Auction Procedures for Buyers

Questions That Prospective Buyers Might Have At Commercial Business Liquidation Auctions, Previous Seizure Auctions, Estate Auctions, Distress Auctions, or Other Commercial Auctions

If I choose to buy something, how do I take possession of the goods?
The goods have to be picked up by you within 2 hours of the end of the Auction upon paying in full by credit card, certified check, or cash. Our staff will help you load your merchandise into your vehicle or trucks. If you choose to pay by certified check, we will require delivery of the certified check to our representative at the Auction site on the next business day prior to 12:00 noon at which time the goods will be released to you.
Please note that you must make your own arrangements to remove your purchase from the Auction premises in any case.

What should I do after I buy something?
Hold your card up so that the Auctioneer can make a note of your Buyer number. The Auctioneer will repeat the sale price and your Buyer number to make sure that there is no mistake. A deposit must then be given to the cashier. If you have completed your purchases, you can pay in full by credit card, cashier’s check, or cash and pick up your goods immediately.

What does it mean when an Auctioneer says “selection” on items?
This means that a collection of lots will be offered at one time. After the Auctioneer says “sold”, the Buyer has the choice to buy one or more of the lots. The remaining lots then can be offered at the same price to others who participated in the bidding and then to the floor. The Auctioneer may choose to offer the remaining lots, requiring the successful bidder to take them all.

What can you tell me about bidding at Liquidation, Distress, Seizure, or Commercial Business Auction Sales?
Do your homework and find out what the lots are worth to you. Don’t buy something just because it is a low price. Please note that sometimes you can buy it lower somewhere else.

How much assistance can I expect from your Auction staff?
Sometimes the Auctions go very fast and the staff is busy so you can expect that during an Auction you may not receive much attention or assistance. You may want to invite someone to accompany you to help with anything that the Auction staff may not be able to assist you with.

How are lots offered and sold in Liquidation, Seizure, Business Assets, or any other Commercial Auction?
Everything is tagged with a lot number to uniquely identify each piece. Please note that the Auctioneer has the right to group lots together, to divide lots, or to withdraw any lot prior to its auction.

What should I do when I get to the Auction?
a. You need to register at the front desk to get a bid card to qualify you for bidding.
b. You must bring a government-issued ID, for example a driver’s license.
c. You may be required to leave a cash-refundable deposit.
d. You will be asked to sign a bid card application form which acknowledges that you agree to the terms and conditions of sale whether they are read or not.

How is the Auction sale put together?
Some sales take place at the business site. Some sales take place at estates. Some sales take place in warehouse facilities. Some sales take place in country clubs or in hotel banquet rooms. It is recommended to arrive 1 hour prior to the Auction so that you have adequate time to view the items prior to a commencement of the Auction proceedings.

How do I pay for the goods I purchase?
Please note deposits may be required to obtain a bid card prior to bidding. We accept VISA, American Express, Master Card, or cash for payment in full on the day of the Auction in order to release the goods to you immediately. Otherwise, full payment must be tendered the next business day prior to 12:00 noon by certified or cashier’s check. Please note that in the latter case, a substantial deposit must be left and will be credited to the full purchase amount upon receipt of the certified or cashier’s check for the balance owing.

Should I look at the goods before I buy them?
We strongly suggest you arrive at the Auction site 1 hour prior to the commencement of the bidding so that you can closely inspect all items being offered at the Auction. Please note items will be sold “as is, where is, without guarantees”. The Auction Company routinely does this since they do not have time to check each and every item in a sale.