Bidding wars are common in housing sales, especially in seller's markets. For example, a property listed at $250,000 may sell for $300,000 in a bidding war. Bidder A might offer $250,000; then Bidder B offers $260,000, Bidder C offers $270,000 and so on until one bidder offers $300,000 and the other bidders are no longer willing to offer more money. Auctions are another situation where bidding wars are common.
Investment dictionary. Academic. 2012.
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