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Scottsdale Arizona online Form 9325: What You Should Know

Auctions start April 17, 2023. Auction Description and Bidding Rules Auction Description and Bidding Rules ā€œSOLDā€ or ā€œBUYER PREMIUMā€ means the highest purchase price, as shown in attached ā€œPurchase and Sale Informationā€ sheet, that you intend to pay at the conclusion of the Auction. The highest bid accepted by the auctioneer prior to the sale is the ā€œPre-Sale Estimateā€. The ā€œPre-Sale Estimateā€ is your ā€œEstimateā€. All bids accepted by the auctioneer will be in U.S. Dollars. All bids will be binding at the Auction. Buyer must settle any potential difference between the ā€œPre-Sale Estimateā€ and the ā€œFinal Estimateā€. In the event the ā€œPre-Sale Estimateā€ exceeds or is less than the ā€œFinal Estimateā€, the difference will be taxed to the purchaser from their purchase price. The ā€œPre-Sale Estimateā€ represents your estimate of the fair market value of each lot as of the date of sale; it is not a guarantee that actual selling prices will be the same for all lots. When the ā€œFinal Estimateā€ is based upon current market price as published in Arizona Title Insurance Guide or Guide to Title Insurance and/or the Auctioneer may re-offer lots in which the actual selling price is less than the ā€œPre-Sale Estimateā€ during the bidding. Unless otherwise expressly stated in these auction policies or by law (like tax laws) the Auctioneer may reject any bid below the ā€œPre-Sale Estimateā€. If the Auctioneer receives written notification of an error, the Auctioneer may rescind the sale and reship the lot to the bidder who submitted the lower bid. If an error has been made in the bidding, the Auctioneer will determine the buyer at the Auctioneer's sole and absolute discretion. Buyer's Premium: A buyer's premium at the conclusion of the sale of each lot consists of (1) the hammer price of the lot and (2) 10% of the bid. Payment: Payment may be made in cash or (at the option of the bidder) by Certified check, money order, or American Express, MasterCard, Visa, or Discover Card. Payment for lots must be made for lots purchased at or before close of the auction. If payment is made after close of the auction, it will be considered final.

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