VIERTEL-SAMUEL REAL ESTATE & PERSONAL PROPERTY AUCTION TERMS & CONDITIONS:

By accepting the terms and conditions of this auction you acknowledge that you are entering into a legal and binding contract between you and Ascent Auction Services (AAS) & Shobe Auction & Realty (SAR). You agree to abide by and be bound by all terms and conditions herein.

BUYER’S PREMIUM

A Buyer's Premium of 5% will be added to each lot’s high bid to establish the sale price for each lot. Example: $100 bid price + 5% buyer’s premium = $105.00 total invoice amount.

BIDDER REGISTRATION

You must be 18 years of age or older to register and bid. During the registration process, you must submit information found to be current, complete, and accurate for proper identification. You acknowledge that it is your responsibility to continually maintain current and accurate account information. All bids are final and cannot be retracted or removed.

BIDDER VERIFICATION

The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, AAS/SAR will reject the registration, and bidding activity will be terminated.

RETURNS

All sales are final. There are no returns, refunds, credit card charge-backs or adjustments.

PROCEDURE

This will be an online only bidding forum with increments as determined by the Auctioneer. Bidding starts at the nominal opening bid indicated and is open to the public. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

CURRENCY TYPE

All bidding increments and payments will be in US Dollars (USD).

STARTING BID

Nominal starting bid: $15,000. Property sells absolute at or above the Starting Bid price.

INSPECTION & PREVIEW

Wednesday, August 3rd, 5 – 7 p. m. and Monday, August 8th, 5 – 7 p. m.

LOT DESCRIPTIONS & CONDITION

AAS/SAR offers lot descriptions and condition details as a courtesy to bidders. They are intended to be accurate, but represent opinions only, not statements of fact, and do not imply any warranty concerning condition, or any assumption of liability. Lot announcements, listings, photographs, and catalog information are for descriptive purposes only.

You acknowledge that you have the right and responsibility to inspect each lot personally, or to have a third-party representative inspect the lot for you. By bidding on a lot, you have agreed to accept the lot in its present condition, at its present location and with the description provided, whether accurate or not.

AUCTION ENDING

Beginning at the stated closing time per lot, the auction software will conclude bidding for the auction property with the following exception: if a bid is placed in the last five (5) minutes, bidding will be reset to five (5) minutes. This will continue until five (5) minutes elapses without any bids, at which time the auction will close and the property will be declared "Sold" to the highest bidder. Please note that some lots are linked together and will be set to close simultaneously.

PAYMENT & CLOSING

Real Estate: Payment and closing to be handled through Realty Title Co., Lewistown MT. Closing date to be on or before Tuesday, September 6th, 2022. All payments are to be made online via one of the payment options below. Cash to seller at closing. Seller will provide title insurance. Seller & buyer to share equally in the transaction closing fee, not to exceed $400 each party.

Personal Property: Cash or check only at pickup.

Non-paying bidders or fraudulent bidding will be subject to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations.

PICKUP TIME & LOCATION

Personal Property: Wednesday, Aug. 10th @ 10a.m.

All items must be removed within 10 days of the auction closing unless other arrangements are made with the seller.

ABANDONMENT

Items not picked up within 10 calendar days after auction closing are considered abandoned. No refunds will be given for abandoned items.

SHIPPING

Shipping is not available for this auction.

POSSESSION

Merchandise becomes the FULL RESPONSIBILITY of the buyer at the close of the auction and the buyer assumes all risk of loss and damage to property at that time. In any such event, the bidder will be responsible for payment for the original purchase and the costs of collection of this payment and/or damages resulting from the resale of the property.

BIDDING IS NOT CONTINGENT UPON FINANCING

Buyer must have financing arranged, if needed, and be capable of paying cash at closing.

INTERNET, SERVER & SOFTWARE ISSUES

You acknowledge that the internet may be an unreliable and error-prone network. AAS/SAR will not be responsible for technology disruptions, errors or failures including disruptions to bidding or the failure to execute recognized or unrecognized online bids. Regardless of whether it is caused by a loss of connectivity or breakdown of the system, hacking or other reasons, AAS/SAR reserves the right, upon technology disruption, to continue, cancel or suspend the auction.

AUCTIONEERS ANNOUNCEMENT

AAS/SAR and its employees and contractors act merely as agents of the sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, are not disclosed. Bids may be placed by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve or to obtain fair market value. AAS/SAR reserves the right to place and accept bids on behalf of internet bidders, absentee bidders, the seller, or themselves. AAS/SAR reserves the right to accept or reject any bid and in all cases of dispute AAS/SAR decision shall be final.

LIABILITY

Preview, bid, and pickup lot purchases at your own risk. AAS/SAR nor any of its officers, employees, independent contractors, or clients, are responsible for injury or damage of any kind, to anything or anyone, while previewing, bidding, picking up purchases, or conducting business. You agree to hold AAS/SAR and its agents harmless regardless of opinion.

LIMITATION OF LIABILITY

If, for any reason, AAS/SAR, is unable to make available or deliver any lot purchased, or portion thereof, or documentation required in respect to any lot, the sole liability of AAS/SAR, if any, will be the return of monies paid in respect to such purchase upon the lot’s return to AAS/SAR by buyer.

PRIVACY

We respect your privacy and that of our clients, both buyers and sellers. We will not release your information to anyone without your permission. You agree to give AAS/SAR permission to email you promotional materials for future auction events. You can change this preference at any time.

Viertel-Samuel Real Estate & Personal Property