Sheridan Realty & Auction Co.
Online Only Auctions, Land
Taxes: '11 summer- $302.23; '11 winter- $157.81
SEV (2011): $44,600
Taxable Value (2011): $25,450
60 x 200ft .27 Acres
Currently rented, exterior inspection only. Sold subject to tenant rights. No security deposit will be given to the buyer.
"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.