What is the bid war?
The Bid War is the competition among buyers who want to buy the same thing and offer more increasing prices to the seller. Offer wars can move the final price above the product value and can be very dangerous for buyers, although they are extremely advantageous for the sellers. Sellers can specifically appreciate the object to provoke the offer war to get a chance at a better price than they could have, by requesting a flat price and receiving the first buyer. Sometimes they start with an unsolicited offer where someone is approaching something that is not for sale, and in other cases something is launched and offers are invited. In the bid war, people quickly respond to the offers of other parties with new offers at higher prices, with the aim of attracting sellers and successfully concluding an agreement. People can also be stored for bids can be involved in the bid war to weaken an agreement with favorable conditions.
. The seller usually tries to play applicants against each other, keep the people whoThe ears are familiar with new offers and encourage them to make their own offers or fall out. Once the offers slow down, the seller will come into contact with the person who offers the most advantageous offer.
One problem that may arise with the offer war is that people can be encouraged to increase their offers without thinking. As a result, they can offer more than they can afford or more than they want to spend. To avoid this, people can be asked to pay a deposit for the offer and prove that they have funds to support a high offer. People may also be subject to fines or sanctions if they have retreated to the agreement after they have signed a purchase contract.
For sellers, WAR menu can be used to increase the final selling price. Buyers can be attracted by competitors and can find that they spend more than they were originally expected. An experienced broker or seller can pomOCI with marketing something that attracts offers, and with the management of the bidding wars to win the best price and close the trade as effectively as possible.