East Bay Probates Real Estate Sales
  • Home
  • Probate
  • Contact Us
  • Probate Blog
  • Probate Videos
  • Conservatorship
  • Trust

I'll Bid One More Time

1/9/2016

0 Comments

 
Picture
The judge called the original original winning bidder and the new bidder forward to the bench. Their agents went too. The house was on sale for $550,000 and the judge said the bids would be in $5,000 increments. The bidding began with the new bidder. He said, "I will only bid one more time." The other bidder went up another $5,000. The new bidder said again, "I will only bid one more time." The other bidder upped the ante again by $5,000. That did it. The house sold for $570,000.
What was unusual here? The new bidder's announcement of how much he was willing to bid. There is no need to broadcast your limit to everyone in the room. By saying his maximum bidding amount, he put himself at a great disadvantage. I couldn't believe that his agent hadn't  advised him to keep his mouth shut.
Eventually, the original winning bidder won. He knew how high he would have to go.
0 Comments

    Author

    Ernest is an experienced agent with Better Homes & Gardens in Oakland CA. This is his specialized website for probates.

    Archives

    May 2017
    February 2016
    January 2016
    October 2015
    September 2015
    May 2015
    December 2014
    July 2014
    May 2014
    October 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    August 2012
    June 2012
    November 2011
    July 2011
    May 2011
    March 2011
    February 2011

    Categories

    All
    Court Confirmation
    Court Confirmation Sale
    Court Process
    Earnest Money Deposit
    East Bay Probates
    Estate Planning
    Foreclosure
    Home Equity Loan
    Investment
    Investors
    Living Trust
    Living Trusts
    Oakland Ca
    Oakland Realtor Probate
    Oakley Probate
    Probate
    Probate Appraisal
    Probate Conservatorship
    Probate Listings
    Probate Referee
    Probate Sale
    Probate Sales
    Probate Sales Berkeley Oakland San Leandro
    Real Estate
    Residential Income
    Short Sale
    Walnut Creek Probate

    RSS Feed

Powered by Create your own unique website with customizable templates.