Sheridan Realty & Auction Co.
Online Only Auctions, Farm & Heavy Equipment
Open House: Feb. 14, 10-11am
Parcel ID: 59-27-502-013
Taxes: '11 summer- $1707.84; '11 winter- $642.77
SEV (2011): $40,900
Taxable Value (2011): $40,900
2 Units: 3BR, 1BA, 1025sf; 3BR, 1BA, 1050sf
"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.