Personal Property Terms & Conditions

OPEN HOUSE
Tuesday December 2, 10:00AM-4:00PM
Trucks and Vans will be located at
Smithey’s Wrecker Service
1201 North Columbia Avenue
Ricon, GA 31326

Private appointment available by calling Rowell Auctions, Inc at (229) 985-8388

Personal Property Bidding Increments
Range Minimum   Range Maximum   Increment
$10.00   $20.00   $2.00
$20.00   $100.00   $5.00
$100.00   $500.00   $10.00
$500.00   $1,000.00   $25.00
$1,000.00   $2,000.00   $50.00
$2,000.00   $5,000.00   $100.00
$5,000.00   $10,000.00   $250.00
$10,000.00   $50,000.00   $500.00

TERMS FOR PERSONAL PROPERTY
All items sell “as is, where is” with no guarantees or warranties express or implied. All purchases are considered verified by the purchaser as to grade and authenticity. The purchaser will rely solely on his/her judgment in any purchase.

Payment: The successful Purchaser(s) will make payment in full at the close of the auction in the form of cash, cashier’s check, credit card, money order or wire transfer. A 15% Buyer’s Premium will be added to the bid price to obtain the contract price. Sales tax of 7% will be charged on all applicable purchases.
Purchases of $2,500.00 or greater are not eligible for credit card payment. Payment on all invoices over $2,500.00 require payment via wire transfer.

Dealers buying for resale may be exempt from paying sales tax if the dealer provides their sale tax resale number and executes the sale tax exemption form.

Possession of the personal property will be granted upon final payment. NO EXCEPTIONS.
Auction End Times: All Rowell Auctions, Inc. Online Real Estate Auctions are timed events.

Example: Rowell Auctions, Inc. Online Real Estate Auctions have a “Dynamic Close” auto extend feature. Once the bidding reaches 5 minutes before the scheduled bid closing, the “Rowell Dynamic Close” will begin. Upon receiving the first bid with under 5 minutes remaining, the bid closing will have an additional 5 minutes added. At that point the countdown continues. Example: If an auction scheduled to end at 4:00 p.m. receives a bid at 3:56 p.m., the close time of the auction automatically extends to 4:05 p.m. The auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the 5 minute time frame. Rowell Auctions, Inc. reserves the right to adjust the auto extension time period.

Buyer’s Premium: A 15% Buyer’s Premium will be added to the bid price to determine the final sales price.

Buyer’s Premium Example: Bid Price: $10,000.00 Plus 15% Buyer’s Premium: $1,500.00 Sales Tax: 7% $805.00 Total Sales Price: $12,305.00

Personal Property Purchase Retrieval: All items are available for retrieval as follows:

Retrieval Location: 104 South Coastal Highway Port Wentworth, GA
Trucks and Vans located at
Smithey’s Wrecker Service
1201 North Columbia Avenue
Ricon, GA 31326

Retrieval Times: Monday, December 15 2014, 10:00AM-5:00PM Tuesday, December 16 2014, from 8:00AM-5:00PM

If you are unable to retrieve on these dates please schedule an appointment to retrieve items by calling Tony Deloache at (229) 985-8388.

Shipping: Items are available for retrieval as listed above. If a purchaser wishes to have items shipped, all packing and shipping charges will be at the purchaser’s expense. (Onsite retrieval encouraged)

In order to retrieve purchases, a paid invoice must be presented at pickup location by purchaser or their representative. NO EXCEPTIONS.

VEHICLE AND TRAILER TITLES
On all titled vehicles and trailers, titles will be executed directly by the bankruptcy trustee and delivered to the purchaser14 days after the auction via certified mail, return receipt requested. Any vehicle or trailer not requiring a title for transfer within the State of Georgia will be transferred by bill of sale only. Purchaser shall be responsible for all title registration and tag transfer fees which will be paid by the purchaser upon transfer of registration in the county of domicile.

ELECTRICAL DISCONNECTION
On all equipment electrically hard wired to the building it is the purchaser’s responsibility and expense to disconnect power at the nearest junction box. All exposed wires must be capped with wire nuts and taped.

ADDITIONAL AUCTION TERMS
Rowell Auctions, Inc. reserves the right to use Lots 6 (Wells Cargo Trailer), 138-142 and 145 (Metal Shelving Units) for load out purposes. These items will be available for pick up Tuesday, December 16, 2013 at 3:00pm.
Rowell Auctions reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller.
All items are subject to prior sale or removal from the auction.

Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent.

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. The property is being sold 'AS IS' with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding

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