Sheridan Realty & Auction Co.
Online Only Auctions, Farm & Heavy Equipment, Other
Open house Feb. 21, 11am-12pm
3BR, 1.5BA, 1292sf
Parcel ID: 33-01-01-28-202-081
Taxes: $301.68 (winter '11); $1791.70 (summer '11)
SEV: $32,900 (2011)
Taxable Value: $32,900 (2011)
"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.