Important Dates & Deadlines:
Inspection / Removal Contact: Tim Burns at 248.693.4796 or tburns@asset-auctions.com.
Inspection: By appointment ONLY

Commonly Needed Links
Retrieve Your Bidder Number and Password
Bid by Mail Using an Absentee Form

Terms & Conditions

ALL ITEMS ARE SOLD AS-IS, EX-SITE, AND WITH ALL FAULTS

Purchaser must present and submit a signed Certificate of Resale (Exhibit C) to AssetAuctions or is responsible for paying the local sales tax to AssetAuctions, which is included in the purchaser’s invoice. After submitting the signed Certificate of Resale, the purchaser will receive a revised invoice to remove the sales tax amount. The certificate must be submitted and invoice must be paid in full prior to release of the auction item.

Attached Conditions of Sale Agreement and its terms are required conditions of sale. Buyer should carefully review terms prior to bidding. Please note that this item will not be released until the required Agreement has been presented to AssetAuctions.

Unclaimed items are subject to additional fees and my be disposed of. Items not picked up by the removal deadline will be considered abandoned. Abandoned items will be subject to a $50 per lot/per day storage fee and may be disposed of if remaining on site after the removal deadline.

Accepted payment methods:
Certified checks and cashiers checks payable to Asset Auctions LLC
Wire transfers (wire transfers initiated from banks outside of the United States are subject to a $35 charge.)
Visa™, Mastercard™, Discover Card™ and American Express™ Credit Cards
(Cash payments may be made at any Bank of America branch in Tennessee- for cash payment instructions Click Here)

Prepare your offer with the knowledge that there is a 13% buyer's premium. If paid by check or wire transfer a 3% discount applies to the buyers premium. Payment information and wire information will be sent with your invoice.

Buyers are strictly forbidden to send any third party customers onto property for the sole purpose of inspection of equipment for possible resale.

Titles and Taxes:
Untitled items will be taxed. Sales tax will not be collected on all titled items. Buyers MUST transfer title into their name.

Item Inspection, Description and Condition:
Seller does not guarantee accuracy of descriptions. Descriptions have been obtained from sources believed to be reliable, however prospective buyers are strongly encouraged to inspect the property. Bidders should avail themselves of the opportunity to inspect the items for sale. It is the responsibility of the buyer to assess equipment condition and specifications to their satisfaction prior to bidding.

Auctioneers Note:
Both Asset Auctions and the Seller want all of our buyers to feel they have been treated fairly and pay a fair price for the items based on their condition. Please do not enter a bid at a price that is greater than you are comfortable paying for any individual item based on it's condition. There will be no adjustments to the final bid price after the bidding closes.

All items are being sold AS-IS. Any notes or descriptions are for information only, you need to make your own decisions based on your own observations. Items often sell at very reasonable prices but sometimes need minor to major mechanical and/or cosmetic work. If you want to have a high level of confidence you MUST inspect for yourself and make decisions based on this inspection. We strongly urge you to inspect on the pre-assigned inspection dates that will be posted on our Web site. There will be no adjustments to the final bid price should you find any problems with the item after the bidding closes.

Insurance Requirements:
Buyers are required to comply with any safety or removal requirements sent forth by the Seller.

Asset Removal:
Buyer is required to remove all items in the lots purchased. All removal shall be at the expense, liability and risk of the Buyer. If the Buyer does not remove an item within the stated removal period, Asset Auctions and the Seller may, at their sole discretion, deem the Asset to have been abandoned by the Buyer and the Buyer will have no further rights with respect to the Asset. In most cases Buyers, outside contractors, including riggers and machinery movers, will not be allowed to work on the Seller's premises until they have provided proper insurance, protecting Asset Auctions, the Seller and the landlord from all and any claims resulting from their actions.