|Guaranty/Warranty. All assets offered on Bid-Assets.com are offered AS IS, WHERE IS by the Seller. Seller and Bid-Assets make no warranty or guaranty of any kind, expressed or implied, as to fitness for any purpose of the property offered for sale. The Buyer is not entitled to any monetary damages for items purchased. Buyer will bid on items as if he/she has personally inspected it and is in no way relying on descriptions by Seller or Bid-Assets to influence their bidding.
Injury/Damages. Anyone attending the preview or removal periods do so at their own risk. Attendees will hold harmless the Sellers, Bid-Assets, and their staff for any injury to those in their party or damage of goods purchased.
Inspection. It is highly recommended that potential buyers inspect the items before bidding. Most assets offered for sale are used and may contain defects not immediately detectable. Items may be inspected only on the posted inspection dates and times. Dates and times may be found on the individual auction’s main page. Attendees agree to rectify and repay the Seller for any damages that the may occur to assets, or property on the site that the attendee may cause.
Bid Cancellation. Bid-Assets and the Seller reserves the right to reject any and all bids and to remove from sale any of the items listed. All bids are final. Use extreme caution as buyers may NOT retract bids once confirmed through Bid-Assets.
Halting, Rescheduling, Canceling Auction. Although rare, the Seller or Bid-Assets may Halt, Reschedule, or Cancel an auction for any reason. Should an auction be halted, the Buyer agrees to be bound by their bid until the auction is completed. If an auction is re-scheduled, the Buyer agrees to be bound by their bid until the auction is completed. If an auction is canceled, Bid-Assets will cancel all bids, and the Buyer is released from their bidding contract.
Auction Platform and Entry Errors. Users of this platform agree to hold harmless Bid-Assets, the Seller, and Third Party Sellers, for any and all errors due to mis-entered information, internet connectivity, server failure, date/time changes to any auction, and any errors that could result from the use of this bidding platform. Bid-Assets may halt an auction to make necessary changes.
Bidding Process. Most auctions utilize a “soft close”. Starting at the close time of the auction, items will begin closing with a group of items each minute until all items are sold. Should recent bidding take place before an item closes, that item will extend up to 3 more minutes until there is no more bidding activity. Items will continue closing in order while the extended items remain open for bidding. Bid-Assets allows you to raise your own bid. If you are the high bidder and want to increase your maximum bid, DO NOT put anything in the first bidding box. Use the Max Bid Box only on the right!
Invoices. Successful bidders will receive an invoice via the email that was used in registration, for all purchases, within 24 hours of the auction closing. The 10% buyer’s premium will be required in the form of a certified check or wire transfer as your NON-REFUNDABLE down payment within 24 hours of auction closing. Certified funds will be made payable to: American Real Estate Specialists LLC. Funds will be deposited into their escrow account. Closing within 45 days of auction close.
Buyers Premium. A 10% buyers premium will be added to the high bid price to determine the final purchase price.
Payments. Payment in full will be charged to the credit card on file within 24 hours of the auction closing. If a buyer chooses to use Paypal instead of the credit card on file, Buyer must contact Bid-Assets in writing via email at: firstname.lastname@example.org, and must include the Name and Date of Auction, Buyer Number, and their EXACT Paypal email address.
Real Estate Deposits with the buyer’s premium above $10,000. must be paid by certified funds within 24 hours of the auction closing. Certified Checks shall be made payable to: American Real Estate Specialists LLC and brought to their office. Bid-Assets will specify if check should be brought to site or mailed.
Removal. Buyers agree to remove their purchases in accordance to the dates and times posted on the specific auction’s homepage unless otherwise notified in writing of a different date. No Exceptions. Buyer must bring a “Paid In Full” receipt to the site with their ID to receive their items. Buyer is responsible for loading and removal of any and all assets on their invoice. Buyer agrees to bring their own tools and assistance to remove any asset. The Buyer will make all arrangements and perform all work necessary, including packing, loading and transportation of their items. Under no circumstances will Bid-Assets staff or Seller assume responsibility for packing, loading or shipping. Items not retrieved by during the removal period will be considered forfeited without refund. Unpaid items that are left on site outside of the removal dates and times will incur a $20. per day fee per invoice. If a buyer purchases and pays for an item, and abandons it, Buyer will not be given a refund and agrees to pay Bid-Assets the removal cost plus 20%.
Vehicle Titles. Bid-Assets will arrange the meeting between the buyer and seller to exchange and notarize any titled asset. Bid-Assets does not guarantee or warranty the title in any way. All arrangements regarding title must be performed directly with the Seller.
Termination of Use. Any buyer that Bid-Assets or the Seller deems unfit to bid for any reason may result in termination of bidding privileges not limited to but including: (1) failure to abide by all terms and conditions set forth by Bid-Assets; (2) payment failure for any reason; and (3) failure to remove all items within the specified time listed on each auction. Buyer may not participate in any auction on the Bid-Assets online auction platform until the amount in default has been paid in full. The Seller may exercise legal action against the buyer for violation of terms agreed to in this contract. Buyer allows the Seller to reclaim and resell all items not removed in the agreed date and time without refund to buyer.
Acceptance of Terms and Conditions. By placing a bid on Bid-Assets.com, the bidder agrees that they have read, fully understand and accept these Terms and Conditions, and agree to pay for and remove the assets, if the bid is accepted, by the dates and times specified.
Credit Card Pre-Authorization: At each of our online auctions, once you place your first bid, Authorize.net will “pre-authorize” the credit card entered for $1.00 . (This is to authorize the card only…not a charge.) If the credit card account information entered does not pass this authorization, it will direct you to re-enter your card information and will allow 3 attempts before lock out. ALL bidders must register with a valid credit card in order to bid on our site. If you need assistance in updating your new credit card on file, please contact Bid-Assets.
State/Local Sales and/or Use Tax. Buyers may be subject to payment of State and/or local sales and/or use tax. Buyers are responsible for contacting the appropriate tax office, completing any forms, and paying any taxes that may be imposed. By bidding on items on the Bid-Assets online auction site, the buyer agrees to pay sales tax for any purchase made that the State deems taxable for any and all items purchased through this site, past or present. Exempt Buyers must email a signed exemption form to: email@example.com
Who May Bid. All auctions on the Bid-Assets online auction site are open to the public. Anyone who agrees to abide by the terms and conditions of this agreement may register to bid. This includes, the Sellers and their employees, Bid-Assets and their employees, Third Party Auction Companies using this platform and their employees, Administrators, Family Members, Trustees, Superintendents, and Board Members