Hansen & Young, Inc.
Online Only Auctions, Residential Real Estate, Land, General & Estate, Other
OPEN HOUSE: MONDAY, FEBRUARY 27, 2012 FROM 9 AM - 4 PM
WEDNESDAY, FEBRUARY 29, 2012 FROM 9AM - 5PM
THURSDAY, MARCH 1, 2012 FROM 9AM - 3PM
NO PERSONAL CHECKS
"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.