A Buyer's Premium of 10% is added to the high bid. Please take this into consideration when bidding. Bid price + buyer premium = sale price.
All items to be picked up Wednesday, February 4 or Thursday, February 5 from 10am-2pm at 16343 S. US 27, Lansing, MI 48906.
Loader will be available during scheduled load out times.
You may pay with cash, wire transfer, cashier's check, personal/business check made out to Sheridan Realty & Auction Co (w/bank letter if over $5000) or credit/debit card. We do not accept any payments online. Sheridan Realty & Auction Co reserves the right to verify funds on all checks. Cash payments over $10,000 will be required to fill out an IRS 8300 form. Should you choose to pay with a credit/debit card, you will be charged an additional 5% handling fee. $5000 max payment accepted on credit cards. Credit card and ID must be present at load out, even for pre-paid invoices. No credit cards accepted on titled vehicles. Funds must be certified on titled vehicles if you would like your title processed right away; otherwise there will be a 10-day holding period when paying with personal check. Make checks payable to Sheridan Auction.
No item is to be removed from the auction site until full settlement arrangements have been made. Auction Company and/or sellers not responsible for accidents on auction/load out day, or accidents involving machinery or items after sold.
All sales are FINAL- no refunds.
If item(s) are not picked up within seven days of the load out and arrangements have not been made with the auction manager, item(s) will become property of Sheridan Realty & Auction Co.
All titled vehicles subject to 6% Michigan sales tax (calculated based on sale price), $75 broker fee, and $15 title transfer fee. No credit cards accepted on titled vehicles.
All Sheridan Realty & Auction Co. Online Only Auctions are timed events that have an auto-extend feature. Any bid placed on an item within 5 minutes of the auction ending will automatically extend the auction for 5 minutes on that item. Example: If an auction scheduled to end at 6:00 pm receives a bid at 5:59 pm, the close time of the auction automatically extends to 6:05 pm. The auto-extend feature remains active on a per-item basis until no further bids are received within the 5 minute time frame.
Bidding increments are as follows:
$0 - $200 = $5
$200 - $1000 = $25
$1,000 - $10,000 = $100
$10,000 - $25,000 = $500
$25,000 - $500,000 = $1,000
$500,000 - $1,000,000 = $5,000
$1,000,000 and up = $10,000
All items sold AS IS, WHERE IS with all faults and without warranty expressed or implied. Sheridan Realty & Auction Co. is not responsible for any missing or incorrect listing information. We have attempted to provide accurate descriptions. However, it is the bidder's responsibility to conduct any inspections to determine the condition and feasibility of the bidder’s intended use. Descriptions that are provided by the auction company are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have either personally inspected the items being sold, hired an agent to inspect the items being sold or waive your right to inspect the items being sold. By placing a bid, this creates a contractual agreement to purchase the items being sold at the high bid price plus Buyers Premium and any additional fees.
Sale on all items is subject to seller approval. Auction company reserves the right to confirm the sale with the seller, and bid on behalf of the seller, if necessary. Items may have reserves that may or may not be noted.
Items must be removed at load out unless other arrangements have been made. If you do not come to the load out, we reserve the right to charge your credit card for the high bid price, plus buyer premium and any other fees associated with the item. Any items not removed during load out for which arrangements have not been made, will be forfeited whether the items are paid for or not.
The successful bidder not attempting to settle their invoice after the conclusion of the auction will be considered in default and will be black flagged in our database. Sheridan Realty & Auction Co. reserves the right to sell to the next highest qualified bidder in the event the successful high bidder does not comply with the terms of the sale. By bidding on the items in the auction, the buyer agrees to all terms and conditions set forth. By registering and placing a bid you agree that if you happen to become a default bidder, Sheridan Realty & Auction Co. has the right to charge your credit card for the entire balance of your invoice, plus any and all costs incurred by the seller and Sheridan Realty & Auction Co. in a subsequent resell of the item(s). If Sheridan Realty & Auction Co. is able to sell your item to the next highest qualified bidder at a price lower than the auction high bid price, the default bidder agrees to allow Sheridan Realty & Auction Co. to charge their credit card for the difference in their high bid price and the actual selling price to the backup bidder.
During this auction process there is a chance that you will be outbid. At that time you will receive an outbid notification by email. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections/speed, sometimes email notifications can be delayed. We are not responsible for the failure of any part of the bidding process or internet bidding.
If you are bidding against someone who has placed a max bid in the system, the max bid that is placed first will take precedence over a bid placed after. This means that the person who placed the bid first will have the high bid, in the event that the same bid is placed.
Sheridan Realty & Auction Co. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Sheridan Realty & Auction Co. or the Seller.
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sheridan Realty & Auction Co., MarkNet Alliance and the Seller reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Sheridan Realty & Auction Co., MarkNet Alliance or the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary.
By agreeing to these terms, you give Sheridan Realty & Auction permission to send auction marketing emails to the address on the account.
Your use of this site and bid placement constitutes your acceptance and agreement to adhere to these terms. Please print a copy for your records. All bidders are responsible for reading all terms and conditions carefully. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations.
Sheridan Realty & Auction Co. reserves the right to revise The Terms and Conditions.
