Lakeside Realty & Auction - Terms & Conditions
PLEASE READ CAREFULLY BEFORE BIDDING
All items are sold AS IS, WHERE IS, and ALL SALES ARE FINAL. By placing a bid, you enter into a legally binding agreement and accept all terms outlined below.
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Inspection & Condition of Items
All property is open for thorough inspection prior to bidding. It is the bidder's sole responsibility to determine condition, age, authenticity, value, and suitability of any item.
Descriptions, photos, and advertising provided by Lakeside Realty & Auction are for convenience only and are not guaranteed. Buyers must rely on their own inspection or that of a third party.
Failure to inspect does not relieve the buyer of responsibility to complete the purchase.
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No Warranties / Authenticity
All items are sold without any express or implied warranties, including merchantability or fitness for a particular purpose.
Lakeside Realty & Auction, the seller, and staff make no guarantees regarding:
" Condition
" Year, make, or model
" Mileage or hours
" Authenticity or genuineness
" Safety or compliance with any standards
Buyers assume all risk. If you are uncertain about an item, DO NOT BID.
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Auction Format
All items are offered without reserve unless otherwise stated.
If a reserve is placed, the seller reserves the right to accept or reject the final bid.
Lakeside Realty & Auction reserves the right to:
" Resolve bid discrepancies or tie bids
" Bid on behalf of the seller
" Add, remove, or regroup items at any time
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Registration & Bidding
All bidders must be at least 18 years old and must register prior to bidding.
By registering and placing a bid, you:
" Acknowledge you have read and agree to these terms
" Accept full responsibility for all bids placed under your account
Bids are final and cannot be withdrawn.
Bidder registration is non-transferable, and bidders are responsible for maintaining account security.
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Extended Bidding (Soft Close)
This auction utilizes an auto-extend (soft close) feature.
If a bid is placed within the final minutes of a lot closing, bidding will extend for an additional period (typically 3 minutes). This continues until no further bids are placed.
Lakeside Realty & Auction reserves the right to adjust extension timing if necessary.
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Online Bidding Disclaimer
Bidders are responsible for monitoring lot closing times.
Lakeside Realty & Auction is not responsible for missed bids due to:
" Internet issues
" Software or device malfunctions
" Email or notification failures
Bid early and monitor the auction closely.
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Payment Terms
Accepted payment methods:
" Credit Card (Visa, MasterCard, American Express, Discover) for all invoices under $500.
A 3.5% processing fee will be added to all credit card transactions.
Cash, Bank Certified Check or Wire ($20 incoming wire fee added on) is allowed for all other purchases.
Payment must be made in full immediately following the close of the auction. Buyers grant a security interest in all purchased items until paid in full. Invoice must be settled up within 48 hours of the auction close.
Invoices will be sent within 24 hours of auction close.
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Buyer's Premium
A buyer's premium will be applied to each purchase. This amount is added to the final bid price and becomes part of the total purchase.
(Example: 15% buyer's premium with $500 max per item, unless otherwise stated.)
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Shipping & Transportation
Shipping services will be available unless otherwise stated.
Shipping, handling, insurance, and related costs are the responsibility of the buyer and will be added to the final invoice.
Buyers are responsible for providing accurate shipping information. If shipping cannot be verified for high-value purchases, additional verification or wire transfer may be required.
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Item Removal / Pickup
Buyers must remove items during scheduled pickup times unless shipping arrangements have been made.
Buyers are responsible for:
" Bringing proper equipment and labor
" Safe loading and removal practices
Lakeside Realty & Auction reserves the right to stop unsafe activity.
Items not removed within the designated timeframe may be considered abandoned and:
" Become the property of Lakeside Realty & Auction
" Be resold or disposed of
" Result in additional fees
No refunds will be issued for unclaimed items.
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Transfer of Ownership
Ownership transfers to the buyer upon full payment. At that time, all responsibility passes to the buyer.
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Default of Payment
If payment is not completed, Lakeside Realty & Auction reserves the right to:
" Charge the card on file
" Revoke bidding privileges
" Resell the item
" Pursue legal action for damages, fees, and collection costs
Interest may be charged on overdue balances as allowed by law.
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No Chargebacks / Disputes
Buyers agree not to initiate chargebacks with their credit card provider.
Any disputes must be addressed directly with Lakeside Realty & Auction. Filing a chargeback may result in revoked bidding privileges.
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Communication
Buyers are responsible for monitoring email and auction platform notifications for invoices, updates, and instructions.
Failure to receive communication does not waive buyer responsibility.
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Liability & Indemnification
By participating, bidders agree to hold harmless Lakeside Realty & Auction, its staff, and sellers from any claims, damages, or injuries resulting from:
" Auction attendance
" Item handling or use
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General Terms
" Lakeside Realty & Auction reserves the right to refuse service to anyone
" Auction terms may be updated at any time
" Auctioneer may require identity verification for certain purchases
" Auctioneer may suspend or ban bidders at its discretion
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Contact Information
Lakeside Realty & Auction
(712) 336-8468
info@lakesiderealtyandauction.com