The Real Estate Encyclopedia
What is a bidding war?
Category - Home Buying Questions - Buying Legal & Closing FAQ's
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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Home Selling Questions - Selling Legal & Closing FAQ's
Home Selling Questions - Agent, Offer & Commissions FAQ's
Home Buying Questions - Buying Legal & Closing FAQ's
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