Terms for Personal Property: Payment in full at bid close or pick-up! 10% Buyers Premium added to final bid! An Additional 5% added for Credit Card Purchases
INTERNET BIDDING INCREMENTS
$.00 - $49.00 = $1.00
$50.00 - $99.00 = $5.00
$100.00 - $499.00 = $10.00
$500.00 - $999.00 = $25.00
$1,000.00 - $2,499.00 = $50.00
$2,500.00 - $9,999.00 = $100.00
$10,000.00 - $49,999.00 = $500.00
$50,000.00 - $99,999.00 = $1,000.00
$100,000.00 - $249,999.00 = $2,500.00
$250,000.00 - $499,999.00 = $5,000.00
$500,000.00 – UP = $10,000.00
Potts Brothers Land and Auction, LLC has the sole authority to resolve any bidding disputes as they may arise.
Auction End Times: Potts Brothers Land and Auction, LLC Online Only Auctions are timed events and subject to extended bidding due to bidding activity. Potts Brothers Land and Auction, LLC reserves the right to adjust the auto extension time period.
Example: Potts Brothers Land and Auction, LLC Online Only Personal Property Auction have an auto extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed.
Example: If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the close time of the auction automatically extends to 10:09 a.m. The auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the 10 minute time frame. Potts Brothers Land and Auction, LLC reserves the right to adjust the auto extension time period.
Bidder Verification: The identity of bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Potts Brothers Land and Auction, LLC will reject the registration, and bidding activity will be terminated. The Seller and Potts Brothers Land and Auction, LLC reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the website, you must obey any and all local, state, and federal laws. Violations will result in termination of website use privileges.
Buyer’s Premium: A 10% buyer’s premium will be added to the bid price on all properties to determine the final contract price.
10% Buyer’s Premium Example:
Bid Price: $10,000.00
Plus 10% Buyer’s Premium: $ 1,000.00
Total Contract Price: $11,000.00
Contracts: Contract Packages will be sent by e-mail from Potts Brothers Land and Auction, LLC to the successful bidder, who must execute and fax or email back to Potts Brothers Land and Auction, LLC within 48 hours of receipt.
Auction Administrative Fee: Additional default remedies are reserved by Potts Brothers Land and Auction, LLC and the Seller as provided in the Auction Terms & Conditions. All administrative fees are non-refundable.
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as a buyer’s agent. Potts Brothers Land and Auction, LLC reserves the right to remove or cancel the bids or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At auctions with reserve, the seller andor auctioneer reserves the right to bid. On all other auctions, auctioneer reserves the right to bid on auctioneer’s behalf when permitted by law.
New Data, Corrections and Changes: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
Any dispute between Potts Brothers Land and Auction, LLC, its agents or Representatives and Buyer(s) will be tried in a court of jurisdiction in Walker County, Georgia. By bidding on the property, buyer agrees to all terms and conditions set forth.
Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete.
Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. Please review all information supplied, and seek appropriate assistance prior to bidding.
Refresh your screen constantly during closing minutes of the bidding.
Server & Software Technical Issues: In the event there are technical difficulties related to the service, software or any other on-line auction related technologies Potts Brothers Land and Auction, LLC reserves the right to extend bidding, continue bidding or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR POTTS BROTHERS LAND AND AUCTION, LLC SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. E-mail notifications will be sent to the email address provided in your registration with updated information as deemed necessary by Potts Brothers Land and Auction, LLC.
