TERMS AND CONDITIONS Terms: Personal Property - Cash or good check on pickup/completion day of sale. Ky. Sales Tax of six (6%) will be charged on all property unless proper exemption is shown. A 10% Buyers Premium will be added to determine final selling price of all items. Complete terms and conditions of this auction is available online at www.McKinleyAuctionCompany.com/Auctions, then click the tab that say's "TERMS AND CONDITIONS". All items/property will sell under the condition of As/Is-Where/Is with no warranties expressed or implied. Buyer assumes all risk, and at no time will McKinley Auction & Real Estate Co. be responsible for (including but not limited to) condition, disposition of marketability, merchantability, accidents, theft or loss of any kind, and etc. A 10% buyer's premium will be added to the final bid(s) to determine selling price. Inspection of property prior to auction is permitted and encouraged to the best of the bidder's satisfaction, then bid accordingly. Any printed or verbal information provided is deemed reliable however accuracy is not guaranteed. Announcements made prior to close of auction supersede any previously advertised material. Thanks for reading the fine print! Helpful Tips to Keep in Mind Before & During Your Bidding Process 1. Bidding confirms you’ve inspected the items and read/agreed to the terms of sale. DO NOT BID unless you have done this! 2. McKinley & Associates reserves the right to remove or cancel the bids and or bidding privileges of the party at any time deemed not to be in the best interest of the seller. 3. Anything the seller or we know about properties has been disclosed in the published materials. All properties are sold “as-is, where-is” with no warranties, expressed or implied. 4. All properties/items are subject to prior sale or removal from the auction. 5. Again, please read and review the terms and conditions. Be certain of your purchasing capabilities. Terms & Conditions Please read and review the terms and conditions thoroughly prior to bidding on any item. If you have not read and reviewed the terms and conditions please do so before bidding. McKinley & Associates has the sole authority to resolve any bidding disputes as they may arise. Auction End Times: Online Real Estate Auctions are timed events and subject to extended bidding due to bidding activity. McKinley & Associates reserves the right to adjust the auto extend feature as needed to conduct the auction in the best manner possible. Example: McKinley & Associates Online Real Estate Auctions have an auto extend feature. Any bid placed within 5 minutes of the auction ending will automatically extend the auction for 5 minutes in addition to the time remaining on the auction clock at the time the bid was placed. Example: If an auction scheduled to end at 6:00 p.m. receives a bid at 5:59 p.m., the close time of the auction automatically extends to 6:04 p.m. The auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the 5 minute time frame. McKinley & Associates reserves the right to adjust the auto extension time period. Bidder Verification: The identity of all bidders will be verified, bidding privileges are provisional, and if complete verification is not possible, McKinley & Associates reserves the right reject the registration, and bidding activity is subject to termination. Purchaser shall be responsible for all wire transfer fees. Buyer's Premium: A 10% Buyer’s Premium will be added to the bid price on all items to determine the final contract price. 10% Buyer's Premium Example: Bid Price: $100,000 Plus 10% Buyer's Premium: $10,000 Total Contract Price: $110,000 Agency Disclosure: In all transactions, McKinley & Associates are acting as agent for the seller, not as buyer's agent. McKinley & Associates reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At auctions with reserve, the seller and/or auctioneer reserves the right to bid on the Seller’s behalf. McKinley & Associates/auctioneers or agents reserve the right to bid on this property at their discretion. Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold "AS IS", “WHERE-IS” with not warranties expressed or implied. All inspections prior to the end of this auction is allowed and encouraged to the best of the bidder’s satisfaction, then bid accordingly. Please review all information supplied, and seek appropriate assistance prior to bidding. Thanks for reading the fine print!
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