|Terms: ||Terms: |
All properties sell "AS IS - HOW IS - WHERE IS." Neither Wisconsin Surplus nor the seller gives any type of guarantee or warranty, implied or otherwise. There are no refunds or adjustments. Both the sellers and/or Wisconsin Surplus reserve their right to withdraw any auction item at any time and/or change the auction duration without giving any notice. Items offered for auction are subject to final confirmation by the seller. All items offered for auction and their descriptions have been provided by the seller & compiled to assist the buyer. The entire risk as to the quality and performance of the property is with the buyer, and should the auction property prove defective following the purchase, the buyer will assume the entire cost to rectify. Bidders are strongly encouraged to inspect property and ask any questions prior to bidding. Submitting/making a bid is a legally binding contract which requires full compliance by bidders/buyers of all Wisconsin Surplus Online Auction Terms & Conditions. Representations or statements regarding the property made by the seller or any representative of the seller shall not be binding on the Seller or considered as ground for any claim for adjustment in, or recession of, the resulting sale of the parcel. The purchaser expressly waives any claim for adjustment or rescission based upon any such representation or statement. Narrative descriptions contained in these listings are excerpts from the Property Listing Reports.
An Auction Buyer's Fee will be added to all high bids to determine the final selling price. Buyers' fee percentage is determined by actual amount of the final accepted high bid on each item. Please see below table for applicable buyers' fee rates/amounts.
|AUCTION BUYERS FEE|
|20%||$125.00 and Under|
|17.5%||$125.01 to $750.00|
|15%||$750.01 to $1,750.00|
|12.5%||$1,750.01 to $4,000.00|
|10%||$4,000.01 to $10,000.00|
|9%||$10,000.01 to $30,000.00|
|8%||$30,000.01 to $60,000.00|
|7%||$60,000.01 to $100,000.00|
|6%||$100,000.01 and Over|
|Buyers fees are applied per item|
Full payment is required on or before the posted payment deadline. Accepted payment methods include: cash/currency, bank-guaranteed checks/drafts, money orders, bank wire transfers, ACH Deposit. -- The following are not acceptable forms of payment: Credit Cards, Paypal, Personal checks & Business checks are NOT acceptable. You may make final payment by mailing a certified check to WisconsinSurplus.com at PO Box 113, Mount Horeb WI 53572 or Call for Wire Transfer directions at 608-437-2001. Submitting/making a bid is a legally binding contract which requires full compliance by bidders/buyers of all Wisconsin Surplus Online Auction Terms & Conditions, as well as full payment by the final highest bidder, plus buyers' fees, per the terms listed herein.
Deed Transfer Terms:
Full payment must be made before deed will be transfered. The seller will convey property to purchaser by Quit Claim Deed. Seller is not obligated to provide a warranty deed for the transaction, nor is the seller providing an abstract for title insurance. All properties will be sold subject to all easements, zoning ordinances or government regulations. Mineral rights, if held by the Seller, will be transferred with the Quit Claim Deed. Buyer to pay deed transfer fee.
Auctions use the AutoExtend feature. The basic rule is there must be a minimum of 10 minutes for a bidder to react to a bid. If there is a bid placed in the final 10 minutes for an item, the ending time for that item is automatically extended to allow the bidders 10 minutes to react. If another bid is received during that 'extended time,' the ending time is extended again--and again, if necessary, for 10 additional minutes for each extension. This continues and repeats until there are no more bids submitted during the 10 minute extended period. This 'AutoExtend' feature allows the bidding process to be more fair for every bidder and gives all bidders a chance to respond to any last-minute snipe bid(s). Items are Autoextended ONLY if a bid is placed within 10 minutes of the scheduled closing time. EXAMPLE: If you are bidding on an item scheduled to end at 10am and you place a bid at 9:59am - the auction will Autoextend to 10:09am - if another bid is placed at 10:04am the auction will again be Autoextended to 10:14am. This will continue until no bids are placed during the 10 minute Autoextend period.
Staggered Ending Time:
Auctions with multiple items use a Staggered ending time. Each item has its own ending time. If the auction is scheduled to end at 10:00am the first item will end at 10am and each item after the first will end in a set staggered interval. An example is a 5 minute stagger, each item will end 5 minutes after the item before it. But, don't forget if an item is bid on in the last 10 minutes the AutoExtend will begin for that item. The following items will stay on the original scheduled staggered ending time (unless they too are Autoextended). The remaining auction time will be displayed within 24 hours of the end of the auction under the bid entry field on the right of the page. The AutoExtend feature applies to all online auctions. AutoExtend applies if a new higher bid is placed in the last 10 minutes prior to the scheduled end of the auction, thus extending via the AutoExtended feature for 10 additional minutes to prevent last minute snipe bids. Once extended the auction will auto-extend after each additional bid. NOTE: Bid History is displayed in Eastern Time.