Posted by MikeT23 on 9/1/2010 8:43:00 AM (view original):
The biggest advantage goes to the guy with the most. He knows exactly how much he has to spend. He can bid that and drop out if another, better IFA shows up before this one is signed. But he can force the rest to spend their max.
right, but the bottom line is the same. everybody knows what they have and what they're willing to spend on a ifa. if you have the cash and the guy seems 'worth it' to you, you will outbid whoever else if you're willing to go that far (or are the person with the most $ available).
i guess the only advantage i can see is knowing that you only have to bid a certain amount and nobody else could beat your offer. so it may save you some money depending on what increments you use to raise your offer usually.