Sheridan Realty & Auction Co.
Online Only Auctions, Residential Real Estate, Land, General & Estate
.28A residential lot.
Parcel ID: 02-15-576-032
Taxes: '11 village- $126.62; '11 summer- $58.10; '11 winter- $226.25
Taxable Value: $5,000
Walkover inspections welcome at any time.
"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.