Blog > What Is a Bidding War, and How Can Buyers Compete Effectively?
A bidding war occurs when multiple buyers submit offers on the same property, driving the price above list value. To compete effectively, buyers should be fully pre-approved, offer flexible terms, and sometimes include an escalation clause to automatically increase their bid up to a set limit. A personalized letter or clean contract with minimal contingencies can also make a difference. In fast-moving markets, success often comes down to preparation — the most ready, confident buyers win.
GET MORE INFORMATION
