[5-DayForum] First round High bidder

[Bill Effros]

I say,

You are the high bidder, and we have 50 bids behind yours.  Most will 
probably drop out, but it will take me over an hour to go through them 
all.  Your bid is just $500 above the next 3 bidders, and you might want 
to consider raising your own bid, rather than waiting for 50 other 
people to try to top it.  This is good for you, but not for me.  
Preemptive bids may knock out a lot of bidders, and you may buy the home 
for less.  But if you just wait until I call everyone else, you will get 
a chance to top them--it's your call--don't worry about the time--I have 
to call everyone else, but I will get back to you, no matter what you 
do, provided only that you are prepared to honor your current bid or 
raise it.

Bill Effros

Diann Prill wrote:
> What exactly do you tell that first person you call?
> It seems counter intuitive to say, "hi, you've got the highest bid, 
> would you like to up it before I start calling others?"
> So, do you say, "hi, you're the highest bidder.  I'm going to be 
> calling all the other bidders to see if anyone would like to bid 
> higher than you...."
> Then what?
>
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