Auction Terms & Conditions Terms of the auction are: A 15% buyer’s premium will be added to the bid price to make your final purchase total. The Highest bid price will be submitted to the probate court for approval. An earnest money deposit will be required from the highest bidder in the Amount of 1,000 which will be REFUNDED IN FULL to the high bidder, by the auctioneer, if the probate court does not accept the high bid.
The 1,000 earnest money deposit will be charged to the buyer’s credit card at the time the auction closes.
Please expect a possible few weeks response time from the probate court.
Upon acceptance of your bid price by the probate court, the balance will be due within 7 days by credit card, or official bank check or wire transfer.
The coffee roaster has an Appraisal at the probate court for $18,616 and the probate court has will authorize a sale of 80% of that amount, being $14,893. However THIS AUCTION OFFERING is designed to discover the Market price and facilitate a sale. A low starting bid of 5,250 has been selected. The final bid price will be submitted to the probate court and the auctioneer will share the auction details of the auction process with the probate court so the high bid can be considered as fair market price and a sale hopefully consummated.
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