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| The Real Estate Encyclopedia |
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| What is a bidding war? |
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| Category - Home Selling FAQ's - Selling Legal & Closing
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| This is when two buyers are competing for the same house at the same time. As a buyer it's not a great position to be in. However, as a seller it works out great. The idea is the buyers will try to outdo the other by increasing their offers. In most cases the buyer winds up paying more than they would have had there not been other offers |
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Courtesy of HomeOwners Advantage and link that to their entry in the wiki which is at HomeOwners Advantage |
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