On-line Auction Terms & Conditions
1. AUCTION EVENT TYPE: Online Only Auction
2. LOCATION ADDRESS: ~500 Malcolms Point Rd., Cadiz, KY 42211
3. AUCTION START DATE/TIME: 07/2/2018 9:00AM
4. AUCTION CLOSE DATE/TIME: 07/15/2018 9:00pm
5. PREVIEW DATES: Contact office for showing details, By Appointment firstname.lastname@example.org or 270-839-3136
6. BUYERS PREMIUM: BUYERS PREMIUM: 10% Online (ex. $100.00 x 10% =$110.00)
7. TAX: 6% Sales Tax (if applicable)
Real Estate Taxes: Ad Valorem taxes to be prorated between buyer and seller and paid at closing for current tax year.
8. TAX EXEMPT BUYERS: A valid Tax Exemption Certificate MUST be presented
at time of checkout. NO EXCEPTIONS - NO REFUNDS
9. TYPES OF PAYMENT: Cash | Cashier's Checks |
Bank Wire add +$18.00 fee Domestic or $36.00 fee International
*A +3% processing fee will be applied to all Credit Card Transactions
Accepted Credit Cards: Visa | MasterCard | AMEX
Checks: With a Bank Letter of Credit (see letter guidelines below in terms)
10. PAYMENT & CHECKOUT TIME: Online Bidder - Down Payment:
10% of the purchase contract price will be due within 24 hours of the close of the auction. If payment arrangements via check are needed such arrangements must be made within 24 hours with the Auction Company. A certified Bank Letter must be submitted with any personal or business checks. Without prior arrangement 10% of the purchase contract price will be charged to the credit card used for registration.
Buyer must be prepared and able to pay CASH at closing. Bidding is not contingent upon financing. Financing must be arranged prior to bidding and in place prior to the auction. Closing shall take place within thirty (30) days of the close of the auction.
** If you currently do not have the funds to pay for your purchases, DO NOT BID **
BIDDING: The online auction will open for bidding 7/2/18 at 9:00AM and Close 7/15/18 at 9:00PM. You may leave a max bid by clicking SET MAX and the system will auto bid for you to that max amount. If you have questions about this process contact us: email@example.com or 270-839-3136
**Bidding available On-Line and via Mobile App**
1 - Click the Register to Bid Button then the Sign up Button - Complete the Registration
2 - Agree to the Terms and Conditions of the Auction and Click SIGN UP
3 - Activate your account by following the instructions sent to your email
4 - After Account is Activated sign in and complete registration
5 – Once account is registered bidders may Sign In without completing steps 1-4 for all auctions unless registering with new credit card
6 - Click on Lots to view details, pictures, and place bids
7 – Max Bids may be left by clicking SET MAX and the system will bid for you
** ALL announcements made by Auctioneer at/or during the auction will take precedence over previous printed materials, website, or any other statements or descriptions made. **
**Online Bidders - Credit Cards will be processed within 24 hours after close of auction unless you contact our office to make other arrangements email: firstname.lastname@example.org or 270-839-3136
AUCTION TERMS AND CONDITIONS:
All Sections of the Terms and Conditions apply no matter the section title
If you have any questions contact ATLAS Real Estate & Auction Services.
email@example.com or 270-839-3136
ONLINE PARTICIPATION REQUIREMENTS: Valid Credit Card Authentication, accurately completed registration form and approval by Auction Company is required for bidding registration.
PAYMENT ACCEPTED: Cash, Cashier's Check, Visa, MasterCard, American Express - credit card transactions have a 3% additional fee, and Bank WireTransfers have additional fees of ($18.00 Domestic) ($36.00 International), checks accepted only with a Bank letter of Credit with the following information included:
1) All Buyers wishing to pay by check must provide a Bank Letter of Guarantee.
All letters must be emailed to firstname.lastname@example.org.
BANK LETTER REQUIREMENTS: The letter must be on bank letterhead and include:
(Customer Name) is in good standing with (Bank Name). We guarantee the payment checks on his/her account (Account Number) up to (specify amount) dollars for purchase at your auction in (Auction Location) on (Auction Date).
We hereby agree that no stop payment will be issued in conjunction with this letter."
PAYMENT INSTRUCTIONS: All onsite purchases MUST be paid for day of auction and online MUST be paid for within 2 Business Days unless arrangements/agreements have been made PRIOR to auction.
ALL Payment MUST be received within 2 Business Days of auction regardless of scheduled pickup or transport times. ATLAS Real Estate & Auction Services reserves the right to charge any additional fees associated with pursuing the collection process for any outstanding and nonpayment invoices.
(A $50.00 fee shall be assessed to Buyer for all returned checks and interest may be charged at the rate of 3% of the total invoice weekly plus, any additional costs, labor or fees incurred to pursue collection).
Payment is due IN FULL upon receipt of invoice. If payment is not received within 2 Business Days of the conclusion of the auction/invoice, the auction company may choose to void buyer's invoice, and
all items will be forfeited. Buyer will be banned from registration and/or bidding in any and all auctions associated with ATLAS Real Estate & Auction Services, its affiliates, and/or industry associates. If a credit card is listed on file, the buyer grants permission for that card to be charged over a period of time until
the total fees and charges are paid in full. All legal fees, collection fees and any other charges arising from nonpayment will be paid by the Buyer.
** If you do not currently have the funds to pay for your purchases DO NOT BID. **
WIRE TRANSFER INFORMATION INTERNATIONAL & DOMESTIC: Please contact ATLAS Real Estate & Auction Services for information on wire transfers. The information will be in emails sent to online winning bidders. There is a $18.00 basic wire transfer fee for domestic wires and a $36.00 for international wires. This amount must be included with the bank wire transfer otherwise the credit card on file will be charged the appropriate amount. Auction company reserves the right to hold items until final payment has been processed in its entirety.
CURRENCY TYPE: USD
CHECKOUT DATE & TIMES: Please see information listed above the terms and conditions section. If special arrangements are needed, please contact the auctioneer:
email@example.com or 270-839-3136
SPECIAL TERMS & CONDITIONS: -This property is being sold - "AS IS", "WHERE IS", NO REFUNDS or EXCHANGES. NO CREDIT CARD CHARGE BACKS. ALL SALES ARE FINAL. THERE ARE NO GUARANTEES OR WARRANTIES EXPRESS OR IMPLIED. Statements, conditions, descriptions, accurate weights or measures on or about items in the auction are provided in good faith and are only matters of opinion. The Auctioneer, auction company and Consignor/Seller disclaim all warranties, express or implied, about the merchantability of the items and their fitness for a particular purpose.
Items offered may or may not be sold as described and/or photographed in item description catalog.
ALL SALES ARE MADE "AS IS, WHERE IS" AND BUYER ACKNOWLEDGES HAVING INSPECTED THE PROPERTY WHETHER IN PERSON OR ONLINE AND TO BE SATISFIED WITH SAME PRIOR TO BIDDING. BUYER IS SOLELY RELYING UPON THEIR OWN EXPERTISE IN CHOOSING TO MAKE ANY PURCHASE. ATLAS Real Estate & Auction Services and Consignor/Seller assume no liability for any environmental issues in the assets being sold. ATLAS Real Estate & Auction Services and Consignor/Seller makes no warranties or guarantees of any sort regarding any environmental issues and assume no liability of any sort if any ever do exist. All counts and weights of items are approximate. All information provided by the Consignor/Seller is believed to be correct, but not guaranteed by ATLAS Real Estate & Auction Services. All announcements made by Auctioneer at/or during the auction will take precedence over previous printed materials, website, or any other statements or descriptions made. A Buyer`s Premium indicated in details section above will be added to all purchases; a 3% administrative fee will apply to ALL credit card purchases. If you do not currently have the funds to pay for your purchases DO NOT BID. Buyer waives any and all claims it may have for any damages, including actual and punitive, whether caused by negligence, willful misconduct or otherwise, and assumes all risk related to the removal of any and all item purchases. SALES TAX WILL BE CHARGED on all purchases unless otherwise stated in the above section.
Additionally, each buyer shall be responsible for payment of any city, county and/or state sales tax that may apply. By registering to bid, buyer is entering into a legally binding contract and agrees to be bound by and adheres to all terms and conditions of this auction.
Feel free to contact ATLAS Real Estate & Auction Services at firstname.lastname@example.org or
270-839-3136 with any questions about the auction or the items in the auction.
ON-LINE TERMS: -The Buyer's Premium listed in the Terms Details Section above will apply. A bank wire transfer fee of $18.00 for domestic and $36.00 for international will be added to all bank wired funds. ATLAS Real Estate & Auction Services has strived to accurately prepare and describe all items in this catalog. All sections of the Auction Terms and Conditions apply to ALL bidders including online, onsite, attendees or participants of any kind regardless of the section title. All items are sold "AS IS, WHERE IS". It is solely the bidder's responsibility to determine the exact condition and approximate count of each item that he/she bids on, all counts are approximate. It is the responsibility of the Bidder to attend the auction preview or schedule an independent preview to satisfy themselves as to the age, condition, value, count, or any other determining factors of the items. ATLAS Real Estate & Auction Services has attempted to provide the correct item description and/or pictures however, any errors or omissions in any provided format, description, or picture, does not affect/or void the sale in anyway, all items are sold "AS IS, WHERE IS" and ALL SALES ARE FINAL. ATLAS Real Estate & Auction Services will NOT be responsible for any errors and/or omissions in the description, and/or pictures of the items. Bidder agrees that under no circumstances whatsoever will ATLAS Real Estate & Auction Services or consignors/sellers ever be liable to any bidder for an amount greater than the purchase price of the item they purchased and only when in agreement that statement materially and intentionally was incorrect. Statements, conditions or descriptions on or about items in the auction are provided in good faith and are only matters of opinion and approximation. Any dismantling of items is prohibited on the auction site or any consignor/seller property. Under NO circumstances shall the Bidder have any claim against ATLAS Real Estate & Auction Services or consignor/seller in the event of any technical issues. Bidder is bidding on item information only. Pictures of items are provided as a reference only and may not always display accurately with correct lot or context. If buyer has a question regarding lot information or images, contact our office PRIOR to bidding. If images display obvious information for lot with limited item text description and/or do not match lot described, buyer is using their expertise, knowledge and judgment to purchase the lot based on what the images reveal and the lot information provided. Even though an item may display as "sold" on the internet, no sales are final until they are certified by ATLAS Real Estate & Auction Services and Bidder receives an invoice and provides good payment. This auction company has requested and been granted access to see all bids placed including any maximum pre-bids. This auction company is permitted to engage in this activity by providing this clear disclosure to you, the bidder. The bids are advanced at pre-set increments available on the bidding web page. From time to time ATLAS Real Estate & Auction Services may accept items with undisclosed reserve prices. The consignor/seller and ATLAS Real Estate & Auction Services reserve the right to bid on behalf of the consignor/seller on items on which there may be a reserve. ATLAS Real Estate & Auction Services may reject or cancel any bid for any reason. The record of the auction made by ATLAS Real Estate & Auction Services shall be conclusive. This is a Public Auction and as such, all qualified bidders may bid including ATLAS Real Estate & Auction Services owners, family members and employees and any consignor company, group members or employees. ATLAS will not be responsible for any missed bids from any source. By bidding on any item in the auction the registered bidder has accepted the terms and conditions of the auction and acknowledges that this is a legally binding contract. If you win an item in the auction you will be notified by email within 24 hours. All items will be charged to the credit card on file within 24 hours after billing unless other arrangements are made PRIOR to the auction start time. The initial invoice you receive after the auction close will be used for billing, any additional fees or charges may be sent in a separate invoice and charged to the credit card on file. All accounts will be settled at the conclusion of the auction or within 72 hours with prior approval. We accept Cash, Cashier's Checks, Visa, MasterCard, American Express and Bank Wire Transfers (within 2 business days of auction close) as determined by the auction payment terms listed in the Terms Detail Section above. Checks must be Pre-Approved by ATLAS Real Estate & Auction Services.
ATLAS Real Estate & Auction Services reserves the right to withdraw or re-catalog items in the auction as needed. All announcements made day of auction or posted as an update in the terms & conditions will take precedence over any and all written, verbal or electronic statements, Auction Company reserves the right to update terms and conditions at any time without notice. Registration: Online bidding will be conducted with an online bidding platform-Internet Bidders are required to register with the online bidding platform and receive an Auction Registration Bidder Number. ATLAS Real Estate & Auction Services is providing Internet Auction bidding as a service. ATLAS Real Estate & Auction Services will not be held responsible for any issues with technology, Auction or Live Bidding via the internet. Internet bidders who desire to make certain their bid is acknowledged should use the max bidding feature and leave their maximum bid 24 hours prior to the beginning of the auction. By registering to bid and/or bidding on any item in the auction the registered bidder has accepted the terms and conditions of the auction and agrees to adhere to and be bound by all sections of the auction terms and conditions. This is a legally binding contract whether attending onsite or by clicking to agree to the terms and conditions online, or by email the buyer is bound by the terms and conditions set forth in this contract.
ATLAS Real Estate & Auction Services reserves the right to refuse service or decline registration to any person/persons. A winning bid is a legal binding contract to buy and provide good funds. Title to the merchandise transfers to Bidder, only when Bidder`s payment is honored. No items will be removed without final payment received. Auction Company reserves the right to hold items until payment can be finalized in its entirety.
INJURY AND DAMAGE:
Bidder acknowledges responsibility for any personal injury or property damage caused by themselves or his or her agent, and further agrees to hold the auctioneers ATLAS Real Estate & Auction Services and consignors/sellers harmless from any personal injury to himself or his agents and any property damage incurred on auction/consignor premises, and releases ATLAS Real Estate & Auction Services and clients from any liability due to any damage or injury.
The auctioneers at ATLAS Real Estate & Auction Services act as the sellers agents.
Auctioneer shall designate the winning bidder after each item is auctioned. If a dispute arises between two or more bidders, the Auctioneers reserve the right to reopen the bidding. The auctioneer's designation of a buyer shall be final. Any and all disputes that require litigation shall be administered and shall be enforced and brought in The State of Kentucky, Trigg County, and governed by the laws of the State of Kentucky. ATLAS Real Estate & Auction Services reserves the right to select the venue for the litigation proceedings whether by arbitration or litigation. ATLAS Real Estate & Auction Services reserves the right to receive compensation of any and all legal fees, collection fees and any other charges incurred by ATLAS Real Estate & Auction Services as a result of any legal action.
BY REGISTERING, BIDDING, AND/OR ATTENDING THIS AUCTION YOU AGREE TO ALL TERMS & CONDITIONS LISTED AS ACKNOWLEDGED AND SET FORTH BY ATLAS REAL ESTATE & AUCTION SERVICES.
FOR FURTHER INFORMATON PLEASE CONTACT ATLAS REAL ESTATE & AUCTION SERVICES
270-839-3136 OR email@example.com