Auctions
Real Estate Items
for Sale Location Map
Our Facility About Us
Staff Bid
Form Home
BUYER’S
TERMS AND CONDITIONS
Please Note: The following
terms do not apply to Online Bidding Auctions
All items are sold "AS IS,
WHERE IS" with no warranties expressed or implied
A 10% Buyers Premium will be added to all purchases
A 3% convenience fee will be added to all
credit card purchases
PAYMENT in full the day of the auction by cash, guaranteed – certified funds, bank wire ($15 fee), and Company/Personal checks up to $5,000 will be verified through Check Care Systems. Company/Personal checks over $5,000 MUST be accompanied by current irrevocable non-transferable bank letter of guarantee directed to ServCorp International, Inc. You may wish to have a bank letter of guarantee for checks under $5,000 as it will speed up the payment process because we will not have to verify your check with Check Care Systems. Deposits, if stated, are 20% non-refundable (same terms as above) with balance due within 24 hours or loss of deposit. Visa and MasterCard will be accepted ONLY if advertised for the specific auction. NOTE: If auction occurs on a SATURDAY, Payment in Full is required (no deposits), NO EXCEPTIONS! (Please see Bidder's Package for Terms & Conditions for any Real Estate being sold)
Everything will be sold "as is, where is" no guarantee or warranty expressed or implied. Buyers shall rely on their own inspection of the items.
Auctioneer reserves the right to accept or reject any and all bids/increments being offered and add, group, delete, or match at the auctioneer’s discretion. Announcements by the auctioneer before the thing is bid take precedence over any printed and/or oral statements.
Bidding: The bidder is responsible for knowing which item(s) (s)he is bidding on. Once the auctioneer says sold, the buyer has entered into a contract and is responsible for his/her item(s). The Seller shall have no responsibility whatsoever to the Buyer for the thing sold. Bid Rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.
LIABILITY: Purchaser agrees to hold harmless the seller and ServCorp International, Inc. Agents, employees, officers, or auctioneers do not assume any responsibility whatsoever on anything sold or any personal injury resulting thereof.
DISPUTES: Immediately following the striking down of the thing sold, the auctioneer has the right to reopen the bidding in a bid off and/or reopen to all. The original clerking sheet will rule after the auction.
SALES TAX: Will be charged on all items sold (excluding vehicle/trailers). The buyer will be exempt from the 4% State Sales Tax if (s)he has a resale tax exempt number (certificate must be given to cashier at each auction) and/or the property is being transferred to another state by common carrier with a bill of lading to be attached to the paid receipt.
NOTARY: There will be a $25.00 Notary Charge, payable by the purchaser on all vehicles. No titles or bills of sale will be executed without this fee.
REMOVAL: No thing will be removed until paid for in full and receipt is in hand. Removal will be made within the announced checkout times. All other arrangements will be assessed $25.00 per hour with deposit paid in advance. Before leaving, a ServCorp employee will cross reference items loaded to the paid receipt.
ANY PURCHASES LEFT AFTER THE CHECKOUT PERIOD WILL BE LEFT AT THE BUYER’S RISK AND/OR EXPENSE.
Neither Auction Company nor seller are in any way responsible, even as faithful administrators, despite the fact that the item remains in their custody. The auctioneer reserves the right to resell any property not paid for or left after the checkout period unless prior arrangements have been made with either the auction company or the seller only.
(Bank Letter should be presented to staff member at time of registration)
Bank
Letter of Guarantee Should be on Bank Letterhead, Signed by a Bank Official and
Should Read As Follows:
Date
ServCorp International Inc
101 Magnolia Street
Slidell, LA 70460
RE: Auction (Date)
To Whom It May Concern:
<Customer Name,
Company> is a customer of this bank. <Bank> will guarantee payment to ServCorp International, Inc. up to $________ to be drawn
on account #_________ by <Company Name/Individual>. This letter
expires on <Date>. (Date must be at least 10 days from date of
auction) -or- This letter expires 10-days from the date of letter.
Sincerely,
John Doe
John Doe, Vice-President
ABC Bank
Auctions Real Estate Items for Sale Location Map Our Facility About Us Staff Bid Form Home