Terms of Auction
Auction closing date: This Auction Closes Sunday, December 11th 2022 @ 9:00pm EST/8:00pm CT
The bidding closes the first 3 items at 9:00pm EST then closes 3 items per minute thereafter to the last item in catalog order.
PREVIEW: Wednesday, December 7th 2022 From 10:00am - 2:00pm EST TIME ONLY!!!
REMOVAL: Tuesday, December 13th 2022 From 9:30am - 1:30pm EST TIME
OFFSITE REMOVAL IN CLEVELAND, OH!! PLEASE BID ACCORDINGLY. A VALID ID and the CREDIT CARD are required for purchase! Please Bring A Copy Your Paid In Full Invoice To The Removal! ANY ITEMS LEFT BEHIND WILL BE CONSIDERED ABANDONED!!
LOCATION: 1838 E. 55TH ST. CLEVELAND, OH 44103
SHIPPING IS *NOT* AVAILABLE FOR THIS LOCATION
This auction is defined as an Absolute Auction
Absolute Auction: An absolute auction, which is an auction or real or personal property to which all the following apply: (a) the property is to be sold to the highest bidder without reserve; (b) the auction does not require a minimum bid; (c) the auction does not require competing bids of any type by the seller or agent of the seller; (d) the seller of the property cannot withdraw the property from auction after the auction is opened and there is a public solicitation or calling of bids. Seller represents that he/she has a bona fide intention to transfer the property regardless of the price or identity of the high bidder.
Reserve Auction: A reserve auction, which is an auction in which the seller or agent of the seller reserves the right to establish a stated minimum bid, the right to reject or accept any or all bids, or the right to withdraw the real or personal property at any time prior to the completion of the auction by the auctioneer.
SHIPPING IS *NOT* AVAILABLE FOR THIS AUCTION
This is an ONLINE ONLY AUCTION PLEASE DO NOT BID IF YOU ARE NOT ABLE TO PICK UP YOUR ITEMS during the scheduled removal times NO refunds or chargebacks will be granted due to a lack of removal at the designated times. After the scheduled removal, items will be considered abandoned and you will be charged a removal fee for disposal of your items.
Submitting a bid is a contractual agreement to pay for winning bids, premium and tax at the end of the auction; we ask that you carefully and completely review the Terms & Details provided for each auction. These terms contain vital information per auction such as the auction site, whether or not shipping is available, what time and day inspection and removal will occur, our buyer's premium, and more. No cancellations, refunds or chargebacks will be allowed due to a failure to read the terms and details.
BUYERS PREMIUM: A 17% buyer’s premium will be added to each purchase. If you bid $100.00 at check out you will be charged $117.00.
PAYMENT: ALL CREDIT CARDS ON FILE WILL BE CHARGED AT THE END OF THE AUCTION.
You must have available balance on your credit card for your online purchases. At the conclusion of the auction you will be sent an email with a total of the items you won.
Increasing your own bid/Bidding Errors: Please be aware that many bidders routinely increase their own bid to price an item out of reach of other bidders. You should immediately review your bids once submitted. If you mistakenly increase your own bid, place your bidder number in the bid field, or make a typo you must immediately contact our office by email use the contact sheet on our website (we must have your request in writing). We will not reverse bids after the auction has closed no exceptions.
Staggered Closing: The online auction closes 5 items per minute. This feature will close the bidding on intervals. This feature works great with the auto-extend feature to closely emulate a 'live' auction.
Dynamic Closing: The closing time of an asset is automatically extended an additional 3 minutes whenever a bid is placed within the last 3 minutes of the asset's closing time.
Bid Notification: If you have been outbid you will be notified by email ONLY UNTIL the last day of the auction --- starting at midnight EST the night before the ending of the auction notices are not sent.
To quickly review your bids and see if you have won, you can utilize the 'review bids' feature. Items that they have been outbid on will be clearly marked.
Winning Bidder Notification: You will be contacted by email ONLY (you are responsible for checking your email) If you feel you have won an item and have not received an email you must notify us by email no later than 9am the next day. If you do not receive a paid email invoice then you did not win any items at the online auction.
In the event an item is not available for pickup, the buyer must, notify our onsite staff and file a claim by replying to your original emailed invoice noting what was not available within 24 hours of the pickup date. After 24 hours, Fast Track Marketplace and buyer agrees that no adjustment or refund will be made.
SALES TAX: Sales tax will be collected.
IMPORTANT TAX EXEMPT STATUS: If you are tax exempt, prior to the conclusion of the online auction you must DOWNLOAD and email a copy of the appropriate states tax exempt form to firstname.lastname@example.org if you have any questions contact the Elyria office at 440.653.9321 or email email@example.com you must include your bidder number and the closing date of the auction. Forms without this information will not be accepted and you will have to apply to the state for a refund.
CAUTION: For demonstration purposes various equipment may be joined. Do not assume a lot consists of more than one item simply because they are connected or pictured together. Please inspect the lot numbers and read the descriptions.
Catalog Inaccuracies: You are bidding on the described item not the photo occasionally the wrong photo is displayed always read the item description.
WARRANTY & CONDITION OF ITEMS SOLD: All items are sold "AS IS, WHERE IS, with NO WARRANTY expressed or implied by the lot number affixed to the item. This sale is to the business community as "equipment" & "inventory" without any implied or expressed warranty. Descriptions are believed to be accurate but not guaranteed. When you are not certain of the condition or use of an item please bid accordingly. You are bidding on the described item not the photo.
Bidders are responsible for their own removal. Any item NOT picked up by the set time will be considered abandoned. Removal shall be at the expense, liability, and risk of the purchaser. Purchases will be released upon presentation of a paid email receipt. Please insure that movers or anyone picking up items on your behalf have your paid receipt at the pickup location no items will be released with a paid email receipt.
IMPORTANT! The Fast Track Marketplace will have the option of reselling, removing, storing or abandoning, at the expense and risk of the purchaser, items not paid for and/or removed within the specific time. The buyer agrees to pay all deficiencies, legal, collection; transportation and storage expenses associated with delinquent accounts or abandoned items.
CHOOSE WISELY: We want every one to get a good deal and most will. However, when you bid on the wrong item or decide an item is not suited for your intended use, our clients are not willing to assume the cost of your mistakes. When in doubt about condition, completeness or suitability for intended use, please bid accordingly.
The Fast Track Marketplace reserves the right to add or remove items form the auction. Split or combined lots. Add minimum bids or reserve prices. Cancel, suspend, extend or reschedule an individual item and or auction event. Make change’s to the auction closing times or inspection or removal times.
Any controversy or claim arising out of or relating to this contract and/or agreement, or breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgments upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Venue will be Lorain County, Ohio.
Liability: Fast Track Marketplace and Sellers liability shall be limited to the refund of bidders purchase price.
LIMITATIONS: The above-stated Conditions of Sale cannot be altered except in writing by Fast Track Marketplace.
Licensure: FAST TRACK MARKETPLACE is an Auction Firm that is licensed by the Ohio Department of Agriculture and bonded in favor of the state.