Mortgage Terms Explained - Bidding War

Money : Mortgages

If you are an estate agent or the seller, then this is what you are really hoping for. Conversely if you want to buy a property, then it is not quite so good news!

A bidding war is a process where there are several (two or more) people/entities bidding for the same property.

The result is usually that the price increases above that desired for the sale.

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By: Stephen

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Is it illegal for an estate agent to inform other prospective buyers of my offer?
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