Assertion: minimum overbid | /r/HasProperty | established
Facets:
value: according to a set formula
type: OTHER
Source sentences:
text: Once an initial offer on a probate property has been accepted by the court, the minimum overbid in court is established according to a set formula dictated by the Probate Code: the accepted offer plus 10% of the first $10,000 plus 5% of the balance.