the property is still on view and available is the EA expected to let us know that we are currently the only bidders? and if so should we go to the asking price to get it sale agreed?

all advice is relevant and appreciated as always