Buyer's Premium: There will be a 15% Buyer’s Premium added to the winning bid. The sum of the winning bid plus the Buyer’s Premium will be the sales price.
Online Auction Ending Times:
Estate Auction Group, LLC Online Auctions are timed events and all bidding will close at the specified time. Estate Auction Group, LLC Online Auctions also have an auto-extend feature. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. The auto-extend feature remains active until no further bids are received within a 5-minute time frame. Please monitor the countdown timer to see when the lot will close.
Staggered Closing: This online auction closes in intervals. Depending on how large (# of lots) an auction is, then we set the auction to close so many lots at a time. If it is a large auction, then it will be 75-100 lots at a time. If it is equipment and has 150 lots or less, then we will close the auction approx. 10-25 lots a time, all in 5-minute intervals. Please monitor the countdown timer to see when the lot will close. Please check the auction announcements for detailed information regarding these intervals. This feature works great with the auto-extend feature to closely emulate a live auction.
All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, chargebacks, etc., will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, chargeback, etc.
All description information has been gathered from sources which we believe to be reliable but is not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.
Payment, Pickup, Shipping & Storage Terms:
Pickup/Payment Info: Payment is due upon conclusion of Online Auction on July 9, 2020. Accepted methods of payment are cash, cashier's check or personal/business check, Visa, Mastercard, American Express or Discover (with a 3% processing fee (minimum processing fee of $3) or wire transfer. All fees incurred by wired transfers will be paid by the purchaser. All purchases that have not been paid by Monday, July 12, 2020 will automatically be charged to the credit card used at registration, with a 3% processing fee (minimum processing fee of $3). All purchased items must be removed or mutually arranged for by the deadline of Sunday, July 12, 2020. Any items not removed by the deadline will, at Auctioneer's discretion, be discarded or resold with proceeds retained by Auctioneer. There will be NO REFUND to the purchaser for these forfeited items.
Large Item Pickup: Estate Auction Group, LLC absolutely DOES NOT provide shipping or transportation services for any items larger than the size of largest U.S. Postal Service flat rate box. Removal of items, moving, packaging, loading, transporting, shipping and shipping preparation (on items larger than the above-stated size) are the sole responsibility of the purchaser.
Shipping Preparation: Shipping and shipping preparation on items that will fit into a US Postal Service flat rate box will be subject to the following charges: $5 processing and handling fee per box. The buyer shall pay all shipping fees prior to shipping. The shipping insurance is available through most shipping companies and would be the expense of the buyer (optional). Estate Auction Group, LLC and the sellers WILL NOT be liable for any lost or damaged packages.
Item Transportation: Estate Auction Group, LLC must be notified via phone or email ([email protected]
) of any items that cannot be picked up on an Auction Pickup day, if we are NOT notified then your items will be forfeited. Buyers MAY NOT waive payment until their items are transported.
Forfeiture of Items: Any item/lot that has not been picked up from Auction location within 7 days will, at Auctioneer's discretion, be discarded or resold with proceeds retained by the Auctioneer.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Estate Auction Group LLC reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor ESTATE AUCTION GROUP, LLC SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary.
Any dispute between Estate Auction Group, LLC, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Lake County, Indiana. By bidding on the property, the buyer agrees to all terms and conditions set forth.
Agency: Estate Auction Group, LLC Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Estate Auction Group, LLC, and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
Estate Auction Group, LLC, reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
Auction company employees and/or auction company may bid on and purchase auction items.
BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Estate Auction Group, LLC, and all other MarkNet auctions.
If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately.
For additional auction information, please contact Estate Auction Group, LLC, via email at [email protected]
or by phone at (219)629-5972.
TIME IS OF THE ESSENCE in regard to all auction terms.
<p><span style="color:rgb(76, 76, 76); font-size:14px">AUCTION TERMS & CONDITIONS</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">GENERAL TERMS: The auction will be conducted by Estate Auction Group, LLC on behalf of the owners of the property, referred to as the Seller. Auctioneer is not responsible for the acts or representations of Seller. The auction shall be governed by the terms set forth herein (the agreement), and any additional terms and conditions that are posted concerning the specific property. The Agreement constitutes a valid, binding contract between individuals participating in the auction with the intent to purchase property, referred to as the Bidder or Buyer, and Seller/Auctioneer. The term Bidder or Buyer shall include, but not limited to, the individual or the company represented by the individual and any and all of its agents, employees, representatives, officers, and directors. Auctioneer is not responsible for statements made by the Bidder, Buyer, or other parties. Auctioneer reserves the right to periodically change the terms and conditions of the Agreement, which shall be effective immediately upon posting. It is the Bidders responsibility to review any and all changes made to these terms and conditions prior to bidding on property. The act of submitting a bid shall constitute Bidder acceptance of each and every term and condition contained herein, any additional terms and conditions posted with the property, and any changes made within the full agreement. All persons attending, inspecting or removing property assumes all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released for any claims to actual damage to the property sold and/or consequential damages that may result from the sale of defective property. </span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">DISCLOSURES/NO WARRANTY: There is no warranty offered, expressed or implied, by Estate Auction Group, LLC or Sellers for any property. All property are sold AS-IS, WHERE-IS, and with all faults and defects therein. ALL SALES ARE FINAL. All information provided is believed to be correct but NO warranty as such is either expressed or implied, including but not limited to the merchantability or fitness for a particular purpose. Bidder is solely responsible to determine condition, age, authenticity, value or any other determinative factor. Bidder inspection of the property prior to submitting a bid is strongly recommended. Auctioneer reserves the right to add or withdraw property from the auction, and/or regroup items. Auctioneer reserves the right to sell property absolute or with reserve, at Sellers discretion. The Seller does have the right to make the final bid and the Auctioneer does have the right to bid on behalf of the Seller. The auctioneer reserves the right to open the bid as the result of a tie bid or discrepancies in the bid. Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property. All titles will be assigned to buyer. NO OPEN TITLES.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">BIDDER REGISTRATION: Bidder must be 18 years of age or older, and is required to register for the auction. In registration, Bidder must submit information found to be current, complete, and accurate for proper identification. Auctioneer does not sell or rent this information. Auctioneer uses email mailing lists to notify customers about online and live auctions. Customers who do not wish to be notified should contact the office of the Auctioneer and request removal from the email mailing list. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if Bidder believes number and/or password have been compromised. Auctioneer reserves the right to terminate registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidder from bidding, at Auctioneers sole discretion. Bidder registration is not transferable or assignable. </span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">BIDDING: Bidder must register to participate in the auction. Read the descriptions of each lot and view photographs carefully. If you have any questions call Estate Auction Group, LLC at 219-629-5972. If you visit the viewing location, please personally inspect the property on which you intend to bid during the date(s) indicated in the details per item. Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. All items are sold AS-IS this is an AUCTION and all SALES ARE FINAL. Bids cannot be retracted and are binding contracts between Bidder and Auctioneer/Seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on property. A maximum bid is kept confidential, and Bidder authorizes Auctioneer to place bids on his/her behalf up to the amount of the maximum bid. Upon sale of property, identifying information and purchase amount will be posted for a designated period of time. All questions or disputes must be resolved immediately; no changes or adjustments will be made at a later date. Auctioneer reserves the right to reopen bidding. Auctioneer decisions will be final.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">BUYERS PREMIUM: A 15% buyers premium will be charged on each purchase. A buyers premium, the advertised percentage of the high bid or flat fee added to the high bid will be added to the high bid and become part of the purchase amount at settlement. Buyer agrees to these provisions and will pay the applicable buyers premium.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">PAYMENT TERMS: Sales tax, when applicable, will be charged on both the purchase price and buyers premium. Taxes, fees, shipping, handling, insurance, storage and security charges are Buyers expenses, and will be calculated and rendered due at the sale of the property. Payment must be made in full by the Buyer, immediately upon the completion of the auction by VISA, MasterCard, Cash, Wire Transfer, Certified Check, Cashiers Check, or Personal/Company Check with Irrevocable Bank Letter of Guarantee. Upon making payment for property, no stop payment of funds will be honored, Any stop payment order of a check, or giving a check which is returned marked insufficient funds, shall be deemed by the parties to be a prima facie evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as intent to defraud. If you are from another country other than the US, you must pay in US funds. </span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">REMOVAL OF PROPERTY / SHIPPING TERMS: Buyer assumes full responsibility of property at time of purchase, and all risk of loss and damage to property. Property will not be removed from sale premises until payment in full has been received. Any and all methods of lifting, towing, and/or hauling are the Buyers responsibility. Packing and shipping costs are the responsibility of Buyer and shall be conducted by a third party of choice. Seller and Auctioneer agree that property may remain on the sale premises for up to ten (10) days following the sale. Any and all methods of lifting, towing, and/or hauling are the Buyers responsibility. Packing and shipping costs are the responsibility of Buyer and shall be conducted by a third party of choice unless otherwise noted in the item specific terms. The final day of removal will be posted with property information. Any and all property not removed by Buyer by the final day of removal will revert back to the Auctioneer/ Seller, and may be resold at auction or disposed of in any other manner that seems to be suitable. US funds. </span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">CHOICE OF LAW: The law of the State of Indiana governs this agreement and venue is proper in Lake County, Indiana.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">ADDITIONAL NOTE: The following are property specific Terms & Conditions that are posted online with the individual property information and will override any likewise terms stated in this Agreement.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">- Buyers Premium</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">- Sale Date and Time (Beginning and Ending)</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">- Inspection Location, Dates, and Times</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">- Final Date of Removal</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">- Shipping Arrangements</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">- Special Notes/Comments/Announcements</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">ONLINE BIDDING INFORMATION</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">If you are participating in an online auction, the following additional terms will apply to the Auction Terms & Conditions set forth above: </span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">OBTAINING A USER NAME & PASSWORD: Click on BUYER LOGIN on our Home Page and then CREATE NEW ACCOUNT. Follow the instructions. It’s easy! If you need assistance feel free to contact Estate Auction Group, LLC at 219-771-9021.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">BIDDING IN THE ONLINE AUCTION: Once you are registered and have your User Name & Password, you may place bids as soon as a lot opens for bidding. Your bids are FINAL and constitute a binding contract. Please be aware that lots will close at various times and possibly different days and may be extended. You are responsible for monitoring these close times. Please bid early to avoid disappointment. </span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">Bidder acknowledges that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Auctioneer. We are NOT responsible for your system malfunctions, connection to the Internet or your e-mail client stopping any of our e-mails to you in regard to bid confirmations and/or outbid notifications.</span><br />
<span style="color:rgb(76, 76, 76); font-size:14px">All lots for the auctions must be paid for within 48 hours of the conclusion of the auction. An invoice will be sent to your registered e-mail address within 24 hours following the conclusion of the auction. Once you have received the e-invoice contact us immediately and let us know your payment method. If payment is not received within 72 hours from the auction you agree that all accounts due will be charged to your credit card with a 3.5% fee.</span></p>