Electrical and Furniture Surplus Online Only Auction by Jeff Martin Auctioneers, Inc.

Terms & Conditions of Auction: 

• Buyers Premium is added to the high bid price on each item. 10% on the first $2500 and 2% on the balance per item
• Any MDOT & MSAGR Items will have a 10% buyer’s premium per item. MDOT & MSAGR items will be noted in the description 
• Online bidders will pay an additional 2% online bidding fee. 

• Refresh your screen frequently while bidding online

Online Bidders will be required to:

o   Email a signed copy of our Auction Terms & Conditions

o   Email a copy of valid photo ID

o   Speak with online agent at 601-450-6200 via the telephone number you provided during online registration

o   Make the full deposit specific to the auction in which you are bidding. 

• Local State, City, and County sales tax applies to all purchases.

• ALL NEW INTERNATIONAL BIDDERS MAY BE REQUIRED TO DEPOSIT $10,000 USD.  ALL NEW DOMESTIC BIDDERS MAY BE REQUIRED TO DEPOSIT $1000 USD BIDDING IN PERSON. CREDIT CARD DEPOSITS WILL BE HELD UP TO (5) BUSINESS DAYS AFTER AUCTION.

• AT AUCTIONEER’S DISCRETION, A BANK LETTER AND PREVIOUS PURCHASE HISTORY WITH ANOTHER AUCTION COMPANY MAY BE ACCEPTED IN LIEU OF DEPOSIT

• Inspection & Preview Days:  Monday, August 6th  – Auction Day. 8 am - 5 pm. Please inspect all items before bidding.  Online bidders may contact our office for more details about an item if needed before bidding.

BUYERS REPONSIBILITIES: All items are sold “as is, where is” with no guaranties, or warranties as to condition, value, merchantability, safety, or usability. The item will be considered sold without any exceptions upon the final gavel by the auctioneer. Possession will be obtained upon proper settlement. Purchaser will be responsible for the removal, insurance, breakdown, arranging, shifting, loading, and securing of load for any items purchased. It is the buyer’s responsibility to have inspected the item and determined the condition, year, model, serial number and mileage of the item from your inspection.

PICK UP AND STORAGE- All items must be removed by date announced at the beginning of the auction and/or date stated on purchase invoice.  Items not removed by storage date are subject to a $100 per day/per item storage fee.  The auction company reserves the right to sell item at auction for storage cost.  Please contact office if you need to make special arrangements for pick up after date.

• All items must be removed by August 24th 2018.

Other Fees that may apply to purchases:

• $40 Documentation fee is charged to each titled item

o   Titles- There is a $40 documentation fee added to each titled item.  Jeff Martin Auctioneers, Inc holds a State of MS dealers license and must follow the law according to the State of MS.  The auction company will collect and submit sales tax to the state on your behalf.  If you are buying for resale or export we must have documentation of proof before sales tax is waived.   Titles will be processed within 14 business days after auction unless payment is made in cash or cash equivalent.  Titles will be sent to the buyer directly from the State of MS.  You will be given a title application copy so that you can purchase your tag from your local DMV.   It takes the State of MS up to 8 weeks to process titles.  You may request a fast track title for an additional $40 fee. 

• $50 State of MS mandated trauma fee on all ATV’S, UTV’S, Go-Karts, and motorcycles

Auction Company reserves the right to remove items from auction or skip items once auction has begun. All announcements made by auctioneer shall supersede any printed material

Payment Procedures:

• We gladly accept Visa, MasterCard, American Express and Discover however, a 3% fee will be added to the invoice total. Texas Auctions- There will be no 3% fee added for credit cards, however there will be a 3% cash discount offer for payment made with cash of cash equivalent ( cashier’s check, wire transfer, or other checks accompanied by a bank letter of guarantee made payable to Jeff Martin Auctioneers, Inc.)

• Bidder agrees to pay for purchases, and Bidder represents that he/she has funds necessary for such payment.
  Complete payment is due on date of sale with cash, cashier’s check, credit card, wire, or other checks accompanied by a bank letter of guarantee made payable to Jeff Martin Auctioneers, Inc. All items must be paid in full before bidder leaves the premises. No items will be removed from the premises until payment is made in full. Payment not made as described above will be subject to late fees, penalties and interest plus expenses related to collection cost. Any balance due the day after the final removal date noted on the invoice will be paid by purchaser at a rate of 18% per annu. NO EXCEPTIONS. If Bidder fails to pay for any or all purchases, for whatever reason, including an insufficient check or a stopped check, Jeff Martin Auctioneers, Inc shall have the cumulative rights set forth in the complete Rules of Auction. Jeff Martin Auctioneers, Inc will contact District Attorney for any checks that are returned for insufficient funds or closed account and proceed with all necessary legal action as needed for collection and or prosecution.  Jeff Martin Auctioneers, Inc reserves the right to revoke bidding privileges at anytime.  
• For online bidders who do not pay within 3 business days of auction will be considered slow to pay and the auction company reserves the right to ban that buyer from bidding at any future auctions.

• Injury and Damage: Bidder acknowledges responsibility for any personal injury or property damage caused by bidder, bidder’s guests, or agents. Bidder agrees to hold Jeff Martin Auctioneers, Inc harmless from any personal injury to himself or his agents and any property damage incurred on auction premises. Bidder releases Jeff Martin Auctioneers, Inc and the seller from any and all liability connected with the removal and transportation of purchases and any and all future uses for the goods purchased herewith.

FIREARMS AUCTION: We do not test fire any weapons and we cannot guarantee the condition or functionality of any firearm offered for sale.  No warranty or guarantee is inferred nor should any be implied on any weapons and we strongly recommend that the purchaser have all weapons inspected by a licensed gunsmith.

Additional Auction Terms:

TIMED ONLINE AUCTION TERMS- Jeff Martin Auctioneers, Inc and its Employees act merely as agents of sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed. Additionally, bids may be placed at some auctions by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve. All final bids are subject to the seller’s confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Jeff Martin Auctioneers, Inc and its Employees or any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features, and other data pertinent to the value of the item. ALL ITEMS ARE SOLD AS –IS WHERE-IS.

LIVE / SIMULCAST AUCTION TERMS- Jeff Martin Auctioneers, Inc and its Employees act merely as agents of sellers. All auctions are with reserve unless specifically stated otherwise. Reserves, if any, ARE NOT disclosed. Additionally, bids may be placed at some auctions by the seller, an employee of the seller, or an agent on the seller’s behalf up to the reserve. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Jeff Martin Auctioneers, Inc and its Employees or any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features, and other data pertinent to the value of the item. ALL ITEMS ARE SOLD AS –IS WHERE-IS.