Sheridan Realty & Auction Co.
Online Only Auctions
Open House: Feb. 15, 10-11am
1364sf, 4BR, 2BA, 2 car garage, full basement
parcel ID 02-14-14-228-003
2011 SEV $43,480
2011 Taxable Value $43,480
Taxes: $514.04 ('11 winter); $1585.04 ('11 summer)
"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.