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Terms and Conditions of Auction
Joseph D. Stid Trust
Grain Handling System Auction
September 22, 2011
1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis and conducted Online Only.
2. A Buyer’s Premium of 10% of the successful bid will be added to the high bid price. Please take this into consideration when bidding.
3. Cash, check with bank letter, Visa, MasterCard accepted.
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.
5. All items to be paid for by September 23, 2011.
6. All equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.
7. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.
8. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection.
9. Buyer must provide a copy of liability coverage and must name Mary Stid as additional insured. Call office for details, 517-676-9800.
10. Buyers to remove equipment by August 30, 2012. Contact auction company to coordinate load out.
11. Tract 4 Special Terms: Buyer agrees to cooperate with load out time line of tracts 1-3 & 6, because downspouts must be removed prior to bin removal.
Joseph D. Stid Trust
Grain Handling System Auction
September 22, 2011
1. Bidding will remain open until the close of the auction. Bidding will be on a lump sum basis and conducted Online Only.
2. A Buyer’s Premium of 10% of the successful bid will be added to the high bid price. Please take this into consideration when bidding.
3. Cash, check with bank letter, Visa, MasterCard accepted.
4. Buyer(s) must be prepared to make a cash offer. No financing is available. Not being sold subject to buyer(s) obtaining financing. Buyer(s) must be capable of paying cash at closing.
5. All items to be paid for by September 23, 2011.
6. All equipment is sold subject to Seller(s) acceptance or rejection. Auctioneers and sales agents reserve the right to negotiate final sales price on behalf of the seller.
7. All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.
8. Buyer acknowledges they are buying property in AS-IS condition, without inspections or contingencies. Buyer(s) will rely on his/her own judgment and inspection.
9. Buyer must provide a copy of liability coverage and must name Mary Stid as additional insured. Call office for details, 517-676-9800.
10. Buyers to remove equipment by August 30, 2012. Contact auction company to coordinate load out.
11. Tract 4 Special Terms: Buyer agrees to cooperate with load out time line of tracts 1-3 & 6, because downspouts must be removed prior to bin removal.