What is a 'Bidding War'?

A bidding war is a situation in which potential buyers of a property vie for ownership via a series of increasing price bids. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

| Term of the Day Bidding War A bidding war refers to a circumstance in which two or more prospective buyers of a property compete for ownership through incrementally increasing bids. Read More » Related to "Bidding War" Playing Hardball When Selling Your Home Are you planning on selling your house? Learn these strategies to help you get you a better deal in house sale. Read More » 8 Tips For Recession House Hunters Follow these eight tips to get a leg up on rival bargain hunters. Read More » Should You Buy a House at Auction? The traditional real estate market isn't the only place to conduct your home search. Auctions also supply many buying opportunities for informed house hunters. Read More » Related Definitions Seller's Market A seller's market is a market condition characterized by a shortage of goods available for sale, resulting in pricing power for the seller. Read More » Escalator Clause Escalator clauses take a variety of forms and allow people to enter large or long-term contracts by accommodating changes in the market. Read More » Price Ceiling The price ceiling is the maximum a seller can legally charge for a product or service. Read More » Lease A lease is a legal document outlining the terms under which one party agrees to rent property from another party. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC, All Rights Reserved | Privacy Policy