Sheridan Realty & Auction Co.
Online Only Auctions, Antiques, Art, & Collectibles, General & Estate, Other
Parcel ID#: 61-24-205-252-0011-00
2010 Taxes: $85.65
SEV: $1,500 (2010)
Taxable Value: $1,495 (2010)
Walk Over Inspections Anytime!
Contact 517.676.9800 for more information.
"Jumping the Bid" is a bidding strategy by which a bidder increases the bid by more than the next accepted bid (placing your bid at $150 when the next accepted bid is $125). This practice is used by some bidders to discourage others from bidding in hopes of acquiring an item at a lower price. There are many theories on the effectiveness of this practice and a bidder who wishes to apply it does so at their own discretion. The auction company will not lower the price of an item that has been won by a "jumped" bid with no other competing bids.