Terms of Use

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Basic terms and legal information

All Terms are subject to change

Typical Auction Terms

  • All purchases to be paid in full before leaving the premises. Payment may be made by cash, check, Visa, and MasterCard. 3% administrative fee charged on each sale, 3% discounted for cash and check payments.
  • Buyers Premium - Each auction is subject to a Buyers Premium that varies for each auction
    • 5% Buyers Premium on items over $2,501 and 10% on items under $2,500.
    • 10% Buyers Premium on all items.
    • No Buyers Premium.
  • The sale is "AS IS" and "Where IS" and without warranty of any nature whatsoever. Purchasers are deemed to have conducted their own inspection and should NOT rely on descriptive information provided or statements made.
  • As soon as you are declared the winning bidder you are responsible for the item purchased. Guard against theft or damage as you will have to pay for these items in full.
  • A $50 administrative fee will apply to all titled Items (in and out of state). $8 discount for auto dealers.
  • Purchases to be removed as soon as auction is finished. Items left after the will be charged storage.
  • Purchaser will pay all legal state sales tax, unless exemption requirements are met.
  • Purchaser grants a security interest in purchased items. For any reason payment is not made in full, Prime Time has the right to repossess items, even from the driveway if necessary. Towing and storage will be charged to purchaser.
  • If payment is not honored for any reason (including but not limited to N.S.F., stop payment order, or the like) purchaser agrees to pay $25 return fee.
  • If action is necessary to enforce the terms of this agreement, purchaser agrees to pay attorney fees and costs associated with collection or action.
  • Collusion will not be tolerated. In accordance with the Sherman Act it is unlawful to agree not to bid against another buyer, punishable by fines and prison.

 

Typical Real Estate Terms

  • Property is sold free and clear of all liens and encumbrances.
  • Title Insurance is provided and ½ of closing escrow fee's.

Contract Terms:

  • A Buyer's premium of a specified percentage will be added to the high bid to determine the final contract price to be paid by the buyer. (The Auctioneer represents the seller and the auction fee in no way implies an agency relationship between the Auctioneer and Buyer).
  • Property is sold "With all its benefits and faults, there is no warranty expressed or implied".
  • Contingencies free (purchase not conditional upon obtaining of financing, inspection, selling of a home, someone else's approval, ect).
  • Closing within 30 days of auction date.

Bidding Requirements:

  • A check with bank guarantee, certified funds, cash, cashiers check. Returned after bidding to all unsuccessful bidders.
  • Signed Bidder Registration Agreement.

Information Disclaimer:

  • Information provided is derived from sources believed to be correct, but is not guaranteed, neither the broker nor the seller make any warranty or representation as to the validity or accuracy of any information provided.
  • It is each bidder's sole responsibility to accomplish his own due diligence in whatever manner he deems necessary. Bidders must rely on their own information, judgment, and inspection of the property and records.
  • All measurements are estimates.

Realtor & Broker participation are invited.