Quote:
Originally Posted by oldjudge
I think there is a different right answer for different bidders. If you have qualifying bids in on thirty lots but can only afford five, then the “everything closes at once” format works better because you can move the money around. If you have only one or two lots you really want, then the “lot by lot” closing method works better since you can have your war, be done, and go to sleep.
|
This is so true. I generally fall into the latter category, which makes sense that I prefer the lot-by-lot close -- to me, nothing is worse than staying up until 2+pm, sleepily thinking I am in good shape since my bid has held for 3-4 hours of extended bidding, going to bed and then waking up to find out someone outbid me in the wee hours. I guess like someone else said, REA is a happy medium -- its an earlier all close at once.