Can I simply increase my bid on Heritage?

canadanz

Can I enter a new higher bid without bidding against myself on Heritage? I realize this is probably a stupid question but it's not exactly clear. And I still think that with Teletrade you can bid against yourself... something I'd rather not do.

123cents

Yes you can.

barrytrot

And you won't "bid against youself" other than if your original bid was "not a full bid increment" in which case you would trigger to the "full bid increment" instead of the partial.

In other words if your bid was $101 and the under bidder was $100 you would win it for $101.

However, if you increased your bid to $110 and the under bidder was $100 you would then pay $110.


Other than that, increasing your bid will not force you to pay more.

In other words if your bid was $1,000 and the under bidder was $100 then you would still only pay $110.

canadanz

Thanks for the info