Sheridan Realty & Auction Co.
Online Only Auctions, Farm & Heavy Equipment
Parcel ID: 51-443-002-50
SEV (2011): $30,200
Taxable Value (2011): $27,531
Taxes: $288.63 (summer '11); $1,363.53 (winter '11)
Currently rented, exterior inspection only. Selling subject to tenant's rights.
Sale is subject to circuit court approval. This process could take 2-6 weeks. Closing will be 30 days after offer is accepted.
"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.