Bidding War

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • auction
  • competitive sale
  • bargain
  • contest
  • barter

Definition of Bidding War

  1. A bidding war can occur when multiple buyers are interested in purchasing a single property. Competing offers will likely cause the price of the property to escalate resulting in larger profits for the seller.

Related Terms and Acronyms

  • Backup Offer Definition,
    • A bid for a property that the owner will consider if the current transaction falls through.
  • Asking Price Definition,
    • The amount of money the seller requests for the property or item.
  • Counteroffer Definition,
    • Rejection of a purchase offer by submission of another offer with different terms (such as price or closing date). A step in the negotiating process.
  • Low Ball Offer Definition,
    • A way-below-market bid a buyer makes on a property or item.
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