General Terms and Conditions

•    In order to be approved to bid for an auction, the Auctioneer requires the following bid deposits:

•    Bank letter of payment guarantee

•    5%, "Earnest Money", of the bidders high bid to AuctionMAX LLC escrow account

If you wish to submit either the credit card authorization deposit or the wire transfer deposit, please contact our office at (706)936-6236 or email Charles at cwilliams3788@gmail.com and we will send you an email with the required forms.

Failure to pay for any item(s) that you are the successful bidder on will result in a penalty amount of 2% of the purchase price of that item(s).  This penalty must be paid to the Auction Company/Broker within 48 hours of the auction.  In addition, you and your company may be placed on the AuctionMAX Delinquent Bidder List displayed on the Home Page of AuctionMAX.net  and shared with all participating Auctioneers.

There is a 2.5% Sellers Commission on all real estate sales

• There is a 1.5% internet hosting fee.
• There is a 1% brokerage fee charged to the seller that is paid to the selling broker.

AuctionMAX LLC will charge all buyers a buyer's fee (“buyer’s premium”) of 5% on all real estate sales.

• There is brokerage fee of 2% paid to the selling broker.
• There is a brokerage fee of 3% paid to the listing broker

    **Failure to make payment in full to AuctionMAX LLC  will result in a penalty charge of 4.5% of the sale price to cover all buyer fees and internet hosting fee.

5) Applicable taxes will be charged.

6) A 5% down payment is due from the winning bidder the day the auction closes. Payment in full must be made within 45 days in the form Cash, Wire Transfer, Cashier's Check accompanied with a bank letter of guarantee. Failure to arrange payment by this date means you are subject to being placed on our Delinquent Bidder List that is displayed on our Home Page.

7) Bidders are to be held personally liable for any bids made with their Bidding Number.

8) The highest bidder for each Lot shall be the Purchaser, and in the event of any dispute the Auctioneer shall have absolute discretion either to settle such dispute or to re-offer the lot for re-sale.

9) The Auctioneer accepts no liability for loss or damage howsoever arising.

10) The Auctioneer has described the Lot(s) in the catalog to the best of their ability and belief from information furnished by the Vendor(s) who shall be alone responsible for any error or miss-statement, which there may be.  The Auctioneer and undertake no liability whatever in respect of any faults, deficiencies and errors of any description, oral or printed, nor do they accept responsibility for the authenticity, genuineness, origin, age, condition or quality of any Lot(s) and all statements as to these matters whether contained in the catalog or made orally are statements of opinion only and not to be taken as being or implying a statement or representation of fact

11) Each and every Lot is sold as seen.  The Auctioneer provides no guarantees or warranties (express or implied) in respect of the real or personal property contained in the Lot.  All representations made by the Auctioneer and, its servants or agents are to be considered lay opinions only and the Auctioneer accepts no liability for any purchase made by a Buyer in reliance upon them.

12) The Buyer agrees to insure the real and personal property purchased at auction against all losses from the Auction Date until the date of possession by the Buyer.

13) The Buyer acknowledges he/she has read and agrees to be bound by the additional terms and conditions set forth.