Thursday, September 13, 2012

SELLING A HOME IN TODAY'S MARKET

What is a bidding war?

A quick google search will find the following definition (from Investopedia):

"Definition of 'Bidding War'

A situation where two or more buyers are so interested in an item (such as a house or a business) that they make increasingly higher offers of the price they are willing to pay to try to become the new owner of the item. The bidding usually occurs at a fast pace, requiring potential buyers to make less thought-out decisions than they normally might. While a bidding war is a seller's dream come true, it may cause buyer's remorse.

Read more: http://www.investopedia.com/terms/b/bidding-war.asp#ixzz26LtzxnHQ"

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