Loan Proceeds on Real Estate - Performing Note "Be the Bank"

1) 5% buyers premium on each item $2,501 and over. 10% buyer's premium on each item $2,500 and under. Added to all purchases ($10 bid price + $1.00 bp = $11.00 at cash register, $3,000 bid price + $150 bp = $3,150) 

2) The sale is "AS IS" and "Where IS" and without warranty of any nature whatsoever. Purchasers are deemed to have conducted their own inspection and should NOT rely on descriptive information provided or statements made. By placing a bid, bidder signifies that they have examined the items to their satisfaction, or that they have chosen not to personally examine them.

3) All purchases to be paid within 2 business days following the auction and before pickup. Payment may be made by cash or check. Debit and Credit Cards accepted with a 3% Convenience Fee. Any unpaid amounts will incur interest of18% per diem. Your credit card on file is not automatically charged, unless payment is not received within 2 days. 

4) If charges are declined by the credit card processor a non-sufficient funds charge of $25.00 will be charged each time processing is denied. The buyer will be notified of NSF transaction through e-mail and be given 24 hours to contact Prime Time Auctions with an alternative payment method.

6) Items MUST be picked up within three business days following the auction, or other acceptable arrangements must be made. Items left for over three business days without arrangements will incur storage fees. Please understand space is limited and we need room for new inventory! 

PLEASE NOTE if left items are left past pickup times there is not guarantee items will be in same condition or easily accessible. Items left past pickup times will be considered abandoned property and no longer belong to buyer. Buyer will incur any cost of disposal.

8) All titled items will incur a $14 title fee and a $75 document fee for a total of $89. Auto dealers will be charged $40. 

9) Loading is the responsibility of the buyer. Our staff is there to supervise the safe and proper removal of items and to help you identify the items included in your purchase. The staff are NOT there to help with the removal of heavy items.   You MUST bring your own packing materials, moving equipment, and adequate manpower to safely and properly remove your items during the specified pick-up time.

10) Purchaser will pay all legal state sales tax, unless exemption requirements are met. 

11) Purchaser grants a security interest in purchased items. If, for any reason, payment is not made in full, Prime Time has the right to repossess items, even from private property. 

12) Prime Time Auctions reserves the right to bid on behalf of our sellers. The vast majority of items are sold to the highest bidder. Through our frequent seller program and special cases, some items have soft reserves. Our best effort is used to create a fair market for our buyers and sellers. 

13) If payment is not honored for any reason (including but not limited to N.S.F., stop payment order, or the like) purchaser agrees to pay a $75 return fee. 

14) Gun buyers must pass a federal background check. Gun buyers that do not pass a federal background check, will be charged a re-sale fee of $150.00. 

15) If action is necessary to enforce the terms of this agreement, purchaser agrees to pay attorney fees and costs associated with collection or action. All buyer contracts will be subject to the Bannock County legal jurisdiction and the laws in the State of Idaho.