Definition of "overbids" [overbids]

• Third-person singular simple present indicative form of overbid. (verb)

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• "It was on the market for 45 days and instead of getting overbids of $100K or more, as we expected, we got bits at or below the asking price."
• "This seems to indicate to me that housing prices have actually fallen about $100 to $100,000 in recent months, cleverly hidden by the fact that most houses do not get overbids in the Bay Area anymore and that the practice of negotiating a lower price in escrow is pretty common."
• "I try to stay away from online auctions, i do, but everynow and then i see somethign that I just wanna try for, so I go ahead ... and I watch it ... and then some mongoloid ass-monkey comes in at the last minute and overbids me by $1.00."