I'm considering placing a bid on a DNR offered rural property in the residents-only part of the auction this year. I'm trying to determine how aggressive I'll likely need to be to be competitive.
I have been searching the web for data on previous year's auction results (to look for comps and bidding patterns), but have come up empty. If a starting bid is say, $20k, is the bidding likely to finish 25% over that number, or is that rare (and parcel specific)?
Any advice that the community can throw my way would be appreciated. Thanks!