1. Inspection
Most auctions have a period of inspection prior to the auction during which prospective bidders may view the assets for sale in order to help them determine the condition and value of the assets. It is important to take advantage of the inspection period since all of the items for auction are sold in an “as-is, where-is” condition.
2. Registration
Each bidder must register by providing their name, address and phone number. Each bidder must also agree to the terms and conditions of the auction sale before being issued a bidder number.
3. Bidding
After registration, prospective purchasers may bid on the items in which they have an interest utilizing their bidder number in the process. There is also an option to leave an absentee bid if you cannot make it to a particular auction.
4. Deposit
If you are the high bidder for a particular item, you will be required to leave a deposit in the amount of $100.00 or 25% of the amount of your purchase (whichever is greater) and maintain that 25% deposit level throughout the course of the auction. (This refers to Live auctions only
- Payment
Items won at an auction must be paid in full within two full days after the auction has ended.
- Removal
All items purchased must be removed by the designated time stated in the terms and conditions. Buyers must remove their purchases at their own risk, expense, and liability.