Terms:
Personal Property Â– Payment in full at bid close or pick-up- 13% BuyerÂ’s Premium for Credit Card or 10% BuyerÂ’s Premium for Cash (3% discount for cash). Pick-up onsite at Bus Garage, 76 Student Lane, Ringgold, GA 30736 on June 27, 2014 from 11 am to 4:00 pm.
INTERNET BIDDING INCREMENTS
Range Minimum $0 - Range Maximum $25.00 = Increment $1.00
Range Minimum $25.00 - Range Maximum $50.00 = Increment $1.00
Range Minimum $50.00 - Range Maximum $ 100.00 = Increment $5.00
Range Minimum $100.00 - Range Maximum $500.00 = Increment $10.00
Range Minimum $500.00 - Range Maximum $1000.00 = Increment $25.00
Range Minimum $1,000.00 Â– Range Maximum $2500.00 = Increment $50.00
Range Minimum $2,500.00 Â– Range Maximum $10,000.00 = Increment $500.00
Range Minimum $10,000.00 Â– Range Maximum $50,000.00 = Increment $ 500.00
Range Minimum $50,000.00 Â– Range Maximum $100,000.00 = Increment $1,000.00
Range Minimum $100,000.00 Â– Range Maximum $250,000.00 = Increment $2,500.00
Range Minimum $250,000.00 Â– Range Maximum $500,000.00 = Increment $5,000.00
Range Minimum $500,000.00 Â– Range Maximum $3,000,000.00+ = Increment $10,000.00

Potts Brothers Land and Auction, LLC has the sole authority to resolve any bidding disputes as they may arise.

Auction End Times: Potts Brothers Land and Auction, LLC Online Only Real Estate Auctions are timed events and subject to extended bidding due to bidding activity. Potts Brothers Land and Auction, LLC reserves the right to adjust the auto extension time period.

Example: Potts Brothers Land and Auction, LLC Online Only Real Estate Auction have an auto extend feature. Any bid placed within 10 minutes of the auction ending will automatically extend the auction for 10 minutes from the time the bid is placed.

Example: If an auction scheduled to end at 10:00 a.m. receives a bid at 9:59 a.m., the close time of the auction automatically extends to 10:09 a.m. The auto-extend feature remains active until no further bids are received on the entire bidding group of properties within the 10 minute time frame. Potts Brothers Land and Auction, LLC reserves the right to adjust the auto extension time period.

Bidder Verification: The identity of bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Potts Brothers Land and Auction, LLC will reject the registration, and bidding activity will be terminated. The Seller and Potts Brothers Land and Auction, LLC reserve the right to preclude any person from bidding if there is any question as to the personÂ’s credentials, fitness, etc. Bidders agree to keep their user-name and password confidential as they are responsible for ANY and ALL activity involving their account. When using the website, you must obey any and all local, state, and federal laws. Violations will result in termination of website use privileges.

Terms: At the close of the auction, successful bidders will be emailed the contract package to execute and return to Potts Brothers Land and Auction, LLC. Successful bidders will deposit escrow funds as listed on the contract price in form of auction company approved check or wire transfer. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.

BuyerÂ’s Premium: A 10% buyerÂ’s premium will be added to the bid price on all properties to determine the final contract price.

10% BuyerÂ’s Premium Example:

Bid Price: $10,000.00
Plus 10% BuyerÂ’s Premium: $ 1,000.00
Total Contract Price: $11,000.00

Catoosa Co. School Buses