Sheridan Realty & Auction Co.
Farm & Heavy Equipment
Open house Feb. 21, 1:30-2:30pm
3BR, 2BA, 1196sf
Parcel ID: 33-02-02-22-376-003
Taxes: $1065.82 (winter'10); $1115.77 (summer '10)
SEV: $31,500 (2011)
Taxable Value: $31,500 (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.