38+/- Acres in Anson County, NC
Iron Horse Auction Company
Online Only Auctions, Residential Real Estate, Land
Iron Horse Auction Company
Online Only Auctions, Residential Real Estate, Land
Ending Date
Jun 21, 2022
COMING SOON
"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.