Offers & NegotiationHomebuying Glossary
Bidding War
A situation where multiple buyers compete for the same home, driving the price above asking.
In plain English
A bidding war happens when several buyers submit competing offers on the same listing, often pushing the final sale price well above the original asking price in a strong seller's market.
Why it matters
Setting a firm personal maximum before you start bidding helps you avoid getting caught up in the moment and overpaying.
Where you'll run into it
Guides and tools on TheBuyingPath that cover bidding war in context.
Related terms
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