1. BIDDER REGISTRATION: All prospective buyers must register their name, address, and phone number prior to the auction in order to bid. This information will not be sold, and there is no charge for registration. Stuart Realty Group, Inc, at its sole discretion, may deny registration or require a deposit from any person or entity. A successful bid at auction constitutes a legally binding contract of sale.
2. PROPERTY INSPECTION/PREVIEW: Previewing is essential. It is the buyer's responsibility to preview and inspect the items prior to bidding. Everything is sold in "AS IS - WHERE IS" condition, with no guarantees or warrantees, expressed or implied, statutory or otherwise of any nature whatsoever. The Auctioneers assume no responsibility for any liability once the bid is accepted. Risk or loss for any reason passes to the buyer once it is sold. It is the buyer's responsibility to remove all items within the allotted time.
3. BUYER'S PREMIUM: A 13% Buyer's Premium shall be charged and added to the final bid in order to determine the total bid price for credit card payments. The Buyer's Premium will be 10% for cash/check payments.
4. REMOVAL/SHIPPING: Removal and shipping is the responsibility of the buyer. Loadout will be held until 6:00pm on Auction Day, Monday (5/7) and Tuesday (5/8) 9:00am-3:00pm. All purchases must be removed from the auction site by Tuesday, May 8th before 3:00pm, unless special arrangements are made with the auction company. Ownership of any ASSET OR LOT remaining on the subject property after that date will revert to the seller. Any contractors using equipment for removal of purchases must be bonded and insured. Small items may be shipped at buyer's expense by Newberg Mailroom, and will be delivered to them on Monday for packaging. Shipiping will be billed separately.
5. PAYMENT: The total of the purchase price is to be paid in full on auction day by cash, cashier's check, approved company checks, or Visa/MC. Buyers unknown to us must be prepared to supply a Bank Letter of Guaranteed Payment to the office. All checks shall be made payable to "Stuart Realty Group, Inc." The standard 13% buyer's premium shall be charged on each sale, with a cash discount of 3%. For cash, cashier's check, or approved check, the buyer's premium will be 10%. For Visa, MasterCard, governmental purchase orders, unauthorized delayed payment or internet purchases, the Buyer's Premium will be 13%.
6. HOLD HARMLESS: Every person at the auction site before, during, and after the auction acknowledges that he/she is there at his/her own risk with notice of the condition of the premises. No person shall have any claim against the Auctioneers, their agents, employees, sellers, owners, or principals for any injuries sustained or for any damages to or loss of property which may occur from any causes whatsoever.
7. BID RIGGING: Bid rigging is a felony. If any person asks you to not bid against them, or if you witness any tampering or vandalism, report all such actions to the auction staff immediately. It is a federal crime and is punishable by imprisonment and fines.
8. SELLER'S & AUCTIONEER'S DISCLAIMER: All announcements made by the Auctioneer on auction day shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding and decisions as to the high bidder will be at the direction and sole discretion of the Auctioneer. All information is provided for the buyer's convenience, and is deemed to be from reliable and accurate sources. The information is subject to the verification by all parties relying on it; no guarantee, expressed or implied, is given on the information provided. No liability for its accuracy, errors or omissions is assumed by the seller or their agents. Buyers shall rely entirely on their own judgment and inspection of the personal property.
9. ABSENTEE & TELEPHONE BIDDING: If you are unable to bid online, call the office at 503-263-7253 for bidding assistance or to place an absentee bid.
Auctioneer reserves the right to change any Terms of Sale or remove any item from the auction.
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